Instead of abrupt and stringent measures, Modi govt should focus on long-term solutions to tackle fluctuations in the prices of agricultural commodities.
As of 31 July, agencies have procured over 1.8 LMT of onions — 90% of the aimed buffer stock. This will help price stabilising market interventions should they be needed.
In January this year, India and Bangladesh had reached an agreement that New Delhi will keep Dhaka informed of any such move on onion export in future.
Until last week, 18,000 MT of imported onion had arrived but states have only bought 3,000 MT. Modi govt is offering Bangladesh a lower price to buy stock.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
COMMENTS