-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

Production to drop drastically this kharif season Pulses and oilseeds are likely to be dearer, particularly to the middle class and poor as their production is likely to go down drastically in the ongoing kharif season in the State. Scanty rainfall in the beginning of southwest monsoon season is the reason for lower coverage of various crops. As per the first advance production estimates prepared by the Bureau of Economics and Statistics...

-The Business Standard   The government’s move to allow an additional 0.5 million tonnes of sugar exports on top of one million tonnes permitted earlier is well intended. However, the total permissible exports are still not enough to adequately slash unsustainable inventories and improve the economic health of the sugar industry so that it can clear the mounting cane price dues. Given the robust rebound in sugar production in the current season (October...

The fear of losing their land for setting up industrial establishments, as is the case at present in Gadag, is not the only worry for farmers in Karnataka. The farmers in the State appeared to be a distressed lot even with farm lands in their possession. Contrary to what the State Home Department would want us to believe, the State Crime Records Bureau’s (SCRB) report portrays a dismal picture of the incidence...

-The Business Standard   For a country whose cuisine uses so much edible oil, India’s dependence on imported cooking oil is as economically debilitating as its dependence on imported energy. Barring a short spell in the late eighties, when the country was nearly self-sufficient in edible oil production, the bulk of the cooking oil needs have been met through imports for decades. Even today, domestic oilseed production does not meet even...