Impact
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Falls
Answers
Explanation:
Rice prices change from time to time because supply and demand, the factors which determine prices change with respect to each other.
The relative importance of certain parts of demand and supply and their respective influences on prices is of most concern to the farmer.Few of the domestic factors which may affect the Indian rice pricing are:
Overall Production of Basmati and Non-Basmati Rice in India which further depends on seasonal Monsoon across Indian states.
Price of Rice Paddy and ratio of full and broken kernels in milling the paddy.
Domestic demands from Indian consumers.A rapid increase in food grain prices in the first half of 2008 has diverted global attention to the food crisis. ... Poor households spend a substantial portion of their incomes on rice; an increase in rice price is equivalent to a reduction in their real incomes.