# Centre steps in to curb skyrocketing food prices

> The Indian government banned onion exports on 14 September and eased onion import norms from 21 October. It cut potato import duty from 30% to 10% and approved a 1 million tonne potato import plan. Pulses measures include extended tur import deadlines and buffer-stock sales as retail inflation hit 7.34%.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/50609-centre-steps-in-to-curb-skyrocketing-food-prices
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

These measures aim to lower domestic food prices and do not directly move major grain or feed prices. They signal the government will intervene in food markets when inflation rises.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-10-19 | [Steps in place to check price rise during festival season: Centre - The Hindu](https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu.md) | +1.6% | +6.8% |
| RICE | 2024-02-02 | [Centre keeping all options open to curb rice prices: Food secretary \| Agriculture - Business Standard](https://feedsoft.ai/events/31609-centre-keeping-all-options-open-to-curb-rice-prices-food-secretary-agriculture.md) | +3.0% | +0.6% |
| RICE | 2022-09-09 | [India's rice curbs to lift prices, stoke food inflation worries \| Reuters](https://feedsoft.ai/events/39561-india-s-rice-curbs-to-lift-prices-stoke-food-inflation-worries-reuters.md) | +5.0% | -0.5% |
| RICE | 2017-10-01 | [Four steps to stabilize the price of pulses](https://feedsoft.ai/events/68436-four-steps-to-stabilize-the-price-of-pulses.md) | -0.9% | -3.7% |
| RICE | 2023-07-20 | [India bans rice shipments to curb price rises - BBC News](https://feedsoft.ai/events/35007-india-bans-rice-shipments-to-curb-price-rises-bbc-news.md) | +1.3% | -0.6% |
| WHEAT | 2023-10-19 | [Steps in place to check price rise during festival season: Centre - The Hindu](https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu.md) | -2.6% | -4.4% |
| WHEAT | 2017-10-01 | [Four steps to stabilize the price of pulses](https://feedsoft.ai/events/68436-four-steps-to-stabilize-the-price-of-pulses.md) | +6.0% | +10.8% |
| WHEAT | 2022-06-03 | [India says no plans for now to curb food exports](https://feedsoft.ai/events/40901-india-says-no-plans-for-now-to-curb-food-exports.md) | -0.2% | -0.4% |

## Sources

- livemint.com: https://www.livemint.com/news/india/centre-steps-in-to-curb-skyrocketing-food-prices-11604074306873.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.