Government launches phase 2 of Bharat atta and rice to combat food inflation
food inflation.
Pralhad V Joshi, minister for consumer affairs, food, public distribution, new and renewable energy, said that this phase-2 of retail sale of subsidized Bharat Atta and Bharat Rice is done to stabilize the high prices of rise and atta in the market and is a temporary market intervention. «The MSP (minimum support price) has also been hiked twice in a year,” he told newspersons.
The phase-2 allocation for rice has been around 2,91,738 metric tonnes, and for atta has been 3,69,947 metric tonnes. The distribution in the first phase, between October 2023 to June 2024, was 15.20 lakh tonnes of wheat flour and 14.58 lakh tonnes of rice. The phase-1 rates were Rs 27.5 per kg for wheat flour and Rs 29 per kg for rice.
The 5kg and 10kg packets of rice and atta of the Bharat brand in this phase will be sold through cooperatives, NCCF, Nafed, Kendriya Bhandar, and e-commerce platforms.
India's retail inflation rose to a nine-month high in September due to higher food prices. Food inflation, which has been a persistent challenge for the last few quarters, rose 9.24% annually in September as compared to 5.66% in August. The government data for October is not yet out.
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