In preparation for the upcoming general election, government officials have ramped up monitoring of agricultural commodity companies and traders to curb food price inflation, according to informed sources.
Reports suggest that nearly 80 sugar firms have faced penalties for exceeding their allotted quotas, while wheat companies have been instructed to disclose their stock levels during the harvest season. Additionally, rice exporters have been mandated to pay export duties on freight charges to discourage excessive exports.
The Ministry of Consumer Affairs, Food, and Public Distribution has taken stringent action by deducting 25% of the April quota from certain major sugar producers due to sales exceeding the allotted quantity in January.
These measures aim to stabilize domestic prices of essential commodities such as sugar, wheat, and rice by regulating supply and curbing excessive exports. The government's initiative reflects its commitment to mitigating food price inflation, particularly amidst recent significant increases in cereal, vegetable, and pulse prices, ensuring affordability during the high-demand election period.
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