The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

Good weather conditions and the recent rains in North India have brightened the chances of a better wheat crop this year. Improvement in the cultivation per hectare of wheat and better quality seed may also help increase production. According to sources, the total wheat production of Haryana and Punjab may reach 268 lakh metric tonnes in 2010-11, compared to 256 lakh MT of the previous year. It is expected that while...

The country’s onion output is likely to dip by over 12% to 10.5 million tonnes in the 2010-11 crop year due to untimely and erratic rains last year, a top official said. India produced 12 million tonnes of onions in the 2009-10 crop year. Onions are grown in three seasons — kharif (summer), late kharif and rabi (winter). “We expect onion output to decline by 1.5 million tonnes to 10.5 million...

If dal roti went out of reach for the aam admi in 2009, vegetables and onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...

Showing its concern for farmers, the Mayawati government on Wednesday decided to implement the amended national agriculture insurance scheme (NAIS) and the all weather-based crop insurance scheme from the current sowing season. Both these schemes involve an expenditure of Rs 900 lakh. A decision to this effect was taken at a cabinet meeting presided over by chief minister Mayawati here on Wednesday. The NAIS, according to an official release, will be implemented...