Trying to rein in food inflation: Pranab
July 17th, 2011 - 8:08 pm ICT by IANS
Kolkata, July 17 (IANS) Holding low production of foodgrain responsible for rising prices, Union Finance Minister Pranab Mukherjee Sunday said the central government is trying to rein in the food inflation.
“Prices of foodgrain increased due to low level of production. We need a total of 19 million tonnes of foodgrain, but our total production is 14 million tonnes. This time, the production of pulses has increased,” Mukherjee told reporters here.
He said high procurement prices of foodgrain was also contributing to the inflation.
“Earlier, procurement price of one quintal of paddy was Rs.600, now it is Rs.1,100. The central government collects one third of the total foodgrain production. The procurement prices are determining the benchmark of market prices,” he said.
“We are trying to reduce food price inflation,” he added.
- Farmer suicides spark Bengal political storm (West Bengal Newsletter) - Jan 22, 2012
- Jharkhand sets up 500 paddy procurement centres - Aug 05, 2011
- Bihar procures 16 lakh tonnes of paddy - Mar 16, 2012
- Falling rupee a serious concern: Commerce minister - May 23, 2012
- Bihar procures record paddy but farmers' cheques bounce - Apr 07, 2012
- Jharkhand produces record Kharif crop - Jan 29, 2012
- Hoarding, hike in procurement pushed up food inflation: Pranab - Dec 24, 2009
- Bihar buys six crore gunny bags - Feb 14, 2012
- Government reviews food security bill - Feb 29, 2012
- Priority to more foodgrain production to curb inflation: Pranab - Mar 01, 2011
- Haryana paddy procurement to begin Oct 1 - Sep 22, 2011
- Punjab farmers get Rs.12,800 crore for bumper paddy crop - Nov 18, 2009
- Assam farmers losing interest in rice cultivation - Mar 15, 2012
- Plan outlay for agriculture up by 18 percent in budget (Lead) - Mar 16, 2012
- Haryana seeks Rs.1,800 MSP for paddy - Feb 17, 2012
Tags: benchmark, central government, food price, july 17, kolkata, pranab mukherjee, price inflation, procurement price, procurement prices, pulses, quintal, tonnes, union finance minister