TCCI urges immediate FCI market intervention to prevent rise in rice prices
Raghuchandran Nair, president of TCCI, said that timely intervention by the FCI is essential to ensure the adequate market availability of rice and to prevent an escalation in rice prices. He added that the early release of rice stocks under OMSS(D) will benefit both the business community and consumers by maintaining stability in the market.
- ▪Raghuchandran Nair, president of TCCI, said that timely intervention by the FCI is essential to ensure the adequate market availability of rice and to prevent an escalation in rice prices.
- ▪He added that the early release of rice stocks under OMSS(D) will benefit both the business community and consumers by maintaining stability in the market.
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The Trivandrum Chamber of Commerce and Industry (TCCI) has expressed serious concern over the sharp increase in rice prices and the possibility of further escalation in prices in the coming weeks due to the prevailing drought-like conditions in the major rice-producing States of Karnataka, Andhra Pradesh and Tamil Nadu.In an official statement here, TCCI said that according to reports, reduced water levels in reservoirs and uncertainty regarding the current paddy cultivation season have adversely affected crop prospects in these States.This has created uncertainty in the rice market, resulting in increased prices of paddy and rice.
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