-The Hindu Business Line Having recovered from their lows touched early or mid-2020, food prices are rising fast. At $574.8 a metric tonne in February 2021, the price of soyabean was 53 per cent higher than the corresponding month of 2020, when the effects of the Covid pandemic were yet to be felt (Chart 1). Over that period, the price of maize had risen from $168.71 to $245.24 a metric tonne...
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Agri share in GDP hit 20% after 17 years: Economic Survey -Shagun Kapil
-Down to Earth Agriculture was the only sector to have clocked a positive growth at constant prices in 2020-21 The share of agriculture in gross domestic product (GDP) has reached almost 20 per cent for the first time in the last 17 years, making it the sole bright spot in GDP performance during 2020-21, according to the Economic Survey 2020-2021. The resilience of the farming community in the face of adversities made agriculture...
More »Milk prices defy seasonal trend as supply pressures build -Harish Damodaran
-The Indian Express On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions and tomatoes aren’t on fire like they were only a couple of months ago. That...
More »It's Time Agricultural Production Kept Pace With India’s Changing Food Preferences -Seema Bathla and Siraj Hussain
-TheWire.in Going forward, processed foods, with both low and high levels of secondary processing, offers significant potential for non-farm jobs, and equally makes agriculture remunerative. India takes pride in producing surplus food-grains, oilseeds, spices, milk, fruits and vegetables. Many a time, due to a large supply of agricultural produce, market prices crash, leaving the farmers out in the cold. Low bargaining power, lack of storage infrastructure and inadequate cold storage facilities in the...
More »Shock treatment will not work in agriculture -Sarthi Acharya and Santosh Mehrotra
-The Hindu Post-1991, changes in industry caused a second de-industrialisation; the results in agriculture are likely to be no different Almost all sections of people including farmers agree that the Agricultural Produce Market Committee (APMC)-mandi policies for agricultural marketing, initiated in the 1960s for a few crops, have outlived their utility and the system needs a new policy in the face of the agricultural sector’s growth slowdown, the crop-composition not widening, and...
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