Costs of important meals objects to stay secure throughout festive season: Meals Secy Sanjeev Chopra

The choice on permitting sugar exports throughout the present 2023-24 advertising yr (October-September) might be taken after the agriculture ministry comes out with the manufacturing estimates of sugarcane, he added.

The secretary was briefing the media on the home provide and costs of key important meals objects like wheat, rice, sugar and edible oils.

“Costs are anticipated to stay secure throughout the competition season. We’re not anticipating any method of hike (in meals merchandise costs) within the competition season. Hopefully, costs ought to rule secure within the subsequent couple of months,” Chopra instructed reporters right here.

The federal government has taken some choices lately to make sure value stabilisation, the secretary mentioned.

The federal government has lately used all instruments at its command, whether or not commerce coverage or inventory restrict norms. These instruments have been used judiciously to make sure costs stay secure to verify costs, Chopra famous.Sugar opening inventory stood at 57 lakh tonnes on October 1, the beginning of the brand new advertising yr, Chopra famous.On Wednesday, the federal government once more prolonged restrictions on sugar exports past October 31 this yr and until additional orders, a transfer geared toward rising the supply of the commodity within the home market throughout the festive season.

Earlier, the restrictions had been imposed till October 31 this yr.

“Restriction on export of Sugar (Uncooked Sugar, White Sugar, Refined Sugar and Natural sugar) is prolonged past October 31, 2023 until additional order. Different circumstances will stay unchanged,” the Directorate Basic of international commerce (DGFT) mentioned in a notification.