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The Indian Government will import those food items, especially, pulses and edible oil, that are in short of supply to meet the demand, because of this year's deficient monsoon, reports PTI.
Finance Minister Pranab Mukherjee said this while addressing state agriculture ministers, adding that once the announcement of a big import was made, the market prices were hiked. He said the timing of imports would not be announced, as it might result in artificial hike in prices globally. Drought was impacting the production adversely besides having a cascading effect.
However, he assured the country that the government was experienced to deal with such situations. The government would have an estimated 18 million tonnes of wheat as of April 1, next year and 13.6 million tonnes of rice as of October 1, this year. The existing buffer stocks were more than adequate to meet the demands and would give some relief during the drought period.
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