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LATEST NEWS UPDATES | India’s food surpluses are marginal -Siraj Hussain

India’s food surpluses are marginal -Siraj Hussain

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published Published on Dec 30, 2022   modified Modified on Dec 31, 2022

-Moneycontrol.com

To become a reliable exporter, India needs to adopt climate-resilient technologies and a digital system of traceability of agricultural produce

The success of the green revolution and the use of technology in agriculture made India a nation surplus in some crops. This enabled India to emerge as a large exporter of rice and sugar. In the following years, wheat was also exported, although Indian wheat was mostly uncompetitive in the global market. As agricultural exports rose, the realisation from foreign trade reached $50.2 billion in 2021-22.

However, the events of the last two years show that despite India’s glorious achievement in agricultural production and food security, surpluses for most agricultural commodities are marginal.

Production of both rice and wheat was adversely affected by unfavourable climatic events in the last agricultural year. The inflationary trends in the food economy were noticed much before temperatures rose unusually high in February and March 2022. This led the government to resort to unusual measures of placing controls on stocking, prices, futures trading and exports a few times over the last two years after the Covid19 pandemic set in.

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Moneycontrol.com, 30 December, 2022, https://www.moneycontrol.com/news/opinion/indias-food-surpluses-are-marginal-9788001.html


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