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Cereal prices rise due to low stocks, high demand amid patchy rains

The centre will bear the entire cost of rice fortification, of about Rs 2,700 crore per annum




Ahead of its meeting, the Reserve Bank of India (RBI) can take some solace from the softening food commodity prices. However, the events surrounding the last few weeks show that the fall may not be uniform across all commodities, and cereals like wheat and rice could be the outliers.


A Reuters report said that…


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