Contrary to media predictions:
No change in prices of consumer items
by P. Krishnaswamy
Prices
of all essential consumer items will remain intact contrary to the
predictions of certain sections of the media, President of the Old Moor
Street Traders’ Association (OMSTA) K.Palaniyandy told the Sunday
Observer.
The media had predicted that the prices would increase proportionate
to the rupee devaluation but their Association was confident that it
would not be the case as there was an adequate stock in hand for the New
Year festive season and thereafter, Palaniyandy said.
OMSTA being the main wholesale distributor and importer of rice,
grains, wheat, onions, lentils, eggs and other essential consumer items
with a membership of over 350 wholesale traders anticipates a sharp drop
in prices in the forthcoming harvest season for paddy and other
agricultural products and enhanced production of vegetables, Palaniyandy
said. Chicken and eggs are also available in plenty, he said. |