An innovative mechanism to save farmers from exploiting traders, which India implemented as a national model in the 70s, is now being blamed for rising vegetable prices.     Agricultural produce marketing committees (APMCs) have become archaic and vegetables and fruits need to be taken out of these local market hubs, analysts say. “They have turned into platform for hoarders, rather than a buyer-seller platform,” farm expert Sompal, who was formerly union agriculture...

In India, people are upset about onions. Expensive cooking oil is causing hoarding in China, a practice banned by the government. Meanwhile, flour and bread are the main source of riots in Algeria and now Jordan. Worries over food prices are gathering pace and triggering alarm among politicians across the world. For there is nothing more likely to bring down a government than ignoring starving citizens, as Marie Antoinette found to...

Union Agriculture Minister Sharad Pawar, while admitting inflation was a cause for concern, attributed the upward trend to the gap between supply and demand. Pawar was speaking to reporters after inaugurating the Centre of Excellence for vegetable, under the Israel-India cooperation in Agriculture. Pawar maintained while the production of a few commodities was increasing, the demand was invariably surpassing the supply, leading to inflation in prices. He maintained the government was looking to...

The problem is all pervasive as the prices of almost all food items have been rising In a scenario that is all familiar in India and for that matter in many other countries too, rising food prices have become an extremely sensitive issue with major political and social ramifications that go well beyond the economic ones. Not that the economic consequences are unimportant. From the macroeconomic management point of view, rising food...

Beleaguered by rising prices, Union agriculture minister Sharad Pawar on Saturday termed sky-high onion prices a seasonal phenomenon and hoped that the picture will change in the coming months. “Onion prices have shot up as over 70% of crop from Nashik, which would have been ready for sale in December-January, was destroyed due to unseasonal rains. This has disturbed the cycle of supply in the country. It will be restored after...