a UNESCAP Intergovermental Organization
a UNESCAP Intergovermental Organization
What other say
Black Pepper added under the Indian Price Monitoring System 4.0
The newly developed Price Monitoring System 4.0 which was launched by Shri Pralhad Venkatesh Josh, Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy Government of India on 01 August 2024, is a mobile apps utilized to monitor the daily prices of essential commodities from 550 centers across 34 states in India.
The Price Monitoring which goes under the Price Monitoring Division of the Department of Consumer Affairs, helps to monitor the retail and wholesale prices, spot and future prices of selected essential commodities daily. The Price Monitoring Division also analyses the price situation and provide advance feedback for policy decision for the Government, Reserve Bank of India and analysts of Consumer Price Index inflation at appropriate time.
Originally there were only 22 essential commodities being monitored under the PMS but with the launch of the PMS 4.0 an additional of 16 essential commodities were added which included Bajra, Jowar, Ragi, Suji (wheat), Maida (wheat), Besan, Ghee, Butter, Brinjal, Egg, Coriander, Cumin seed, Red Chillies, Turmeric Powder, Banana and Black Pepper.
With the increased of essential commodities being monitored by the PMS, the mechanism will play an important role for policy intervention in stabilizing price volatility and control overall inflation which further reflects Government of India’s committed action in addressing availability and affordability issues of the consumers.
Source : https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2040121
Previous
- Spices Board's pan-India quality campaign for nutmeg and mace kicks off
- Positive trend in pepper market
- Spices give good returns for your investment portfolio
- Boost for cinnamon exports to EU
- Egyptian Fenugreek Seeds Source of EU Outbreak?
- McCormick Enters Agreement to Acquire Kamis, a Brand Leader of Spices, Seasonings and Mustards in Poland
- Indian industry welcomes SMX pepper futures trade move
- UN Food Agency Picks Brazil�s Graziano da Silva as Head to Replace Diouf
- Belgium �Vietnam�s fourth largest trade partner in EU
- Many Eager to Use Nano in Food, But Few Admit It
- US standards, inconsistent lab reports worry pepper exporters
- Sri Lanka: Livelihood Upliftment programme of Sri Lanka
- Pepper exports forecast to double
- Pepper export turnover likely to increase by 1.8pct in 2011
- Domestic pepper market likely to remain
- Pepper board trying prototype posts to improve yield
- Spices Board begins nutmeg campaign
- E. Coli Outbreak Infects 1,600 Across Europe, EU Contests Russian Import Ban
- Campaign to end aflatoxin contamination in spices
- 11 new spice parks in next one year
- Vietnam�s pepper export in value up over 50pct in Apr
- Spices export registers record high in 2010-11
- High Rubber and Pepper Prices Make For More
- Bright Prospect for Pepper Exports
- Spice exports in FY11 to cross previous year's exports