The research leading to this publication is part of an ongoing ICRIER-ZEF research project titled “Stabilizing food prices through buffer stocking and trade policies”. The authors wish to thank Prof. Shashanka Bhide, Director, Madras Institute of Development Studies (MIDS), Tamil Nadu and Prof. N. Chandrasekhara Rao, Professor, The Institute of Economic Growth (IEG) for reviewing the paper and giving valuable suggestions. The authors would also like to thank the senior IAS officers, for the useful discussions on this subject during the 2014 Phase V Training Program, LBSNAA, Mussorrie.
