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Business News›Industry›Cons. Products›Food›Steps to stabilise food prices: Govt




STEPS TO STABILISE FOOD PRICES: GOVT

SECTIONS
Steps to stabilise food prices: Govt
ET BureauLast Updated: May 26, 2022, 10:55 AM IST
Synopsis


THE GOVERNMENT HAD ON TUESDAY DECIDED TO CAP EXPORT OF SUGAR (RAW, REFINED AND
WHITE SUGAR) AT 10 MILLION TONNES IN THE CURRENT SUGAR SEASON FROM JUNE 1, 2022,
AND EXEMPT CUSTOMS DUTY AND AGRICULTURE INFRASTRUCTURE DEVELOPMENT CESS ON 2
MILLION METRIC TONNES EACH OF IMPORTED CRUDE SOYABEAN AND SUNFLOWER OIL PER YEAR
FOR TWO YEARS.


Sugar exports curb precautionary step to ensure enough supply in festive season
in Oct-Nov: Food Secretary


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Decisions to restrict sugar exports and allow duty-free imports of crude
soyabean and sunflower oil are "precautionary, price monitoring mechanism" to
stabilise prices of food items, the government said on Wednesday.

"The idea is to have stable prices and no undue spike (in prices) resulting from
shortage," said Sudhanshu Pandey, secretary, food and public distribution, said
during a media briefing.

The government had on Tuesday decided to cap export of sugar (raw, refined and
white sugar) at 10 million tonnes in the current sugar season from June 1, 2022,
and exempt customs duty and agriculture infrastructure development cess on 2
million metric tonnes each of imported crude soyabean and sunflower oil per year
for two years.



These are the latest in a series of measures the government has announced in
recent days to check rising prices across almost all items from fuel to
vegetables and cooking oil. On Saturday, it had cut excise duty on petrol and
diesel by ₹8 and ₹6 per litre, respectively.

( Originally published on May 25, 2022 )
In Video: Sugar exports curb precautionary step to ensure enough supply in
festive season in Oct-Nov: Food Secretary





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Copyright © 2022 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint
rights: Times Syndication Service


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 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Times Prime coupon code will be sent to
   registered email address within 10 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Times Prime coupon code to their
   registered email address within 10 working days from the payment completion.
 * Users are required to redeem their Times Prime coupon code on or before
   31-12-2022.
 * ET Prime solely reserves the right to resolve this issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at
   :etprime.com/terms-conditions.
 * Times Prime subscription offers the below benefits:-
   
   * Hotstar + Disney : 6 months subscription worth Rs. 450
   * SonyLiv: 6 month subscription worth Rs. 699
   * Headspace: 6 months subscription worth Rs. 449
   * TOI+ : 12 months subscription worth Rs. 650
   * Gaana+: 1-year subscription worth Rs. 399
   * Myntra: 15% discount over & above
   * Uber: 20% off on rides
   * Chaayos: Complimentary chai
 * Times Prime reserves the right to add/modify/delete any of the benefits at
   its own discretion.
 * Times Prime terms and conditions shall apply at all times..
 * In case of any concerns, the user may reach out to us at :care@etprime.com.

The only global membership video-on-demand platform for streaming documentaries.
Explore, question and discover real stories that enlighten, enchant and
entertain.

Features:
 * A new release every day
 * Stream on multiple screens
 * Award winning documentaries from 100+ countries
 * Stunning 4K & HD quality
 * Wide range of topics including Travel, Culture, Science, Crime, Nature,
   History and more


 * TERMS & CONDITIONS

 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Docubay coupon code will be sent to the
   registered email address within 15 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Docubay coupon code to their registered
   email address within 15 working days from the payment completion.
 * Users are required to redeem their Docubay coupon code on or before
   30-6-2022.
 * ET Prime solely reserves the right to resolve any issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions.
 * The above mentioned offers are indicative and may change over time.
 * A new release every day
 * Docubay terms and conditions shall apply at all times.


ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS




TERMS & CONDITIONS

 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Times Prime coupon code will be sent to
   registered email address within 10 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Times Prime coupon code to their
   registered email address within 10 working days from the payment completion.
 * Users are required to redeem their Times Prime coupon code on or before
   31-12-2022.
 * ET Prime solely reserves the right to resolve this issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at
   :etprime.com/terms-conditions.
 * Times Prime subscription offers the below benefits:-
   
   * Hotstar + Disney : 6 months subscription worth Rs. 450
   * SonyLiv: 6 month subscription worth Rs. 699
   * Headspace: 6 months subscription worth Rs. 449
   * TOI+ : 12 months subscription worth Rs. 650
   * Gaana+: 1-year subscription worth Rs. 399
   * Myntra: 15% discount over & above
   * Uber: 20% off on rides
   * Chaayos: Complimentary chai
 * Times Prime reserves the right to add/modify/delete any of the benefits at
   its own discretion.
 * Times Prime terms and conditions shall apply at all times..
 * In case of any concerns, the user may reach out to us at :care@etprime.com.

The only global membership video-on-demand platform for streaming documentaries.
Explore, question and discover real stories that enlighten, enchant and
entertain.

Features:
 * A new release every day
 * Stream on multiple screens
 * Award winning documentaries from 100+ countries
 * Stunning 4K & HD quality
 * Wide range of topics including Travel, Culture, Science, Crime, Nature,
   History and more


 * TERMS & CONDITIONS

 * The offer is applicable for all users buying/renewing the Annual plan or
   2-year plan.
 * Post the free trial of 15 days, the Docubay coupon code will be sent to the
   registered email address within 15 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Docubay coupon code to their registered
   email address within 15 working days from the payment completion.
 * Users are required to redeem their Docubay coupon code on or before
   30-6-2022.
 * ET Prime solely reserves the right to resolve any issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions.
 * The above mentioned offers are indicative and may change over time.
 * A new release every day
 * Docubay terms and conditions shall apply at all times.

Get One Year Docubay Subscription worth ₹999 for free

Stream award-winning international documentaries from more than 100 countries.
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2Complimentary Stock Reports Plus worth ₹1,499

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What you get with Stock Reports Plus?

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with proprietary stock scores on earnings, fundamentals, relative valuation,
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of company and its peers through independent research, ratings, and market data

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Access the exclusive Economic Times

Stories, Editorial & Expert opinion

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 * Access our Rich Archive of stories & use it for research & reference

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Clean experience

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Sharp Insight-rich,

In-depth stories across 20+ sectors

Detailed analysis & insights on sectors you care about

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6Member only Newsletters

Never miss a story that matters

PrimeShots

Sharp, short, snappy insights to help you stay up-to-date in under 120 seconds!

Today's Edition

Daily edition of latest ET Prime stories

Prime Vantage

The classic weekend read.

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Gift a story

Your membership includes story gifting credits. Now gift exclusive stories to
your friends & peers.

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8

Comment & Engage

with ET Prime community

Communicate & build a connection with great minds of the industry

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9Members Love Us
The stalwarts of the industry trust ET Prime for insightful analysis & unbiased
thought pieces
 * Given the information overload these days and a rapidly changing business
   environment, you look out for analyses that draw perspective and insights. ET
   Prime is one such platform that has raised the bar in providing this analyses
   consistently and have redefined journalism away from just reporting. I have
   had many conversations with their journalists in the areas of Fintech,
   Consumer and Banking and have come out quite impressed with the depth of
   their understanding. Infact their reporting on Fintech has been quite
   prescient.
   Rajeev Ahuja
   Executive Director, RBL Bank
 * Thanks ET Prime for sharing such a strong perspective with all facts, figures
   and quotes from eminent industry stalwarts.
   Vikash Mohan
   CEO, DHL SmarTrucking
 * I have been reading ET prime probably since inception. The reason I read ,
   especially healthcare , is because the issues are discussed at length and
   cover most aspects of the issue. Also there is scholarly treatment to
   discussions and all sides represented. There is no shortcut and normally
   stories end with a question that we keep thinking about. That is what we want
   to read as serious readers and students of the industry.
   Sanjiv Navangul
   CEO and MD, Bharat Serums and Vaccines
 * In-depth understanding of aviation issues at hand combined with the ability
   to get experts and decision makers to open up with great detail enables the
   articles on ET Prime provide insight that adds value to experts and industry
   insiders.This is not an easy task and that makes ET Prime an invaluable part
   of the daily routine.
   Balu Ramachandran
   Senior Vice President, Cleartrip

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10A trusted team of Journalists & Analysts

Unbiased perspective & detailed reporting by our team of journalists who have
in-depth knowledge and years of experience

 * Shishir Prasad
   
   Editor
   
   Two decades of tracking strategy, technology, and money. Loves stories that
   combine logic and aesthetics.

 * Aesha Datta
   
   Assistant Editor, Environment
   
   Impassioned observer of the business of climate change

 * Ami Shah
   
   Senior Assistant Editor, Markets
   
   Keeps an eye on everything related to stock markets

 * Anand J
   
   Assistant Editor, Fintech and Internet Economy
   
   Covering Indian startup ecosystem and technology. Looking deeper into
   fintech.

 * Garima Manon
   
   Editorial Coordinator
   
   Monitoring every part of a story life cycle - from commissioning to
   publishing - and making sure nothing slips through the cracks.

 * Isha Trivedi
   
   Assistant Editor, Pharma and Healthcare
   
   Detail-oriented pharma business specialist

 * Jochelle Mendonca
   
   Assistant Editor, Enterprise IT
   
   Covering India's IT services industry and enterprise technology

 * Jyotindra Dubey
   
   Associate Editor, Corporate and Regulatory Affairs
   
   Poring at financials to check for things that don't add up

 * Kanika Saxena
   
   Correspondent, Technology
   
   A tech geek on the lookout for misinformation and privacy breaches.

 * Manali Ghosh
   
   Senior Graphics Designer
   
   Information designer and visual storyteller

 * Kankana Roy Choudhury
   
   Senior Editor
   
   Journalist, storyteller, dancer, Hindi-film encyclopaedia

 * Mugdha Variyar
   
   Assistant Editor - Consumer Internet
   
   Unravelling stories behind the apps you use.

 * Manu P Toms
   
   Editor, Venture Capital and Internet Economy
   
   New-economy veteran

 * Mitali Sharma
   
   Editorial Operations Associate
   
   I sing on the chords of content and operations!

 * Mohammad Arshad
   
   Senior Graphics Designer
   
   I visualise data, infographics, and illustrations

 * Moinak Choudhury
   
   Senior Editor
   
   I sub stories and ensure that the edition is put to bed within deadlines.

 * Monika Majumder
   
   Digital Content Creator
   
   A passionate learner with a penchant for written words

 * Muhabit ul haq
   
   Senior Image Researcher
   
   Visual storyteller

 * N Sundaresha Subramanian
   
   Editor, Corporate and Regulatory Affairs
   
   Number reader, fine-print cracker, money follower, underdog lover

 * Nirmal John
   
   Editor, Emerging Technologies and Cybersecurity
   
   Author of India’s first book with true stories of cybercrime and data theft

 * Prashant Mukherjee
   
   Assistant Editor, Energy
   
   Covering oil, gas, and renewables. In my free time I dabble in derivatives
   and music

 * Pravin Palande
   
   Editor, Markets and Finance
   
   Markets and investment specialist

 * Priyanka Sahay
   
   Assistant Editor
   
   

 * Priyanka Salve
   
   Senior Staff Writer
   
   Covering the economy's building blocks

 * Richa Sharma
   
   Digital Content Creator
   
   Academics, art, and articulation drive my joy!

 * Rajiv Ghosh
   
   Principal Analyst, Auto
   
   Analyst-journalist strolling the corridors of auto innovation

 * Rishi Tejpal
   
   Lead, Telecom
   
   Fourteen years across critical functions in the telecom industry

 * Rochelle Britto
   
   Research and Data Analyst
   
   Resident numbers lady

 * Sadhana Saxena
   
   Chief Graphics Designer
   
   I use my experience of more than two decades with leading media houses to
   generate new design solutions and ideas.

 * Santanu Bose
   
   Senior Editor
   
   Newsroom leader with nearly two decades in top-tier media houses

 * Sandhya Sharma
   
   Editor, Technology Policy and Foreign Policy
   
   Cyber-law expert, policy geek, China observer. Tracks strategic technologies
   and geopolitics.

 * Shabori Das
   
   Senior Staff Writer, Consumer, Technology, and Startups
   
   Tracking technology's hand in what and how we consume

 * Shubhangi Palve
   
   Staff Writer - Defence
   
   Keeping a hawk eye on defence industry.

 * Sudipto Dey
   
   Senior Associate Editor - ESG
   
   Tracking all thing ESG, and more

 * Swathi Moorthy
   
   Senior Staff Writer - Technology
   
   Covering all things in the Web3 universe.

 * Shobha Mathur
   
   Consulting Editor, Auto
   
   Industry veteran- passionate about passenger vehicles

 * Sunny Verma
   
   Senior Assistant Editor - Markets and Economy
   
   Explore issues from the crossroads where forces of markets and economy meet.

 * Sumit Kumar
   
   Senior Editor
   
   An editor in love with stories for over a decade

 * Swagata Panjari
   
   Staff Writer, OTT
   
   Media and entertainment industry analyst, music lover, writer, and dreamer

 * Tarun Shukla
   
   Editor, Aviation and Defence
   
   Award-winning investigative journalist and flying-objects geek

 * Taslima Khan
   
   Assistant Editor, Technology and Logistics
   
   Writes behind the wheels of logistics. Covers trucking, old economy companies
   and new age startups.

 * Vikas Dandekar
   
   Editor, Pharma and Healthcare
   
   India’s pre-eminent pharma reporter with over two decades in the business

 * Varsha Santosh
   
   Correspondent, Money and Markets
   
   Juggling with data

 * Vyas Mohan
   
   Senior Sub-Editor
   
   I have 15 years of experience. I moved to ET Prime’s rewrite team from the
   Asia desk of Thomson Reuters.

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Subscribe Now


FREQUENTLY ASKED QUESTIONS


WHAT DO I GET WITH AN ET PRIME MEMBERSHIP?

AN ET PRIME MEMBERSHIP GETS YOU

 * Unlimited access to all ET Prime content on all platforms (our desktop site
   and mobile sites, and iPhone and Android apps)
 * Access to all community discussions on ET Prime, and the opportunity to
   become a contributor
 * Invites to ET Prime members-only events


DO I NEED TO CREATE AN ACCOUNT TO BUY A MEMBERSHIP?

You may choose to complete your payment without creating an account with us.
However, in order to start using ET Prime, you need to create an account using
your e-mail ID or any of your social accounts.


CAN I BUY A MEMBERSHIP TO ONLY THE DESKTOP SITE OR APP?

No, a membership gets you access on all platforms.


WHAT IS YOUR CANCELLATION POLICY?

If you cancel your membership within your trial period, we offer 100% refund.
For cancellation after trial period, there is no refund.


WHAT IS THE DURATION OF THE TRIAL PERIOD?

The quarterly membership plan comes with a 7-day trial period.
The yearly membership plan comes with a 15-day trial period.


WHAT TYPES OF PAYMENT DO YOU ACCEPT?

We accept payment via credit cards, debit cards, net banking, and wallets.


I DON'T LIVE IN INDIA. CAN I STILL BECOME A MEMBER?

Yes, you can become an ET Prime member from anywhere in the world. Annual
International subscription is available at USD 99 only. For international
subcription, drop us an email at care@etprime.com.


WILL MY MEMBERSHIP BE RENEWED AUTOMATICALLY?

Membership purchased through all credit cards and some debit cards will be
automatically renewed. We will inform you before the renewal is due. You can
cancel the auto-renewal any time from within your profile settings.


I HAVE PAID FOR A MEMBERSHIP, BUT DID NOT CREATE AN ACCOUNT. WHAT SHOULD I DO?

To reclaim your membership, please reach us at care@etprime.com


HOW DO I GET AN INVOICE FOR MY MEMBERSHIP?

Your invoice is available within the settings section.


DO I ALSO GET THE ECONOMIC TIMES NEWSPAPER AT HOME WITH THIS MEMBERSHIP?

No, this is a membership to only ET Prime.


WHAT IF I DON'T WANT TO BECOME A MEMBER? CAN I STILL READ SOME ARTICLES FOR
FREE?

A very small portion of our stories are free to read. You can access them by
signing in.


DO I ALSO GET THE ECONOMIC TIMES EPAPER ACCESS WITH THIS MEMBERSHIP?

No, this membership is only for ETPrime, while for the epaper access you would
need to purchase a separate subscription.

The only global membership video-on-demand platform for streaming documentaries.
Explore, question and discover real stories that enlighten, enchant and
entertain.

Features:
 * A new release every day
 * Stream on multiple screens
 * Award winning documentaries from 100+ countries
 * Stunning 4K & HD quality
 * Wide range of topics including Travel, Culture, Science, Crime, Nature,
   History and more


 * TERMS & CONDITIONS

 * The offer is applicable for all users within India buying/renewing the Annual
   plan or 2-year plan.
 * Post the free trial of 15 days, the Docubay coupon code will be sent to the
   registered email address within 15 working days from completion of the trial
   period.
 * For existing users (renewing users) or users who have exhausted their trial
   period in the past, will receive the Docubay coupon code to their registered
   email address within 15 working days from the payment completion.
 * Users are required to redeem their Docubay coupon code on or before
   01-06-2021.
 * ET Prime solely reserves the right to resolve any issue as per the company
   policy. In any event. whatsoever, ET Prime's liability will not exceed the
   amount paid by the user during the transaction.
 * ET Prime reserves the right to withdraw or modify this offer without any
   liability at its own discretion.
 * These terms shall at all times be read and understood in conjunction with the
   T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions.
 * The above mentioned offers are indicative and may change over time.
 * Docubay terms and conditions shall apply at all times.


WHY ?

 * Exclusive Economic Times Stories, Editorials & Expert opinion across 20+
   sectors

 * Stock analysis. Market Research. Industry Trends on 4000+ Stocks

 * Clean experience with
   Minimal Ads
 * Comment & Engage with ET Prime community
 * Exclusive invites to Virtual Events with Industry Leaders
 * A trusted team of Journalists & Analysts who can best filter signal from
   noise
   

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