- Indian Rice Production Fluctuations:
- 1063 lakh metric tons produced in 2023, a 3.7% increase from 2022.
- Climate change-induced floods in northern states and drought in Karnataka and Andhra Pradesh contribute to fluctuations.
- Minimum Support Price (MSP) Increase:
- Central government’s efforts to support farmers with annual MSP increases.
- MSP for common and fine variety paddy raised in 2022 and further increased by the Government of Tamil Nadu.
- Impact of Global Events on Rice Exports:
- Ukraine-Russia war increases demand for Indian rice varieties in the US and Europe.
- Central government bans export of certain high-quality rice varieties, leading to a slight price rise.
- Electricity Tariff Hike Concerns:
- Tamil Nadu Electricity Board raises tariffs for LT and HT industries, affecting rice mills.
- Appeal to the Chief Minister to reconsider increased tariffs for rice mills to ensure consistent rice supply.
- GST Taxation on Rice:
- 5% GST imposed on rice, further revised for pre-packed and pre-labeled bags.
- Urgent appeal to the Hon’ble Prime Minister to reconsider and remove the 5% GST on rice, considering it as an essential food item.
Secretary’s Appeal:
Dr. Acmohan urges prompt action on electricity tariffs and GST taxation for the benefit of rice producers and consumers alike.
