-Down to Earth Current circumstances could lead to a reddux of 2006-07, when wheat had to be imported The Centre announced May 4, 2022, that it would procure only 19.5 million tonnes (MT) of wheat in 2022-23, about 56 per cent less than the target decided for this year. It also announced that government procurement of wheat in Punjab would stop from May 5. The reason given was the lesser amount of wheat...
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Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia -Aniruddha Dhar
-Hindustan Times India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm...
More »Strong demand may bring down closing stock of major farm goods by FY23-end -Sanjeeb Mukherjee
-Business Standard Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time By the end of this financial year or perhaps even earlier, depending upon the crop cycle, India might be staring at a multi-year low closing inventory levels of several key farm commodities. Stocks of sugar, wheat, cotton and oilseeds both, with traders and...
More »Feeding the world vs farmer suicides: The dichotomy of India’s farming sector -Harmeet Shah Singh
-IndiaToday.in India is the second-biggest producer of the two staples, with more than 85 million tonnes in stocks, including 21 million tonnes in strategic reserves and the Public Distribution System, which fed about 800 million poverty-stricken people during the pandemic. When the world’s two food baskets, Russia and Ukraine, are at war, India has pitched in to feed the planet. “I had a discussion with the US President and I suggested that if...
More »What’s fuelling higher inflation in rural India? -Vikas Dhoot
-The Hindu Why are food, clothing and fuel prices higher in the hinterland? Will a good monsoon help ease the crisis? The story so far: The retail inflation rate surged to 6.95% this March — its highest level in nearly one and a half years, capping off six successive months of accelerating prices for consumers. With incremental fuel price hikes only kicking in during the latter half of March, the full impact...
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