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LATEST NEWS UPDATES | An intel unit to track food prices -Dipak K Dash

An intel unit to track food prices -Dipak K Dash

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published Published on Oct 13, 2015   modified Modified on Oct 13, 2015
-The Times of India

NEW DELHI: With the abnormal rise in prices of essential commodities such as onions, potatos, pulses, tomatoes and edible oils becoming a seasonal affair, the government is considering creation of a specialized entity that can help forecast demand and supply of such items. It will monitor the situation both in the domestic and international markets.

The issue came up for discussion at the inter-ministerial committee on prices and availability of essential food items chaired by consumer affairs secretary C Vishwanath on Monday. "Every year we are only doing the firefighting, once the prices start increasing. If last year we were grappling with prices of potato, this year it's pulses and onion. Next year it may be another item," said a senior government official justifying the proposal to rope in an expert body that can get real-time data and trends from local markets, future trade and also from the major producers of some of the items across the world.

Sources said that Vishwanath has asked officials from other ministries to give their inputs soon so that the proposal can be formalized. They added there is a need to have a real-time tracking of only a few items. The entity can be asked to get the details of sowing and estimating the likely harvest by taking government and other credible data so that it can suggest measures that need to taken to tackle any crisis.

The move gains significance considering the fact that this year there was forecast of a sharp fall in domestic production of pulses and arhar in particular. Though government took a decision to import arhar in big quantity, it later came to light that there was less production even in other countries that are major pulse producing nations.

"All discussions regarding the medium and long-term measures are held only during the months of crisis. Then everyone forgets until another crisis surfaces. We need to put a system in place that can alert us to take necessary steps. In certain cases we may have to import items like pulses and oilseeds well in advance," said a consumer affairs ministry official.

The inter-ministerial panel was informed on Monday that all arrangements have been made at Kendriya Bhandars in Delhi to sell arhar in Delhi from Thursday and Safal will also sell it through its outlets by this weekend.

"Imported dal is also being allocated to other states as per their requests received. Allocations to Andhra Pradesh and Tamil Nadu have been made. The committee was also informed that a bid to import further 2,000 tonnes of arhar has been floated by MMTC. It will open on October 16 and this will reach Indian ports by November," said a ministry official.


The Times of India, 13 October, 2015, http://timesofindia.indiatimes.com/india/An-intel-unit-to-track-food-prices/articleshow/49330968.cms


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