Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | 2014 farm output at risk, CPI might spike again-Malini Bhupta    </title>
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-The Business Standard



Hailstorms may cause Rs 12k-cr crop damage, El Ni&ntilde;o a bigger worry


India's hope rally will be at risk if El Ni&ntilde;o actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts..."/>
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-The Business Standard



Hailstorms may cause Rs 12k-cr crop damage, El Ni&ntilde;o a bigger worry


India's hope rally will be at risk if El Ni&ntilde;o actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts..." />
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>Hailstorms may cause Rs 12k-cr crop damage, El Ni&ntilde;o a bigger worry</em></p><p align="justify">India's hope rally will be at risk if El Ni&ntilde;o actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts seem to suggest India is faced with the prospect of an erratic rainfall, as a result of the waters of the Pacific Ocean warming (known as the El Ni&ntilde;o effect).</p><p align="justify">It is very difficult to predict incidence of this event. According to analysts and economists, in past years, whenever the impact of this event was severe, agricultural output contracted - triggering a weak agriculture output and a rise in food prices. The hailstorm this year has already hit the rabi crop in three states and will impact food prices, believe experts.</p><p align="justify">Predicting El Ni&ntilde;o and its effects are a little difficult now as accurate predictions are possible only after summer is midway through. However, analysts at Jefferies believe: &quot;Delayed monsoons are becoming increasingly frequent in the recent years in India and as a result, India's agriculture growth has not been negative since 2002.&quot;</p><p align="justify">It is not India alone that is facing weather risks. Over the past two months, global food prices have risen, owing to drought in Brazil and dry weather conditions in the southeast Asia. While these prices have had little impact on food prices in India so far, a weak monsoon could materially change the prospects if history is any guide, adds Jefferies.</p><p align="justify">For starters, the hailstorm is expected to adversely hit this year's gross domestic product (GDP), too. Bank of America Merrill Lynch's Jyotivardhan Jaipuria and Indranil Sengupta say: &quot;The hailstorm could likely result in an estimated crop failure at about Rs 12,000 crore (0.1 per cent of the full-year the GDP). However, for the quarter, this would be 0.4 per cent of the GDP (4.8 per cent BofA-ML estimated base case) and two to 2.5 per cent of the agri growth (our forecast is 3.5 per cent).&quot;</p><p align="justify">Although India has coped well with El Ni&ntilde;o so far, farm output might be hit if the effect is severe. There have been 16 El Ni&ntilde;o occurrences since 1984 and only four have been strong in the last 50 years. Even if the El Ni&ntilde;o isn't strong, agriculture output is sure to decline. In the years when the El Ni&ntilde;o effect has been strong, the agriculture output has fallen 4.7 per cent. This clearly highlights the risk the current year's El Ni&ntilde;o forecasts hold for the country's GDP growth. </p>                                                           
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    <br><a href="http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html" class="re" target="_blank">The Business Standard, 24 March, 2014, http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html</a><div class="clear"></div>
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>Hailstorms may cause Rs 12k-cr crop damage, El Ni&ntilde;o a bigger worry</em></p><p align="justify">India's hope rally will be at risk if El Ni&ntilde;o actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts seem to suggest India is faced with the prospect of an erratic rainfall, as a result of the waters of the Pacific Ocean warming (known as the El Ni&ntilde;o effect).</p><p align="justify">It is very difficult to predict incidence of this event. According to analysts and economists, in past years, whenever the impact of this event was severe, agricultural output contracted - triggering a weak agriculture output and a rise in food prices. The hailstorm this year has already hit the rabi crop in three states and will impact food prices, believe experts.</p><p align="justify">Predicting El Ni&ntilde;o and its effects are a little difficult now as accurate predictions are possible only after summer is midway through. However, analysts at Jefferies believe: &quot;Delayed monsoons are becoming increasingly frequent in the recent years in India and as a result, India's agriculture growth has not been negative since 2002.&quot;</p><p align="justify">It is not India alone that is facing weather risks. Over the past two months, global food prices have risen, owing to drought in Brazil and dry weather conditions in the southeast Asia. While these prices have had little impact on food prices in India so far, a weak monsoon could materially change the prospects if history is any guide, adds Jefferies.</p><p align="justify">For starters, the hailstorm is expected to adversely hit this year's gross domestic product (GDP), too. Bank of America Merrill Lynch's Jyotivardhan Jaipuria and Indranil Sengupta say: &quot;The hailstorm could likely result in an estimated crop failure at about Rs 12,000 crore (0.1 per cent of the full-year the GDP). However, for the quarter, this would be 0.4 per cent of the GDP (4.8 per cent BofA-ML estimated base case) and two to 2.5 per cent of the agri growth (our forecast is 3.5 per cent).&quot;</p><p align="justify">Although India has coped well with El Ni&ntilde;o so far, farm output might be hit if the effect is severe. There have been 16 El Ni&ntilde;o occurrences since 1984 and only four have been strong in the last 50 years. Even if the El Ni&ntilde;o isn't strong, agriculture output is sure to decline. In the years when the El Ni&ntilde;o effect has been strong, the agriculture output has fallen 4.7 per cent. This clearly highlights the risk the current year's El Ni&ntilde;o forecasts hold for the country's GDP growth. </p>                                                           
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    <br><a href="http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html" class="re" target="_blank">The Business Standard, 24 March, 2014, http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html</a><div class="clear"></div>
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-The Business Standard



Hailstorms may cause Rs 12k-cr crop damage, El Ni&ntilde;o a bigger worry


India's hope rally will be at risk if El Ni&ntilde;o actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts..." />
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    <h1 class="cat-box-title">2014 farm output at risk, CPI might spike again-Malini Bhupta</h1>
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>Hailstorms may cause Rs 12k-cr crop damage, El Ni&ntilde;o a bigger worry</em></p><p align="justify">India's hope rally will be at risk if El Ni&ntilde;o actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts seem to suggest India is faced with the prospect of an erratic rainfall, as a result of the waters of the Pacific Ocean warming (known as the El Ni&ntilde;o effect).</p><p align="justify">It is very difficult to predict incidence of this event. According to analysts and economists, in past years, whenever the impact of this event was severe, agricultural output contracted - triggering a weak agriculture output and a rise in food prices. The hailstorm this year has already hit the rabi crop in three states and will impact food prices, believe experts.</p><p align="justify">Predicting El Ni&ntilde;o and its effects are a little difficult now as accurate predictions are possible only after summer is midway through. However, analysts at Jefferies believe: &quot;Delayed monsoons are becoming increasingly frequent in the recent years in India and as a result, India's agriculture growth has not been negative since 2002.&quot;</p><p align="justify">It is not India alone that is facing weather risks. Over the past two months, global food prices have risen, owing to drought in Brazil and dry weather conditions in the southeast Asia. While these prices have had little impact on food prices in India so far, a weak monsoon could materially change the prospects if history is any guide, adds Jefferies.</p><p align="justify">For starters, the hailstorm is expected to adversely hit this year's gross domestic product (GDP), too. Bank of America Merrill Lynch's Jyotivardhan Jaipuria and Indranil Sengupta say: &quot;The hailstorm could likely result in an estimated crop failure at about Rs 12,000 crore (0.1 per cent of the full-year the GDP). However, for the quarter, this would be 0.4 per cent of the GDP (4.8 per cent BofA-ML estimated base case) and two to 2.5 per cent of the agri growth (our forecast is 3.5 per cent).&quot;</p><p align="justify">Although India has coped well with El Ni&ntilde;o so far, farm output might be hit if the effect is severe. There have been 16 El Ni&ntilde;o occurrences since 1984 and only four have been strong in the last 50 years. Even if the El Ni&ntilde;o isn't strong, agriculture output is sure to decline. In the years when the El Ni&ntilde;o effect has been strong, the agriculture output has fallen 4.7 per cent. This clearly highlights the risk the current year's El Ni&ntilde;o forecasts hold for the country's GDP growth. </p>                                                           
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    <br><a href="http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html" class="re" target="_blank">The Business Standard, 24 March, 2014, http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html</a><div class="clear"></div>
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Home हिन्दी

2014 farm output at risk, CPI might spike again-Malini Bhupta

Published on Mar 26, 2014   Modified on Mar 26, 2014

-The Business Standard Hailstorms may cause Rs 12k-cr crop damage, El Niño a bigger worry India's hope rally will be at risk if El Niño actually strikes this year. Even if a reformist government comes to power in May, global weather forecasts seem to suggest India is faced with the prospect of an erratic rainfall, as a result of the waters of the Pacific Ocean warming (known as the El Niño effect). It is very difficult to predict incidence of this event. According to analysts and economists, in past years, whenever the impact of this event was severe, agricultural output contracted - triggering a weak agriculture output and a rise in food prices. The hailstorm this year has already hit the rabi crop in three states and will impact food prices, believe experts. Predicting El Niño and its effects are a little difficult now as accurate predictions are possible only after summer is midway through. However, analysts at Jefferies believe: "Delayed monsoons are becoming increasingly frequent in the recent years in India and as a result, India's agriculture growth has not been negative since 2002." It is not India alone that is facing weather risks. Over the past two months, global food prices have risen, owing to drought in Brazil and dry weather conditions in the southeast Asia. While these prices have had little impact on food prices in India so far, a weak monsoon could materially change the prospects if history is any guide, adds Jefferies. For starters, the hailstorm is expected to adversely hit this year's gross domestic product (GDP), too. Bank of America Merrill Lynch's Jyotivardhan Jaipuria and Indranil Sengupta say: "The hailstorm could likely result in an estimated crop failure at about Rs 12,000 crore (0.1 per cent of the full-year the GDP). However, for the quarter, this would be 0.4 per cent of the GDP (4.8 per cent BofA-ML estimated base case) and two to 2.5 per cent of the agri growth (our forecast is 3.5 per cent)." Although India has coped well with El Niño so far, farm output might be hit if the effect is severe. There have been 16 El Niño occurrences since 1984 and only four have been strong in the last 50 years. Even if the El Niño isn't strong, agriculture output is sure to decline. In the years when the El Niño effect has been strong, the agriculture output has fallen 4.7 per cent. This clearly highlights the risk the current year's El Niño forecasts hold for the country's GDP growth.

The Business Standard, 24 March, 2014, http://www.business-standard.com/article/opinion/2014-farm-output-at-risk-cpi-might-spike-again-114032400661_1.html

Tagged with: Consumer Price Index (CPI) Inflation food prices food inflation Agriculture Food Security

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