Prices of essential commodities decline in September amid proactive measures by Government
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Amid the series of proactive and preemptive measures taken by the Government to augment domestic availability and stabilise prices of essential food commodities, the Ministry of Consumer Affairs, Food & Public Distribution in its latest report has said that the price of essential commodities, especially edible oils, reported a decline in September this year compared to previous years.
The report further noted that the Government is closely monitoring the price situation of all major commodities in wake of geo-political scenarios including extreme weather conditions around the globe. A Committee is in place in the Department of Food & Public Distribution which reviews the prices of all major commodities and appropriate timely measures are taken to keep a check on the prices in view of the interest of the farmers, industry and consumers.
It also added that various measures like reduction in import duties and cess on pulses, rationalisation of tariff, imposition of stock limits on edible oils and oilseeds, buffer stock maintenance of onion and pulses have helped in keeping the commodity prices under control. According to the report, if the commodity-price moderation seen in recent weeks continues, along with an easing of supply-chain pressures, then there will be more relief for consumers.
