Fair trade regulator CCI is closely studying
various aspects of the country's agricultural market, amid rising prices of
vegetables. The Competition Commission of India (CCI) has the mandate to keep a
tab on anti-competitive practices at the market place.
According to a source, the regulator was
closely looking at the agriculture market and is discussing the issues with
various stakeholders. Recently, CCI also held deliberations with the Commission
for Agricultural Costs and Prices (CACP) Chairman Ashok Gulati to have a better
understanding of the market.
CCI is studying the
agriculture market to check whether there are any unfair trade practices and
similar things. "Right now, we are only looking at various aspects,"
the source said. In the recent past, prices of vegetables have increased even
though the country has witnessed good rainfall.
Last year, a study
instituted by CCI had found that there were clear imperfections including
cartelisation and hoarding that impacts price of onions. Bangalore-based
Institute for Social and Economic Change had conducted that study.
"Results of seasonal
indices, correlations, daily, monthly arrivals their prices etc. Indicated
existence of anti-competitive elements in the onion markets. "A few big
traders having well connected networks with market intermediaries in other
markets seem to play a major role in hoarding for expected high prices,"
the study had said.
No comments:
Post a Comment