PolicyBusiness Standard
Centre doubles open market rice sale target to 5 mn tonnes
Positive+39
GreyOak summary
The Centre doubled its open market rice sale target to 5 million tonnes for FY27 to cool rising prices. This move addresses production shortages in southern states due to drought, with India's overall rice production expected to drop by 10%. The government will sell from its Central pool stocks, which currently stand at 38 million tonnes.
What it affects
- Agri commoditiesPositive +39
Rice sale target doubled to cool prices.Rolling sentiment Neutral +10
