ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Food Policy-At the Speculators Service

Food Policy ONE cannot quite decide whether it was foolery or knavery, or a combination of both. In the name of augmenting supplies in the market, and thereby restraining the forces of inflation, the Food Corporation of India had been pursuing quite an extraordinary policy for the past two years. Beginning with 1949, in the lean season, foodgrain prices would go up but the offtake from the public distribution system would not; the consequence was a steady accretion of stocks in the godowns of the Corporation. Prices soared, procurement

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