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Your food is not cheaper yet, but wait a while -Harish Damodaran

-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...

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Diesel & wages to push up food inflation -Mayank Mishra

-The Business Standard A delayed monsoon has forced farmers in Western UP to use alternative sources of irrigation, incurring 25-30% extra costs Saharanpur/Muzaffarnagar (UP): If the latest inflation reading at eight per cent, largely fuelled by near double-digit food inflation, has left us worried, get ready to pay even more for food in coming months. Though the monsoon deficit has reduced to only 17 per cent, the rise in input cost...

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India's shifting food bowls -Ravish Tiwari

-India Today Geography of rice and wheat has been transformed with Chhattisgarh, Bihar, Jharkhand and Madhya Pradesh generating surpluses Almost 50 years ago, Prime Minister Lal Bahadur Shastri went on air to appeal to Indians to skip a meal a day. Foodgrain supplies had come under strain after the 1965 drought, and the patriotic ethos cautioned against over-consumption: what you ate left that much less for the rest. Today, it is...

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Green shoots -Nilabja Ghosh

-The Hindu Business Line A Budget for agriculture A Budget is, generally speaking, a poor instrument for correcting food inflation. But this one conveys a clear intent to target the economic roots of the malaise by addressing supply side concerns. It also takes a long-term view of issues affecting the sector, transcending short-term production concerns. On the demand side, the simple economic response of reducing consumption can hardly apply, without compromising on nutrition....

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Little respite

-The Business Standard   Unlike consumer prices, wholesale inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening inflation, the wholesale price index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....

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