-The United Nations Food prices dropped to an 11-month low in October, the United Nations Food and Agriculture Organization (FAO) said today, while adding that they are still higher than last year and very volatile. FAO’s Food Price Index averaged 216 points last month, down 4 per cent from September, the agency said in a news release. The index is a measure of basic food prices at the global level. “The drop was...
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Minimum support price on food items up, may fan inflation
-The Times of India Ahead of elections in Punjab and Uttar Pradesh, the government on Tuesday announced an increase of up to 39% in the support price for farm goods in what is being billed as a Diwali gift for farmers. But the move has raised fears of a further spike in food inflation, which crossed the 10% mark last week. While the smallest increase was in case of wheat, where the...
More »Pulses, oilseed to be costlier by B Chandrashekhar
Production to drop drastically this kharif season Pulses and oilseeds are likely to be dearer, particularly to the middle class and poor as their production is likely to go down drastically in the ongoing kharif season in the State. Scanty rainfall in the beginning of southwest monsoon season is the reason for lower coverage of various crops. As per the first advance production estimates prepared by the Bureau of Economics and Statistics...
More »Barring soybean, area under major oilseeds declines by Dilip Kumar Jha
Despite a recovery, acreage of groundnut, sunflower and castorseed recorded a sharp decline this year due to low rainfall in major producing areas during the peak sowing season. The three major kharif oilseeds are sown for a month starting June 15 and harvested between October and December. Data collated by the ministry of agriculture showed the area under groundnut declined 28.37 per cent as on July 21. The sowing area under...
More »Delayed rains may hit sowing across West india by Madhvi Sally, Rituraj Tiwari & Jayashree Bhosale
Delayed monsoon rains in Gujarat, Maharashtra and Rajasthan are expected to impact the sowing of key crops such as cotton, groundnut, soybean, moong, urad, tur, seasum and potato. Farmers who had prepared the land in the hope of rains by June 15 are worried. According to the India Meteorological Department , monsoon is likely to remain subdued over the three states. AB Majumdar, deputy director general meteorology, Pune, said, "Rainfall will...
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