Friday, January 10, 2014

STC Offering Lower Basmati Prices

According to a report on national TV yesterday, it had already imported some 200 tons of two types of the popular rice and is making them available at prices that are 23% cheaper. The Industry Minister was also heard saying that some importers mixed Basmati with lower quality rice.

We apparently import some 50,000 tons of the tasty stuff and the Government is standing ready to supply the entire demand at more reasonable prices.

Good move. There is plenty of scope for many more interventions like this. Because there are simply way too many goods and services that are of poor quality and yet they are sold at prices that are totally out of sync with international prices.

When will the STC import sugar?

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