Rumours trigger panic buying of salt in Orissa

With potato prices skyrocketing in Orissa markets,rumour-mongering on Monday led to increase in the price of salt too in the local markets. With speculation that salt stocks were down,panic-stricken consumers rushed to buy salt. In Bhubaneswar,people were seen queuing up at grocery shops to buy salt at Rs 40-50 a kg against the printed price […]

Written by Debabrata Mohanty | Bhubaneswar | Published: November 12, 2013 5:52:44 am

With potato prices skyrocketing in Orissa markets,rumour-mongering on Monday led to increase in the price of salt too in the local markets.

With speculation that salt stocks were down,panic-stricken consumers rushed to buy salt. In Bhubaneswar,people were seen queuing up at grocery shops to buy salt at Rs 40-50 a kg against the printed price of Rs 14. Similar trends were seen at Khurda,Paradip and Nayagarh town.

State Food and Consumer Welfare Secretary Madhu Sudan Padhi dismissed the talk of salt scarcity. “The buying was fuelled partly by some local newspapers that carried stories on salt scarcity without checking the facts,” he said. Padhi said the district collectors have been directed to take stringent action against hoarders and retailers charging inflated prices. Meanwhile,Bengal relaxed its curbs on potato supply and 17 truckloads of the tuber arrived in the Orissa on Monday. “After the trucks arrived,prices of potatoes dropped to around Rs 35-40 in Bhubaneswar shops. I think by tomorrow normal flow will begin. Besides,more truckloads of potatoes from Kanpur are coming in next couple of days,” said Padhi.

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