Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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Retail inflation softens to 6.71% in July, lowest since March; here's what economists say
-BusinessToday.in The July retail inflation level is in consonance with the projection and expectations of economists. India’s retail inflation moderated to 6.71 per cent in the month of July, the retail inflation is July has come down from 7.01 per cent in the month of June. Even Reuters poll of 48 economists showed inflation, as measured by the consumer price index, likely to fall to an annual 6.78 per cent in July,...
More »Trouble in the Rice Bowl of Bengal -Gurvinder Singh
-GaonConnection West Bengal is India's top paddy growing state. Bardhaman region in the state, which is known as the rice bowl of Bengal, has received minus 47% deficient rainfall leading to a drastic reduction in paddy sowing. A Gaon Connection ground report as part of its Paddy Pain series. Kalyanpur (East Bardhaman), West Bengal: Dinonath Ghosh, a farmer for more than four decades believes that this must be the worst paddy farming...
More »India must be quick to tackle challenges of food security, land use - Himangana Gupta & Shweta Prajapati & Ruchika Singh
-Moneycontrol.com Not only population, but several other factors affect the food system, including climate risks and their impact. An IPCC report predicts up to 30 percent decline in rice yields if global temperatures continue to rise India, a country with just 2.4 percent of the world’s total land area, is the largest producer of milk and pulses, and the second largest producer of rice and wheat, as per the United Nations’ Food...
More »Poor monsoon does not always translate to high inflation
-Moneycontrol.com Here is a counterintuitive set of data, which indicates a decoupling of rains and inflation With the monsoon delayed in June and being unevenly distributed in July, everyone has been worrying about a fall in Food Production and resultant inflation. After all, we keep hearing that India’s agriculture is mostly rainfed. Then, the reasoning goes like this–poor rains equals poor harvest equals high inflation. But does poor rains really cause inflation? Here is a...
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