Output of major crops, including sugar, will be better or equal to 2008-09’s production figures, but food prices are unlikely to return to that year’s levels. Food inflation may have permanently changed to stay on the higher side, economists have said. For a UPA government battling high prices, this could be a gloomy piece of news. A surplus monsoon has boosted acreages of all crops, according to food ministry figures. Output of...

Inflation is in the news. Double-digit inflation persists, concentrated in prices of food and necessities. The retail prices of pulses are in the range of Rs 80-100 per kg. Seasonal vegetables retail at Rs 30-40 per kg. Yet, our pink newspapers believe there is little reason for concern. There is a boom in purchases of consumer durables. The middle class is prospering. The poor are better-off with the NREGA. And...

Owing to floods and incessant rains in northern India's Haryana, crops have been badly affected due to which the prices of the vegetables have gone up. Though the floods have receded in some parts of the area but large swathes of crops have been washed away. The wholesale rate for tomato has gone as high as Rs 40/kg, while the retail rate in some markets has reached Rs 60/kg. "Due to incessant rain...

The market price of potatoes in the forthcoming season, starting December, may reach Rs700 per quintal in March, according to agriculture economists. The economists have also predicted that the price of traditional basmati will range between Rs2,500 and Rs3,400 per quintal during the October-December period this year, which is the peak harvesting season for paddy. The forecasts were made by agriculture economists of Govind Ballabh Pant Agriculture University, led by Dr Jagdish...

A parliamentary standing committee has recently asked the government to introduce the national food security Bill in the winter session of the Lok Sabha. A promise to implement a Bill of this kind was first mooted in President Pratibha Patil's inaugural speech last year when she mentioned the government's intention to provide each family below the poverty line (BPL) with 25 kg of foodgrains a month at Rs 3 per...