With one cotton farmer committing suicide every alternate day, the district has become a virtual killing field for growers grappling with the socio-economic upheaval caused by Crop Failure this season. The current spate of suicides started at the beginning of the last quarter of 2010, when it became clear that the excessive rain irreparably damaged the crops. Dismal yields and mounting debts drove 30 farmers to death during this period. With 16...
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Neoliberal illogic by Prabhat Patnaik
The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....
More »It'll get hotter and wetter in India by Nitin Sethi
Don't let the cold winter this year blindside you to a contrary phenomenon that is creeping up upon us. Temperatures in India are set to get higher—higher than what the country has recorded in the past 130 years. The monsoon too is going to change; it will rain as much, perhaps higher, but in short, intense bursts, heightening the risk of floods and Crop Failure. These are some of the grim...
More »Of margins and the marginalised by Jayati Ghosh
The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...
More »Price volatility & food crises by Jacques Diouf
The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...
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