Government Ensures Price Stability Amid West Asia Tensions
No unusual price volatility despite West Asia tensions, Government says; ample food stocks in place
The Economic TimesImage: The Economic Times
The Indian government has reported stable prices for essential commodities despite ongoing tensions in West Asia. Anupam Mishra, additional secretary in the Department of Consumer Affairs, confirmed that there is no unusual price volatility and that adequate food stocks are in place to prevent shortages.
- 01No unusual price volatility for essential commodities despite West Asia tensions.
- 02Government monitoring prices of 40 essential commodities daily across 528 centers.
- 03Buffer stocks of pulses at approximately 28 lakh tonnes; wheat and rice stocks significantly exceed norms.
- 04States urged to combat hoarding and black marketing under the Essential Commodities Act.
- 05Domestic availability of edible oils remains stable, supported by steady imports.
Advertisement
In-Article Ad
The Indian government has assured that prices of essential commodities remain stable amid the ongoing crisis in West Asia. Anupam Mishra, additional secretary in the Department of Consumer Affairs, stated there has been no unusual price volatility, with the department monitoring prices of 40 essential commodities daily across 528 centers. The government is ensuring adequate supply and preventing hoarding and black marketing. Current buffer stocks of pulses are around 28 lakh tonnes, while wheat and rice stocks are approximately 222 lakh tonnes and 380 lakh tonnes, respectively, which is nearly three times the buffer stock norms. The government has also instructed states to take action against hoarding under the Essential Commodities Act, 1955. Additionally, domestic availability of edible oils remains comfortable, supported by imports from countries like Indonesia and Malaysia. Retail sugar prices have also shown stability.
Advertisement
In-Article Ad
Stable prices for essential commodities will help consumers avoid price hikes during global crises, ensuring affordability for food and essential goods.
Advertisement
In-Article Ad
Reader Poll
Do you think the government is doing enough to maintain price stability?
Connecting to poll...
Read the original article
Visit the source for the complete story.

