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]
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]
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]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Despite good yield, food prices to stay

Despite good yield, food prices to stay

Share this article Share this article
published Published on Sep 18, 2010   modified Modified on Sep 18, 2010


Output of major crops, including sugar, will be better or equal to 2008-09’s production figures, but food prices are unlikely to return to that year’s levels.

Food inflation may have permanently changed to stay on the higher side, economists have said. For a UPA government battling high prices, this could be a gloomy piece of news.

A surplus monsoon has boosted acreages of all crops, according to food ministry figures. Output of rice, the principal summer staple, will be slightly lower than 100 million tonnes, despite a drought in Bengal, Jharkhand and Bihar, agriculture minister Sharad Pawar said on Thursday.

Pawar announced a subsidy worth R500 crore on diesel used by farmers in these states for irrigation to cope with the drought on Friday.

Output of wheat, to be sown in winter, could be around 82 million tonnes, owing to good soil-moisture levels. Sufficient sugar stocks, of around 22-23 million tonnes, are also expected in the new sugar cycle starting next month.

However, high food inflation no longer looks temporary. “Actual prices will not come down because food inflation has acquired a large permanent  component, like higher crop prices and production costs,” said N.R. Bhanumurthy, an economist with the state-owned National Institute of Public Finance and Policy.

India’s food prices rose 15.10 per cent in the year to September 4, under a new wholesale price gauge introduced this month. Economists such as Bhanumurthy said higher money wages could alone offset inflation.


The Hindustan Times, September, 2010, http://www.hindustantimes.com/Despite-good-yield-food-prices-to-stay/Article1-601522.aspx


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close