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\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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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\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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Why crop prices are falling despite higher MSP, stiffer import tariffs -Rajalakshmi Nirmal    </title>
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-The Hindu Business Line

Surge in production of most crops; demand-supply equation driving prices

The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a..."/>
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-The Hindu Business Line

Surge in production of most crops; demand-supply equation driving prices

The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a..." />
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    <h1 class="cat-box-title">Why crop prices are falling despite higher MSP, stiffer import tariffs -Rajalakshmi Nirmal</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Surge in production of most crops; demand-supply equation driving prices<br /></em><br />The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a minimum import price (as in the case of pepper), have not been effective. While market prices do go up in a knee-jerk reaction following the news, they soon revert to earlier levels.<br /><br />Sample this: The Centre imposed a 10 per cent import duty on wheat in March 2017 and doubled it to 20 per cent in November. But wheat prices have only fallen &mdash; from ?20.5/kg in February 2017 in Delhi, to ?18/kg now.<br /><br />Similarly, the government has fiddled with the duty structure of gram (chickpea) twice in the last four months. In December last year, it slapped a 30 per cent import duty on chickpeas and recently doubled it to 60 per cent. But prices have only moved down. In Latur, Maharashtra, the prices have moved from ?60/kg in January last year to ?35.50/kg now.<br /><br />The same is the case with pepper; while traders and re-exporters in the domestic market are fighting over the recently levied MIP (minimum import price) of ?500/kg, pepper prices have not been impacted.<br /><br />The spot market price in Kochi was ?420/kg at the time of the MIP levy. It moved to ?470/kg in two weeks, but then dropped to ?430-420/kg by February. The price is around ?380-390/kg now; down from ?500/kg in July last year.<br /><br /><em>The reasons<br /></em><br />Large carry-over stocks in many crops is one of the reasons for the price decline. In the last two years, production of some agri commodities both in the domestic and in the international market has increased significantly. For instance, wheat production in Russia has risen from 61 million tonnes in 2015-16 to 85 million tonnes in 2017-18 &mdash; a compound annual growth rate of 18 per cent. In Argentina, it rose from 11.3 million tonnes to 18 million tonnes in the same period.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Surge in production of most crops; demand-supply equation driving prices

The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a..."/>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Surge in production of most crops; demand-supply equation driving prices<br /></em><br />The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a minimum import price (as in the case of pepper), have not been effective. While market prices do go up in a knee-jerk reaction following the news, they soon revert to earlier levels.<br /><br />Sample this: The Centre imposed a 10 per cent import duty on wheat in March 2017 and doubled it to 20 per cent in November. But wheat prices have only fallen &mdash; from ?20.5/kg in February 2017 in Delhi, to ?18/kg now.<br /><br />Similarly, the government has fiddled with the duty structure of gram (chickpea) twice in the last four months. In December last year, it slapped a 30 per cent import duty on chickpeas and recently doubled it to 60 per cent. But prices have only moved down. In Latur, Maharashtra, the prices have moved from ?60/kg in January last year to ?35.50/kg now.<br /><br />The same is the case with pepper; while traders and re-exporters in the domestic market are fighting over the recently levied MIP (minimum import price) of ?500/kg, pepper prices have not been impacted.<br /><br />The spot market price in Kochi was ?420/kg at the time of the MIP levy. It moved to ?470/kg in two weeks, but then dropped to ?430-420/kg by February. The price is around ?380-390/kg now; down from ?500/kg in July last year.<br /><br /><em>The reasons<br /></em><br />Large carry-over stocks in many crops is one of the reasons for the price decline. In the last two years, production of some agri commodities both in the domestic and in the international market has increased significantly. For instance, wheat production in Russia has risen from 61 million tonnes in 2015-16 to 85 million tonnes in 2017-18 &mdash; a compound annual growth rate of 18 per cent. In Argentina, it rose from 11.3 million tonnes to 18 million tonnes in the same period.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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-The Hindu Business Line

Surge in production of most crops; demand-supply equation driving prices

The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a..." />
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    <h1 class="cat-box-title">Why crop prices are falling despite higher MSP, stiffer import tariffs -Rajalakshmi Nirmal</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Surge in production of most crops; demand-supply equation driving prices<br /></em><br />The Centre&rsquo;s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a minimum import price (as in the case of pepper), have not been effective. While market prices do go up in a knee-jerk reaction following the news, they soon revert to earlier levels.<br /><br />Sample this: The Centre imposed a 10 per cent import duty on wheat in March 2017 and doubled it to 20 per cent in November. But wheat prices have only fallen &mdash; from ?20.5/kg in February 2017 in Delhi, to ?18/kg now.<br /><br />Similarly, the government has fiddled with the duty structure of gram (chickpea) twice in the last four months. In December last year, it slapped a 30 per cent import duty on chickpeas and recently doubled it to 60 per cent. But prices have only moved down. In Latur, Maharashtra, the prices have moved from ?60/kg in January last year to ?35.50/kg now.<br /><br />The same is the case with pepper; while traders and re-exporters in the domestic market are fighting over the recently levied MIP (minimum import price) of ?500/kg, pepper prices have not been impacted.<br /><br />The spot market price in Kochi was ?420/kg at the time of the MIP levy. It moved to ?470/kg in two weeks, but then dropped to ?430-420/kg by February. The price is around ?380-390/kg now; down from ?500/kg in July last year.<br /><br /><em>The reasons<br /></em><br />Large carry-over stocks in many crops is one of the reasons for the price decline. In the last two years, production of some agri commodities both in the domestic and in the international market has increased significantly. For instance, wheat production in Russia has risen from 61 million tonnes in 2015-16 to 85 million tonnes in 2017-18 &mdash; a compound annual growth rate of 18 per cent. In Argentina, it rose from 11.3 million tonnes to 18 million tonnes in the same period.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true" class="re" target="_blank">The Hindu Business Line, 11 March, 2018, https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true</a><div class="clear"></div>
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Why crop prices are falling despite higher MSP, stiffer import tariffs -Rajalakshmi Nirmal

Published on Mar 12, 2018   Modified on Mar 12, 2018

-The Hindu Business Line Surge in production of most crops; demand-supply equation driving prices The Centre’s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a minimum import price (as in the case of pepper), have not been effective. While market prices do go up in a knee-jerk reaction following the news, they soon revert to earlier levels. Sample this: The Centre imposed a 10 per cent import duty on wheat in March 2017 and doubled it to 20 per cent in November. But wheat prices have only fallen — from ?20.5/kg in February 2017 in Delhi, to ?18/kg now. Similarly, the government has fiddled with the duty structure of gram (chickpea) twice in the last four months. In December last year, it slapped a 30 per cent import duty on chickpeas and recently doubled it to 60 per cent. But prices have only moved down. In Latur, Maharashtra, the prices have moved from ?60/kg in January last year to ?35.50/kg now. The same is the case with pepper; while traders and re-exporters in the domestic market are fighting over the recently levied MIP (minimum import price) of ?500/kg, pepper prices have not been impacted. The spot market price in Kochi was ?420/kg at the time of the MIP levy. It moved to ?470/kg in two weeks, but then dropped to ?430-420/kg by February. The price is around ?380-390/kg now; down from ?500/kg in July last year. The reasons Large carry-over stocks in many crops is one of the reasons for the price decline. In the last two years, production of some agri commodities both in the domestic and in the international market has increased significantly. For instance, wheat production in Russia has risen from 61 million tonnes in 2015-16 to 85 million tonnes in 2017-18 — a compound annual growth rate of 18 per cent. In Argentina, it rose from 11.3 million tonnes to 18 million tonnes in the same period. Please click here to read more.

The Hindu Business Line, 11 March, 2018, https://www.thehindubusinessline.com/economy/agri-business/why-crop-prices-are-falling-despite-hikes-in-msp-import-tariffs/article23040600.ece?homepage=true

Tagged with: minimum support price Minimum Support Prices Minimum Import Price (MIP) Wheat pepper

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