Look who’s hoarding

While governments, in the past, have been quick to blame hoarders for rising food prices, it’s important to note the biggest hoarder appears to be the government itself. As compared to the 212 lakh tonnes that the government is supposed to be carrying by way of a buffer stock as well as a strategic reserve of both rice and wheat in October—the figure varies from season to season and rises to a high of 319 lakh tonnes on July 1—the government’s stock position is several times this.

Read Full Story>>