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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
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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

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 | How Covid has flattened prices, shifted demand curve for agri-commodities -Harish Damodaran    </title>
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Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply

While there is debate on how much the lockdown has helped in &ldquo;flattening the Covid-19..."/>
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     <meta property="og:description" content="-The Indian Express

Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply

While there is debate on how much the lockdown has helped in &ldquo;flattening the Covid-19..." />
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    <h1 class="cat-box-title">How Covid has flattened prices, shifted demand curve for agri-commodities -Harish Damodaran</h1>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply</em></p><p style="text-align:justify">While there is debate on how much the lockdown has helped in &ldquo;flattening the Covid-19 curve&rdquo;, one thing is clear: It has led to a flattening of prices through a &ldquo;leftward shift in the demand curve&rdquo;.</p><p style="text-align:justify">The best way to illustrate this is through two agricultural commodities &mdash; potato and milk &mdash; that were experiencing significant production shortfalls. In ordinary circumstances, it would have resulted in prices shooting up at this time. Instead, they have remained flat or even collapsed, thanks to the demand destruction from lockdown.</p><p style="text-align:justify"><em>Fewer takers for potato</em></p><p style="text-align:justify">Take potatoes, of which cold stores across India have stocked only an estimated 36 crore bags (of 50 kg each) from the main rabi (winter-spring) crop harvested in February-March. This was as against 48 crore in 2019, 46 crore in 2018 and the record 57 crore bags of the 2017 post-demonetisation crop.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/" title="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/" class="re" target="_blank">The Indian Express, 6 May, 2020, https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply</em></p><p style="text-align:justify">While there is debate on how much the lockdown has helped in &ldquo;flattening the Covid-19 curve&rdquo;, one thing is clear: It has led to a flattening of prices through a &ldquo;leftward shift in the demand curve&rdquo;.</p><p style="text-align:justify">The best way to illustrate this is through two agricultural commodities &mdash; potato and milk &mdash; that were experiencing significant production shortfalls. In ordinary circumstances, it would have resulted in prices shooting up at this time. Instead, they have remained flat or even collapsed, thanks to the demand destruction from lockdown.</p><p style="text-align:justify"><em>Fewer takers for potato</em></p><p style="text-align:justify">Take potatoes, of which cold stores across India have stocked only an estimated 36 crore bags (of 50 kg each) from the main rabi (winter-spring) crop harvested in February-March. This was as against 48 crore in 2019, 46 crore in 2018 and the record 57 crore bags of the 2017 post-demonetisation crop.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/" title="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/" class="re" target="_blank">The Indian Express, 6 May, 2020, https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/</a><div class="clear"></div>
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Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply

While there is debate on how much the lockdown has helped in &ldquo;flattening the Covid-19..." />
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    <h1 class="cat-box-title">How Covid has flattened prices, shifted demand curve for agri-commodities -Harish Damodaran</h1>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply</em></p><p style="text-align:justify">While there is debate on how much the lockdown has helped in &ldquo;flattening the Covid-19 curve&rdquo;, one thing is clear: It has led to a flattening of prices through a &ldquo;leftward shift in the demand curve&rdquo;.</p><p style="text-align:justify">The best way to illustrate this is through two agricultural commodities &mdash; potato and milk &mdash; that were experiencing significant production shortfalls. In ordinary circumstances, it would have resulted in prices shooting up at this time. Instead, they have remained flat or even collapsed, thanks to the demand destruction from lockdown.</p><p style="text-align:justify"><em>Fewer takers for potato</em></p><p style="text-align:justify">Take potatoes, of which cold stores across India have stocked only an estimated 36 crore bags (of 50 kg each) from the main rabi (winter-spring) crop harvested in February-March. This was as against 48 crore in 2019, 46 crore in 2018 and the record 57 crore bags of the 2017 post-demonetisation crop.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/" title="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/" class="re" target="_blank">The Indian Express, 6 May, 2020, https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/</a><div class="clear"></div>
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How Covid has flattened prices, shifted demand curve for agri-commodities -Harish Damodaran

Published on May 6, 2020   Modified on May 6, 2020

-The Indian Express Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply While there is debate on how much the lockdown has helped in “flattening the Covid-19 curve”, one thing is clear: It has led to a flattening of prices through a “leftward shift in the demand curve”. The best way to illustrate this is through two agricultural commodities — potato and milk — that were experiencing significant production shortfalls. In ordinary circumstances, it would have resulted in prices shooting up at this time. Instead, they have remained flat or even collapsed, thanks to the demand destruction from lockdown. Fewer takers for potato Take potatoes, of which cold stores across India have stocked only an estimated 36 crore bags (of 50 kg each) from the main rabi (winter-spring) crop harvested in February-March. This was as against 48 crore in 2019, 46 crore in 2018 and the record 57 crore bags of the 2017 post-demonetisation crop. Please click here to read more.

The Indian Express, 6 May, 2020, https://indianexpress.com/article/explained/how-covid-has-flattened-prices-shifted-demand-curve-for-agri-commodities-6395733/

Tagged with: Covid-19 Coronavirus Food Prices Effective Demand Demonetisation Lockdown Dairy Farmers Agricultural Income Farmers' Income

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