Indian government to focus on stabalizing food prices in 2017
"During 2016, we were able to control the prices of pulses as well as sugar. This year, our focus will be to keep food inflation under check and protect consumers interest," Paswan told the PTI news agency.
With India's demonetisation act put forth this year 86% of banknotes were taken out of circulation leaving many farmers without proper funds for trade. This lead to a drop of 2.1% in retail food inflation but left many farmers furious as the price for their produce plummeted. With more direct management the government hopes to continue to lower inflation and stabilize the agricultural sector.
source: foodnavigator-asia.com
