OUR BUREAU, THE HINDU BUSINESS LINE
NEW DELHI, JULY 18:
The Government may consider imposing stockholding limits on various agri-commodities to curb rising prices. It may also review the export policy on agri-commodities such as sugar and rice in August by which time there will be a clearer picture on the monsoons.
“We are reviewing the price situation and are in constant touch with the State Governments. We will also examine the option of imposing stockholding limits on commodities,” said the Food Minister, Mr K.V. Thomas. The Minister was speaking to presspersons after launching a bulletin, ‘Standing on the Threshold: Food justice in India’, brought out by the Institute of Development Studies and Oxfam India.
However, Mr Thomas did not specify the commodities. Previously, the Government had introduced stockholding limits on a host of commodities such as sugar, pulses, onions, wheat and edible oil at various times to control the price rise.
The prices of pulses, sugar, edible oil and foodgrains have firmed up in recent weeks on concerns over tight global supplies and fears of a deficient monsoon impacting domestic output this year.
“There’s nothing to worry about the availability of foodgrains such as rice and wheat as we have sufficient stocks,” Mr Thomas said. Replying to a query, Mr Thomas said the Government will wait until August, by when there will be clearer picture on monsoon, to review its export policy on agri-commodities such as sugar and rice.
NEW DELHI, JULY 18:
The Government may consider imposing stockholding limits on various agri-commodities to curb rising prices. It may also review the export policy on agri-commodities such as sugar and rice in August by which time there will be a clearer picture on the monsoons.
“We are reviewing the price situation and are in constant touch with the State Governments. We will also examine the option of imposing stockholding limits on commodities,” said the Food Minister, Mr K.V. Thomas. The Minister was speaking to presspersons after launching a bulletin, ‘Standing on the Threshold: Food justice in India’, brought out by the Institute of Development Studies and Oxfam India.
However, Mr Thomas did not specify the commodities. Previously, the Government had introduced stockholding limits on a host of commodities such as sugar, pulses, onions, wheat and edible oil at various times to control the price rise.
The prices of pulses, sugar, edible oil and foodgrains have firmed up in recent weeks on concerns over tight global supplies and fears of a deficient monsoon impacting domestic output this year.
“There’s nothing to worry about the availability of foodgrains such as rice and wheat as we have sufficient stocks,” Mr Thomas said. Replying to a query, Mr Thomas said the Government will wait until August, by when there will be clearer picture on monsoon, to review its export policy on agri-commodities such as sugar and rice.
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