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A softer approach on commodities this time even as shortages loom globally

Unlike in the past, the Centre isn't restricting movement within the economy, but has only imposed export curbs. Consequently, there is no rush to use the Essential Commodities Act

Topics
commodities | Commodity prices | Essential Commodities Act

Subhomoy Bhattacharjee  |  New Delhi 



Agriculture, farmers, wheat, procurement, MSP, APMC, commodity
A ban on wheat and sugar exports is already in place, and there is speculation it may extend to cotton as well

There is a difference in the way in which controls are being imposed on in the country this time, in order to deal with the impending global crunch. Unlike the previous episodes, such as the ones in 2011 or 2014 or even somewhat in 2018, this time the central government is not restricting movement within the economy, but has only imposed curbs on exports. Consequently there is no rush to use the Essential Act.

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First Published: Wed, May 25 2022. 15:23 IST

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