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

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Rough Weather

for Agricultural Costs and Prices (CACP) has made some very pertinent observations on the role of NDDB which merit mention. CACP states that the NDDB has acted as a trader with most favoured status rather than an intervention agency. The quantities of oils released by the NDDB in different months were "too meagre" to make a dent on rising prices in the market. Rather than selling oil at a fixed price its sales were only nominally below the open market prices. CACP opines that in their present form market interventions were unlikely to be of any help either to the producer or to the consumer. It has recommended the setting up of a high-powered committee representing all the concerned ministries to review the entire scheme of market intervention in edible oils to make it consistent with the interests of the farmers and the consumers.

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