India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...
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Wake-up calls to the media on food front by S Viswanathan
An insightful article on “The wheat mountains of the Punjab” by Professor M.S. Swaminathan – one of the world's leading agricultural scientists and food policy experts – and a couple of reports on the Supreme Court of India's observations and directions on the same subject, published in this newspaper have drawn the attention of readers in substantial numbers. The article, published on May 11, 2011, throws new light on the present...
More »National Advisory Council to prevail on food security law by Prabha Jagannathan
The government is likely to accept most of the recommendations of Sonia Gandhi-led National Advisory Council (NAC) on the proposed food security law despite warnings that the suggestions would add to subsidy burden, increase dependence on imports and distort the country's food economy. The food ministry has set out plans that are in line with the NAC's proposal to widen the scope of the legislation, which seeks to provide legal...
More »Food Inflation in India to Climb on Labor, Energy Costs, Commission Says by Prabhudatta Mishra and Pratik Parija
Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...
More »Ashok Gulati, chairman of Commission for Agricultural Costs and Prices (CACP) interviewed by Ruchira Singh
The chairman of Commission for Agricultural Costs and Prices (CACP), Ashok Gulati, is a well-known proponent of reforms and an agricultural economist with diverse experience. Prior to taking charge of CACP, he was the International Food Policy Research Institute director in Asia. In an interview, Gulati spoke about the urgency for initiating reforms in the agricultural sector and made a strong case for intervention to check falling wheat prices either...
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