Private Storage Houses Blamed For Commodity Price Hike

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Home : Industries : Commodities : Private Storage Houses Blamed For Commodity Price Hike Email to a friend \| Print version \| Private Storage Houses Blamed For Commodity Price Hike By Indiapressagency.com on July 14,2006 Related news » AWB Bags $180m India Wheat Deal by correspondent posted on Sep 12,2006 » Allendale Early Calls: Bids Pulled Back From Last Week, Corn Lower (CattleNetwork.com) by Yahoo! News Search Results for posted on Mar 29,2007 » Govt Annnounces 5% DA Increase For Centre Staff by Newsdesk posted on Sep 08,2006 » Atta-boy! Flour price to fall further - The Tribune by india prices - Google News posted on Mar 26,2007 » Inflation Touches Breaches 5% Mark by reporter posted on Sep 08,2006 The Fair price shop owners have blamed private storage houses for price rise of essential commodities and shortage of wheat in the country. According to All India Fair Price Shop Dealers Federation General Secretary B Basu, corporates like ITC and Reliance have procured much higher quantity of wheat than FCI from the open market by paying procurement price of Rs 7.70 per kg as against MSP of Rs 7 per kg fixed by the government. The central pool FCI could only procure 9.2 million MT of wheat this year as against the target of 16 million MT. 467 times read
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