Govt keeping close watch on onion, milk prices
12/06/2014 16:42
With onion and milk prices showing an upward cue, the government today said it is closely watching the trend and will take appropriate steps to ensure adequate availability of these commodities in the domestic market, reported PTI. "Onion and milk are important. We are closely observing the price trend and an appropriate action will follow, whenever required," Commerce Secretary Rajeev Kher told reporters. He was replying to a question whether the government is mulling any export restriction considering the possibility of deficit monsoon and rising prices. Onions are costlier by Rs 5/kg in retail markets in most cities compared to last year prices. At present, onion prices are hovering in the range Rs 20-25/kg in Delhi. It was Rs 17/kg in the year-ago period. "Our approach to agri exports is broadly nuanced by the fact that agri exports as far as possible should be open but clearly they are underlined by the attenuating factors of domestic demand and supply," he said. He said the government has reviewed the situation and there is no cause of worry for wheat and rice at present.
12/06/2014 16:42
With onion and milk prices showing an upward cue, the government today said it is closely watching the trend and will take appropriate steps to ensure adequate availability of these commodities in the domestic market, reported PTI. "Onion and milk are important. We are closely observing the price trend and an appropriate action will follow, whenever required," Commerce Secretary Rajeev Kher told reporters. He was replying to a question whether the government is mulling any export restriction considering the possibility of deficit monsoon and rising prices. Onions are costlier by Rs 5/kg in retail markets in most cities compared to last year prices. At present, onion prices are hovering in the range Rs 20-25/kg in Delhi. It was Rs 17/kg in the year-ago period. "Our approach to agri exports is broadly nuanced by the fact that agri exports as far as possible should be open but clearly they are underlined by the attenuating factors of domestic demand and supply," he said. He said the government has reviewed the situation and there is no cause of worry for wheat and rice at present.
