InvestorQ : Is it true that rice is likely to result in a surge in inflation in this year?
Dilmini Mercia made post

Is it true that rice is likely to result in a surge in inflation in this year?

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Dawn Cherian answered.
1 month ago
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As RBI struggles to fight the inflation monster, rice prices have rallied sharply on concerns over severe shortages in this Kharif season. There was a spike in the price of rice and wheat as is evident in cereal inflation. Paddy sowing acreage in the current season has been 8% lower than last year and that is likely to put a lot of pressure on rice availability this year. Also, the delayed rains in the rice growing regions of Uttar Pradesh, West Bengal and Jharkhand have taken a toll.

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