Tackling food inflation: Is restricting exports and imposing stocking limits the optimal policy?
By: Gulati, Ashok et al
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Material type: 
BookPublisher: Economic and Political Weekly Description: 58(44). Nov 4, 2023: p.37-42.
In:
Economic and Political WeeklySummary: Retail inflation, measured by the year-on-year consumer price index, reached 6.83% in August 2023, higher than the Reserve Bank of India’s upper tolerance limit of 6%. This surge was driven by soaring food prices. The government has implemented a series of measures, including an export ban on non-basmati white rice, export ban and stocking limits on wheat, a 20% export duty on parboiled rice, a minimum export price of $1,200 per tonne on basmati rice, etc, to contain food inflation. However, these abrupt and stringent market-depressing measures are impacting farmers’ income adversely. A more rational and dependable trade policy that balances the interests of producers and consumers while containing food inflation is advocated.- Reproduced
https://www.epw.in/journal/2023/44/perspectives/tackling-food-inflation.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
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Indian Institute of Public Administration | 58(44). Nov 4, 2023: p.37-42 | Available | AR130959 |
Retail inflation, measured by the year-on-year consumer price index, reached 6.83% in August 2023, higher than the Reserve Bank of India’s upper tolerance limit of 6%. This surge was driven by soaring food prices. The government has implemented a series of measures, including an export ban on non-basmati white rice, export ban and stocking limits on wheat, a 20% export duty on parboiled rice, a minimum export price of $1,200 per tonne on basmati rice, etc, to contain food inflation. However, these abrupt and stringent market-depressing measures are impacting farmers’ income adversely. A more rational and dependable trade policy that balances the interests of producers and consumers while containing food inflation is advocated.- Reproduced
https://www.epw.in/journal/2023/44/perspectives/tackling-food-inflation.html
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