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In Lockdown, Volatility Marks Price Rise in Potatoes, Onions, Pulses and Sugar
In Lockdown, Volatility Marks Price Rise in Potatoes, Onions, Pulses and Sugar
Increase of demand is the main reason for high price for pulse. During
lockdown the fear of availability trigger the demand for that reason
inconsistent in supply stability occurs. ( Ashok Gulati, economist and Infosys
Chair Professor for Agriculture at ICRIER, said.)
“In case of pulses, when people know they can’t go out and are unsure about
availability of milk and vegetables, there is a sudden spike in demand for
pulses because people are buying higher quantities,”
Example -The FAO Vegetable Oil Index declined 10.3 percent from January
2020, with worldwide palm oil costs falling by much more by virtue of
higher-than-anticipated yield in Malaysia, a transitory drop in India's import
interest and worries over the spread of COVID-19.
In a crisis like the current novel COVID-19 episode, the weakest nations
frequently endure the most, in lost lives and jobs.