December 15, 2021 8:10 PM

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Centre sets up Price Stabilization Fund to moderate the prices of Agro commodities: Govt in Lok Sabha

The Centre has set up the Price Stabilization Fund to tackle price volatility of agro commodities such as onion, potato, and pulses to protect the interests of consumers. This was stated by Minister of State for Consumer Affairs, Food and Public Distribution, Ashwini Kumar Choubey in a written reply in the Lok Sabha today.<br />'' <br />'' The Minister said, buffer stocks of pulses and onion are maintained under price stabilization fund to moderate the prices. He said, these efforts deter speculative and hoarding activities. He added, the Government has issued advisory to States and Union Territories to set up the State-level Price Stabilisation Fund corpus. He said, a buffer stock of more than two lakh metric tonnes of onion has been maintained in this fiscal year.<br />''  

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