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The sale is scheduled to begin after the State-level inauguration of K Rice.
The adjustment marks the first change since 2014, as prices were maintained untouched during the tenure of the first Left Democratic Front (LDF) government.
The circular explained that the restriction aims to safeguard commercial interests due to competition with other retail outlets.
The subsidy of 13 essential items sold through Supplyco has been decreased to 35 per cent from 75 per cent.
Thiruvananthapuram: After elaborate deliberations, the Kerala Government has decided to increase the prices of 13 essential food items distributed through Supplyco outlets. The prices of these items were kept low based on subsidies of up to 70 per cent. However, following the latest decision of the
Talking to Manorama News, he clarified that the price hike in Supplyco will come into effect only with the issue of the next tender for purchasing products.
The minister made the provocative insinuation that the UDF, by speaking of Supplyco's problems, was making way for the entry of big corporate houses to Kerala's retail sector.
In a financial year, Supplyco allocates more than Rs 350 crore for subsidies, with the government granting Rs 190 crore for market intervention.
Christmas markets were opened in all the districts last year, this time around, they have been restricted to Thiruvananthapuram, Kollam, Pathanamthitta, Kottayam, Ernakulam, and Thrissur.
It is learnt that Supplyco has already approached the Beverages Corporation to know about its operations.