Japan Urges Calm Amidst Megaquake Fears, Hoarding Spikes

Following a magnitude 7.1 earthquake in southern Japan, authorities are urging the public to avoid hoarding essential supplies as fear of a potential megaquake drives up demand for disaster kits and necessities. While the risk of a major earthquake is elevated, experts emphasize it remains low, urging calm and responsible purchasing.

Government Cracks Down on Pulse Hoarding Amid Soaring Prices

Concerned about rising pulse prices, the Indian government is dispatching officials to assess stockpiles and potential hoarding. The crackdown will focus on major pulse-producing states like Maharashtra, Madhya Pradesh, and Gujarat. The government suspects that traders are hoarding pulses in anticipation of further price increases. The move aligns with efforts to boost pulse supply and stabilize prices, including duty-free imports of yellow peas. Despite imports, prices of chana and urad remain high, prompting the government’s investigation into supply chain disruptions or market manipulation.

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