Food prices have hit a 10-year-high as supply shortages due to poor monsoon and floods in some parts finally bit hard, forcing a worried government to announce a step-up in imports and strengthening expectations of RBI tightening policy to stop a breakout of inflation in the wider economy. Prices of potato, other vegetables and pulses drove inflation to 19.95% in the year to December 5, surging from 19% in the...
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Price-busters on way
The government is planning to augment the supplies of essential items through imports to rein in food inflation which has flared up to a decade high of 19.95 per cent in the first week of this month. “Food prices are going up and this is an area of concern ... We have to take appropriate measures to see what best can be done by increasing the supply through imports,” finance minister...
More »Stars don’t foretell any more by Aparna Pallavi
Sahyadris have been documenting the changing climate for 40 years The latest joke among the Mahadeo Koli tribals living in the Bhimashankar area of Maharashtra’s Pune district is: “Ovni zali ka? (Have you transplanted your paddy?)” In the rain drenched Sahyadri range, where the main food crop is paddy, the unseasonal rains brought on by cyclone Phyan in late November have caused the harvested crop of fragrant Raibhog paddy to sprout...
More »Coping with rising foodgrain prices by VS Vyas
India needs to initiate a number of steps to manage the emerging situation. After three consecutive good years, agricultural production has faltered in the last two years. There was a fall in production to the tune of 1.6 per cent in 2008-2009 compared to the previous year. This year, again, agricultural production is likely to be down by 2 per cent or more. The deceleration in the growth of foodgrain...
More »Food inflation creeping up to high levels
Unprecedented rise in potato prices pushes up inflation Food inflation soared to 15.58 per cent for the week ended November 14 in the wake of an unprecedented rise in the prices of potato and other essential items. Official data based on the Wholesale Price Index (WPI) released here on Thursday for the week revealed that while potato prices have more than doubled in the past 12 months, other basic food...
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