-The Indian Express Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply While there is debate on how much the lockdown has helped in “flattening the Covid-19 curve”, one thing is clear: It has led to a flattening of prices through a “leftward shift in the demand curve”. The best way to illustrate this is through two agricultural...
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Impact of COVID-19 on Agricultural Workers -Navpreet Kaur and Amanpreet Kaur
-Vikalp.ind.in The unplanned countrywide COVID-19 lockdown has resulted in widespread distress to both principal classes among the rural population namely the peasants and agricultural workers. Peasants suffered in the first place from crop losses due to unplanned lockdown induced delay in harvesting of mechanised crops. Apart from this an additional problem for peasants was the elevated fluctuation in prices (fall in nominal prices more often than not) of both crops and...
More »Suggested resources to understand the COVID-19 crisis better
These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...
More »The great lockdown gums up animal farms -Sayantan Bera
-Livemint.com * India’s cattle are on an enforced diet, milk’s value is on the slide and chicken farmers are in deep despair * The livestock sector contributes 30% to India’s agricultural GDP and is valued at over ₹9 trillion. Yet, during the lockdown, policy and remedial interventions have largely focused on crops NEW DELHI: Shravan Kumar Yadav often wakes up in the middle of the night these days. The incessant mooing and grunting...
More »Explained: What explains crude oil prices falling below the $0 mark -Udit Misra
-The Indian Express The first thing to understand is that, even before the Covid-19 induced global lockdown, crude oil prices had been falling over the past few months. US oil markets created history on Monday when prices of West Texas Intermediate (WTI), the best quality of crude oil in the world, fell to “minus” $40.32 a barrel in New York. Not only is this the lowest crude oil price ever known —...
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