320-x-100_uti_gold.jpg" alt="Advertisement">
Prices of essential food items to remain stable during festival season: Food Secretary
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Union Food Secretary Sanjeev Chopra has said that prices of essential food items will remain stable during the festival season. He said the decision on allowing sugar exports during the current 2023-24 marketing year (October-September) will be taken after the agriculture ministry comes out with the production estimates of sugarcane.
The secretary said the government has taken some decisions recently to ensure price stabilisation. The government has recently used all tools at its command, whether trade policy or stock limit norms. These tools have been used judiciously to ensure prices remain stable to check prices, Chopra noted. He noted that sugar opening stock stood at 57 lakh tonnes on October 1, the start of the new marketing year.
On October 18, 2023, the government again extended restrictions on sugar exports beyond October 31 this year and till further orders, a move aimed at increasing the availability of the commodity in the domestic market during the festive season. Earlier, the restrictions were imposed until October 31 this year.
