-Business Standard Expected delay in harvesting might keep commodities elevated for a month Mumbai: While the wholesale price index (WPI) might have turned negative primarily due to a steep decline in the prices of non-food articles, rising vegetable prices kept food articles firm in May. While drumstick prices showed a sharp rise of 130 per cent, articles of mass consumption such as brinjal, cabbage, bitter gourd and cauliflower recorded an upswing of 50...

-The Indian Express Dealing with the farm distress, while simultaneously creating enough non-farm job opportunities, is going to be a tough task. Call it bad luck or otherwise, the Narendra Modi government’s first year in office hasn’t been a really great one for agriculture and rural incomes. To start with, rainfall was deficient in both the south-west (June-September) and the north-east (October-December) monsoon seasons by over 12 per cent and 33 per...

-The Indian Express One area that has seen some reform, though, relates to minimum support prices (MSP) payable on official paddy and wheat purchases. The “perfect storm” kicked up by extreme weather events and lower crop price realisations — not to mention the political backlash resulting from its controversial land acquisition ordinance — has meant that the first year of the Modi sarkar has gone by without any major reforms in...

-The Hindu The MSP is fixed for the Fair Average Quality of grain that is purchased by the FCI and its agencies. There is a growing concern in official circles about untimely rain and hail in the northern parts of the country hitting wheat procurement for the Public Distribution System by an estimated three million tonnes this year. This may not augur well for a country that is committed to providing cheap...

-PTI Chandigarh: Punjab government on Friday asked the Centre to reconsider its decision of stopping foodgrain procurement by FCI from Punjab, saying it will prove to be "very harmful" for the farming community and could lead to "distress selling". "The Centre's move of stopping procurement of foodgrain from states like Punjab could prove to be very harmful for state growers as they could be denied of appropriate prices of their crop (in...