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Thursday, December 17, 2009

Govt to consider imports to boost food supply - Mukherjee

The finance minister said on Thursday that rising food prices was an area of concern and would consider imports to augment food supply.

"Food prices are going up, this is an area of concern. We have to take some appropriate measures... but best could be done by augmenting supply through imports," Pranab Mukherjee told reporters.

India's food prices rose 19.95 percent in first week of December from a year earlier, its fastest in 2009, and adding pressure on the central bank to tighten monetary policy.

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