Despite ample paddy stocks in Andhra Pradesh, rice prices are on the rise. This trend has been observed over the past three months, placing a burden on consumers.
Normally, there is an opportunity to store paddy for three months. However, even with the capacity to store paddy from the last three seasons, market sources indicate that millers and traders are creating an artificial scarcity.
Paddy yields have been as expected. Farmers cultivated paddy over the past three months, and the harvest was good.
Nevertheless, the increase in rice prices in the market is a cause for concern. Analysts believe this is due to an artificial shortage.
Trade circles state that millers and traders are hoarding paddy and releasing less into the market, which is driving up prices.
Consumers are urging the government to take immediate action to control this situation.
