ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Fair Crop Prospects

August 17, 1968 been raised twice and the total increase ranges from Rs 440 to Rs 730 a tonne, varying with the zone. The latest revised prices effective from August 12 are: north zone Rs 2,760 a tonne, west and east zone Rs 2,850 each and south zone Rs 2,550. , One would not like the Corporation to gift away its oil or forego a profit which would otherwise accrue to the manufacturer or the trader without benefiting the ordinary consumer. But the Corporation should not blindly follow the market, it should also seek to influence it at times. At a time when speculators are known to be unscrupulously exploiting the situation created by disruption of groundnut oil supplies following the recent floods, the Corporation could have earned a good name if it had released very substantial quantities of its soyabean oil through fair price shops for direct consumption. The sale of soyabean oil need not be confined only to the vanas- pati industry. Such open market releases would have had a significant impact on the market and restrained speculative tendencies which seem to have assumed rather serious proportions recently.

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