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    HomeNewsBusinessEconomyNeed to tighten monetary policy to cool food prices: IFPRI

    Need to tighten monetary policy to cool food prices: IFPRI

    International Food Policy Research Institute (IFPRI) Asia sees no major issues in production of most agri commodities. According to its director Ashok Gulati, the problem seems to only lie in the case of onions where prices have jacked up dramatically.

    January 07, 2011 / 18:05 IST


    With surging onion prices and the recent ban on onion exports by Pakistan, the New Year has not really begun on the best note for Indian consumers. But there's good news coming in.


    Minister of external affairs, SM Krishna has said that Pakistan has agreed to resume exporting onions to India. Krishna confirmed that the onions will be sent across by sea and land to India.


    Meanwhile, the International Food Policy Research Institute (IFPRI) Asia sees no major issues in production of most agricultural commodities. According to its director Ashok Gulati, the problem seems to only lie in the case of onions where prices have jacked up dramatically.


    He says there is a need to tighten monetary policy to cool food prices. Along with that he sees a need incentivise private sector in cold chain development.

    He also suggests implementation of PPP schemes in seed development. "There is a need to streamline value chain," he explains adding, "Also, there is a need to ensure retailers buy directly from farmers."

    first published: Jan 7, 2011 05:07 pm

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