It is learnt that the farm ministry proposes 16% rise in rice buying price. Anil Mittal, CMD, KRBL in an interview with CNBC-TV18, said that the 16% price hike will effect inflation because the rice prices in the inflation factor is already quite high.
He said that the basmati prices will jump up atleast by 4-5% due to this price rise in non-basmati rice. Below is the verbatim transcript of Mittal's interview with Anuj Singhal and Latha Venkatesh of CNBC-TV18. Also watch the accompanying video. Q: Could you explain us, this 16% price hike which is being proposed? Is this the price at which the government wants to buy from you or is it the price that the rice manufacturersDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
