Food prices in the immediate future can be controlled only through large imports. Wheat stocks are adequate but rice stocks are not. There will be a fiscal cost because global prices are above domestic prices, but this will not be above 1 per cent of central government expenditure. This may be the best option since food inflation is now threatening to become generalised.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/food-inflation-contingent-and-structural-factors
[2] http://admin.indiaenvironmentportal.org.in/category/author/pankaj-vashisht
[3] http://admin.indiaenvironmentportal.org.in/category/author/rajiv-kumar
[4] http://admin.indiaenvironmentportal.org.in/category/author/gunajit-kalita
[5] http://admin.indiaenvironmentportal.org.in/category/journal/economic-and-political-weekly
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/legumes
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-policy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-prices
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-supply
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-stress
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cooperatives
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
