ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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availability of a number of key inputs. Price incentive alone will not do, even assuming that the farmer benefits substantially from high market prices, which in the case of edible oils and oilseeds is not always the case. The second option is to take a decision on the price level which the government considers as reasonable from the viewpoint of consumers as well as growers and keep importing oils to the extent necessary for maintaining the desired price level. This has serious foreign exchange implications as there is no knowing how much oil will need to be imported to achieve the desired objective. The third option is to determine the quantum of imports in the light of the balance of payments position and ensure its most efficient use in order to subserve the requirements of the public distribution and also make the maximum impact on the market.

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