-The Indian Express We have, indeed, entered a regime of “permanent surpluses” in most crops — a reality our policymakers are unable to grasp, stuck as they are in the era of the Essential Commodities Act. If there is one thing that has changed in Indian agriculture in recent times, it is supply response — the ability of farmers to increase production when prices go up. Traditionally, the supply curve in most...
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Mining and agriculture lag behind other sectors in terms of GVA growth in Jan-Mar '18
The country’s agrarian sector in the last financial year expanded at almost half the rate at which it grew in 2016-17, shows the recently released provisional estimates by the Central Statistics Office (CSO). As compared to a growth rate of 6.3 percent witnessed in 2016-17, the growth rate in real Gross Value Added (GVA) by the agrarian sector (i.e., increase in agricultural GVA after neutralizing the effect of price inflation)...
More »Pulses import falls by 1million tonnes in FY18
-The Economic Times NEW DELHI: The agriculture ministry on Wednesday said that farmer-friendly policy measures have helped reduce import of pulses, wheat and edible oils. Import of pulses declined by 10 lakh tonnes from FY17 to 56.5 lakh tonnes in 2017-18, resulting in saving of foreign exchange amounting to Rs 9,775 crore, the ministry said in a statement. As per the government’s third advance estimate, output of pulses — largely gram, urad and...
More »The misery of farmers in the midst of plenty -Himanshu
-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...
More »Unseasonal rains: Little impact on rabi output, say officials
-The Financial Express The recent spell of unseasonable rains and hailstorms in a clutch of northern states haven’t had any major adverse impact on the rabi crop being harvested, officials claimed, based on field reports. The agriculture ministry has been expecting all-time high foodgrain production of 277.5 million tonnes in 2017-18 crop year (July-June) on good distribution of monsoon rainfall last year, even though pan-India rains were just 95% of the...
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