In a bid to stabilize domestic edible oil prices during the festive season, the Indian government has directed oil associations to maintain existing retail prices until stocks imported at lower customs duties are exhausted. This decision aims to protect local farmers and support domestic production, following recent price reductions driven by increased global production and lower import costs.
Rep. Michael Rulli, a Republican congressman and grocery store owner, expresses concern over Vice President Kamala Harris’ proposal to crack down on grocery price gouging, arguing it could lead to shortages and harm small businesses. Rulli believes the plan would force companies like Procter & Gamble to limit product offerings, ultimately reducing consumer choice and driving small grocery stores out of business.
Sen. Bernie Sanders has voiced his support for Vice President Kamala Harris’ newly unveiled economic policy proposal, praising it as ‘bold and popular.’ The plan, which includes measures to combat corporate ‘price gouging’ in the food industry, expand the child tax credit, and establish a $40 billion fund for affordable housing, has drawn both praise and criticism.
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.
