IT appears that the country’s wheat troubles are far from over

The demand for

wheat

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flour

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as a major staple is inelastic.

This

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means that a hike, no matter how large it may be, does not reduce its consumption, or at least does not

effect

have an effect upon

affect

too much of a change in eating routines. In fact, people will cut expenditure on other items to pay for

flour

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. Little wonder

then

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that it is easier for

wheat

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stockists and

flour

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millers to raise their prices without loss in sales in times of both real and artificial scarcity — even at the risk of causing unrest among the people, especially the poor who spend more than half their monthly income on food. The usual suspects include corporate greed and/or blunders by the government that allowed the export of

wheat

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and

wheat

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flour

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between August and October despite a ban imposed on July 30. It is hard to blame a for-profit business

for

Suggestion

of

exploiting an opportunity. But governments are expected to regulate the markets in a way that minimises the chances of anyone fleecing the people. In a country where more than a

third

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of the population lives under the poverty line, it is painful to imagine how the vast majority is coping with rising food prices rooted in rampant market greed and poor governance