Vol. 7, Issue 2 (2019)
Adoption of prevailing best practices and models to stabilize prices of pulse
Author(s): Sharath SY and Shiv Kumar
Abstract: Despite India being largest producer of pulses, it remains consistent importer of pulses every year. Import demand is a function of its prices in domestic and international markets. Demand being fixed, price is mostly determined by extent of supply in the market which includes domestic production, stock and imports. Pulse price inflation has been major concern for policy makers. To put a tab on food inflation, India has come up with various policies like inclusion of pulses in National Food Security Mission (NFSM), inclusion of pulses in The Essential Commodities Act 1955, Accelerated Pulse Production Programme (A3P), etc. There have been developments in strategies and policies by various countries. All national and international strategies and policies review suggest the need to design and develop the overall architecture of market in such a way that it could automatically suck the surplus in peak arrival season and release stock in market when prices start rising. Besides, a system of commodity outlook needs to be put in place to provide insight to policymaker to take decision about time and type of intervention to be done.
Pages: 1363-1368 | 338 Views 48 Downloads
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How to cite this article:
Sharath SY, Shiv Kumar. Adoption of prevailing best practices and models to stabilize prices of pulse. Int J Chem Stud 2019;7(2):1363-1368.
