-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
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Good harvests, abundant inventory continue to drive international food prices down – UN
-United Nations Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest edition of the biannual Food Outlook report released today by the United Nations Food and Agriculture Organization (FAO). According to a statement released by the Rome-based FAO, bumper harvests and abundant stockpiles are key factors helping drive down international food prices. World wheat production in 2014...
More »Only 12% deficit in monsoon rainfall: Why is the picture of rural economy still uncertain? -Jayashree Bhosale & Avinash Celestine
-The Economic Times Dinkar Patil, a farmer from Buldhana district in Vidarbha, Maharashtra, normally cultivates cotton on his 13-acre farm land. This year, however, he has skipped the cotton crop and opted for soyabean and tur dal. "The rainfall started late. I did not cultivate cotton because of the delayed rains and the huge increase in cost of cultivation of the crop," said Patil. He is expecting a fall of about...
More »States pitch for separate FCI to ensure fodder security
-PTI NEW DELHI: In order to improve availability of fodder in the country, several state governments today suggested setting up of a Fodder Corporation of India (FCI), ban on export of oilseed cake and disallowing harvesting of wheat and other fodder crop using combine harvestor. Some states also demanded that the Centre should treat animal husbandry, dairying and fisheries at par with the agriculture sector and ensure benefits such crop loans at...
More »Farmer in distress -Bharat Jhunjhunwala
-The Statesman Prime Minister Narendra Modi has expressed anguish over suicides by farmers, whose condition has not improved despite the high rate of economic growth. The reason for this distressing state of affairs is that economic policies are badly crafted. The primary effort of the Government has been to increase agricultural production. The price factor is not taken into consideration, the perception being that the farmer will be better off...
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