Food prices falling, to dip further: Pawar

Agriculture Minister Sharad Pawar on Wednesday said that Food prices in India, which rose an annual 18 percent in January, have started falling and will dip further next month. The government's confidence stems from the prospects of a near-record wheat harvest and some decline in local sugar prices after forcing large consumers to reduce their stocks. Pawar added that the government would not restrain large sugar firms from buying sugar from the domestic market.