| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Condiments & Ingredients » Oil & Fats » Topic

India may impose stock holding restrictions on food items

Zoom in font  Zoom out font Published: 2012-07-20  Origin: FBR  Views: 79
Core Tip: India is mulling over imposing stock holding restrictions on food commodities including pulses and edible oils, in order to control the increase in prices.
According to Food Minister K V Thomas, the government is closely evaluating the price rise every day and is in discussion with state governments.

By imposing stock holding limits, the government will be able to prevent traders from holding excess stocks. Earlier, the government had lifted the restrictions on holding limits in response to surplus production, reported the Economic Times.

Currently, the government is not worried about prices of food grains and sugar due to the surplus production, but is concerned about pulses production, which may decline this year due to poor monsoon.

Monsoon, which plays an important role in Indian agriculture, is down by 21% in the country this year.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate