Business · India Bureau
Telangana warns millers against price hikes amid surplus rice stocks
State civil supplies officials have cautioned rice millers against artificial price increases, citing abundant old grain inventories. The warning comes with threats of legal action against those engaged in hoarding or creating artificial scarcity.
LSN India ·
The Telangana Civil Supplies Department has issued a strong warning to rice millers across the state, instructing them against raising prices abnormally despite market pressures. Officials emphasized that existing stockpiles of older rice varieties remain substantial, negating any justification for significant price escalation.
Department representatives held discussions with milling industry representatives, making clear the regulatory constraints on pricing mechanisms. The state government indicated it would not tolerate attempts to artificially restrict supply or create artificial scarcity conditions that could destabilize grain markets.
State authorities have warned of stringent legal consequences for any miller found engaging in illegal hoarding practices or deliberately manipulating market conditions. The cautionary notice reflects growing concern over potential supply chain disruptions that could affect grain availability for consumers across the state.
Telangana's rice inventory situation remains comfortable, with adequate reserves from previous procurement cycles. Officials indicated they would maintain close monitoring of milling operations and grain distribution networks to ensure market stability and fair pricing throughout the supply chain.