Food and Agriculture Minister Sharad Pawar has said that the worst on food inflation front is over and the prices have started coming down, and would ease further in the coming weeks. Mr.Pawar told reporters at the Indian Women's Press Corps in New Delhi that Indian consumers and farmers should look forward for better times. Mr.Pawar also admitted that it is a big challenge to balance the interest of farmers and consumers. Explaining the reasons behind the price rise, the Minister noted that steep hike in the Minimum Support Price, MSP, of foodgrains has driven prices to some extent. Besides, the opening of the economy and integration with the global market also has direct and indirect impact on prices of essential commodities. <br/>
News On AIR | May 14, 2010 2:05 PM
Pawar says, worst on food inflation front is over and prices will further fall in coming weeks