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LATEST NEWS UPDATES | The peculiar rise of protein inflation -Sayantan Bera

The peculiar rise of protein inflation -Sayantan Bera

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published Published on Nov 22, 2020   modified Modified on Nov 23, 2020

-Livemint.com

* The supply chain disruption in poultry continues, further hurting the nutritional standards of poorer households

* The current steep prices of items that make up the retail food basket—be it eggs, pulses or vegetables—is evidently taking a toll on millions of Indian households

NEW DELHI: Banks should not advance large loans to farmers, least of all to those in the poultry business, an exasperated Ramesh Mehla said over the phone. He should know, for the Mehla family has been fighting to save their agricultural land in Karnal, Haryana, from being auctioned by banks.

October was a harrowing month: dealing with recovery agents, settling a part of the loan by pawning gold jewellery, and rescuing Mehla’s cousin, 28-year-old Sandeep, who attempted suicide by taking poison and survived after spending three nights in an ICU.

It all started in February this year, when social media rumours linking consumption of chicken and eggs to the novel coronavirus spread like a wildfire. As consumption collapsed, farmers were forced to bury live chicks, starve their chicken to death and destroy their daily harvest of eggs.

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Livemint.com, 22 November, 2020, https://www.livemint.com/news/india/the-peculiar-rise-of-protein-inflation-11606053333700.html


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