Friday, August 21, 2009

Breaking News-DJN-India may import edible oils to add to its buffer stock

NEW DELHI (Dow Jones)--India will import foodgrains, pulses and edible oil to add to its buffer stock as a prolonged dry spell threatens to shrink supplies, Finance Minister Pranab Mukherjee said Friday.
"It has been decided, whichever commodity will be in short supply, to maintain the demand and supply equilibrium, we shall go for imports," Mukherjee said, adding the current stockpile is adequate to deal with the difficult situation arising from a drought.
India's 246 districts have declared drought so far, Mukherjee added