After rice, govt may consider steps to arrest price rise in pulses, wheat: Source
After the export ban on rice, the government may consider measures to arrest the rise in the prices of pulses and wheat, a government official aware of the matter said.
“Prices have firmed up, so it is important to look at policy measures. Options on the table include tweaking import and customs duties, export-related steps for certain varieties of these commodities, as well as other moves to smoothen out the demand-supply scenario,’’ said the official.
Certain measures are already in place to keep a lid on prices. The government has not yet lifted the ban on wheat exports in place since May last year, and for pulses the customs duty of 10 percent on tur and urad continues to remain nil, till the end of FY2023-24.
On July 20, to check the rise in domestic prices, the government banned the export of non-basmati white rice, according to a notification of the directorate general of foreign trade (DGFT). Rice has seen a 12.97 percent upswing on-year.
