Telangana govt. announces maximum retail price of three fine rice varieties between ₹66 and ₹79 per kg
HYDERABAD, October 31 - The Telangana government has set the maximum retail price for three popular fine rice varieties, ranging from ₹66 to ₹79 per kilogram. The Karnataka Pradesh Cooperative Marketing Development Federation (CPDMF) announced the prices in Hyderabad and Medchal. Chief Rationing Officer Hyderabad issued orders to display these prices prominently at rice mills, wholesale, and retail stores, mentioning the manufacturer's name at the bottom.
Medchal officials made similar announcements. These prices were determined after consultations with stakeholders amid rising rice prices that exceeded ₹80 per kg. Officials warned against selling the foodgrains above the maximum retail price, with Civil Supplies authorities monitoring compliance and taking action against violators.
The surge in rice prices has prompted traders to warn against fabricating shortages. Millers were directed by officials to avoid increased prices for old rice stocks dominating inventories, as abnormal price hikes are not permitted.
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