-The Hindu Business Line Having recovered from their lows touched early or mid-2020, food prices are rising fast. At $574.8 a metric tonne in February 2021, the price of soyabean was 53 per cent higher than the corresponding month of 2020, when the effects of the Covid pandemic were yet to be felt (Chart 1). Over that period, the price of maize had risen from $168.71 to $245.24 a metric tonne...
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Imbalances in India’s cereal economy need more than a short-term fix -Jean Dreze
-The Indian Express The need of the hour is to expand distribution under the PDS. Failing that, the country is heading towards another round of wasteful stock accumulation even as poor people struggle to feed their families. The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the...
More »Three Myths and the Three Farm Laws -Arindam Banerjee
-Vikalpind.in Much of the discourse on the three farm laws are influenced by certain prevailing myths about Indian agriculture and the food situation in the country within the academic and policy-making circles. First, there is a common perception, propagated by the ruling establishment, that India is a ‘food surplus’ nation, particularly with respect to cereals. Our farmers have allegedly over-produced cereals due to the MSP-based government support system. Secondly, any removal...
More »How Promising Is the Food Processing Industry for Indian Agriculture? -Seema Bathla and Siraj Hussain
-TheWire.in Due to cultural reasons, India has a relatively small market for processed foods, and a number of factors afflict the food processing industry. In the light of recent farmer protests, there have been apprehensions that corporates will develop a monopoly over agricultural markets, purchase large quantities of cereals at cheaper prices and sell processed products made from them at very high prices. These apprehensions do not seem very plausible in the near...
More »Why Are People Going Hungry if India Has Surplus Foodgrain Stocks? -Prabhat Patnaik
-Newsclick.in A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands. The Indian intelligentsia has an incredible propensity to swallow the self-serving arguments of metropolitan capitalism that are typically supposed to constitute ‘economic wisdom’. And nowhere is this more evident than in the case of India’s food economy. There...
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