The Psychology of Panic Buying: Cyclone Dana and the Rush to Stock Up in Odisha
As Cyclone Dana approaches the eastern coast of India, Odisha is witnessing a surge in panic buying, resulting in sharp price hikes for essential vegetables like potatoes and onions. The India Meteorological Department (IMD) has predicted a severe cyclonic storm likely forming from a low-pressure area over the Bay of Bengal by October 24 or 25. With this warning, local markets in Odisha have been flooded with anxious consumers, leading to shortages of critical goods.