-The Asian Age The Economic Survey of 2015-2016 is a lovely document which goes into great detail on what is wrong with India on the economic front and offers good workable solutions to solve these problems. One of the points that the survey makes is regarding Indian agriculture becoming cereal-centric. The reason for this lies in the fact that the government procures rice and wheat from farmers at the minimum support price...
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Wheat output seen rising a little over 7 mt in FY16
-Business Standard Govt procurement target fixed at 30 mt in 2016-17, a bit more than in ongoing season; rice buying would be 35 mt Despite rough weather, wheat output would rise a little over seven million tonnes (mt) in 2015-16, enabling an increase in overall foodgrain production of one mt over the previous year, official advance estimates showed on Monday. Production of wheat is estimated at 94 mt, from 86 mt in 2014-15....
More »Wholesale food inflation at 17-month high
-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...
More »Will rabi bring a better harvest? -Prerana Desai
-The Hindu Business Line Yes, but it may not wholly make up for the drought-stricken kharif season Agriculture commodity supplies are erratic in India. They are more so now, due to a second consecutive year of below-normal monsoon, which has resulted in big setbacks to the kharif crop. Edelweiss Agri Research recently took up a nation-wide crop survey to estimate the sowing intentions for the upcoming rabi season. This, along with the...
More »Drought-hit Maharashtra's pulses output halved -Priyanka Kakodkar
-The Times of India MUMBAI: Even as the state reels under a shortage of pulses, estimates for the drought-hit kharif season which just ended show that the crisis could worsen. They show a steep 52% drop in the production of kharif pulses and a 30% fall in the production of kharif cereals for 2015-16 compared to a normal year. The overall production of kharif foodgrains is set to decline by an...
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