The govt on Friday reduced the reserve price of rice stored with the Food Corporation of India (FCI) by Rs 550 per quintal for ethanol producers and states to boost sales and support food security measures. The reserve price of rice has been fixed at Rs 2,250 per quintal for sale to state govts, state govt corporations, and community kitchens, requirement of participating in e-auctions. The reserve price of rice for sale to ethanol distilleries for the production of ethanol has also been fixed at Rs 2,250 per quintal. The earlier reserve price was Rs 2,800 per quintal.
Comments