-The Hindu Business Line Having recovered from their lows touched early or mid-2020, food prices are rising fast. At $574.8 a metric tonne in February 2021, the price of soyabean was 53 per cent higher than the corresponding month of 2020, when the effects of the Covid pandemic were yet to be felt (Chart 1). Over that period, the price of maize had risen from $168.71 to $245.24 a metric tonne...
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How India can be ‘atmanirbhar’ for edible oil production -Girish Kumar Jha, Renjini VR and Aditya KS
-Down to Earth In 2019, India imported around 15 million tons of edible oils worth approximately Rs 7,300 crore edible oils are indispensable in the Indian kitchen. But it might be surprising to many that India imports most of the oil it consumes, unlike most other agricultural products which are produced locally. Even after having a diverse agro-climatic conditions, abundant land and large sections of population depending on agriculture, why does India have...
More »How India Was Stripped of Its Atmanirbharta in the edible oil Industry -BM Vyas and Manu Kaushik
-TheWire.in The rise and fall of the biggest importers of edible oil in the world. ‘Freedom is the greatest fruit of self-sufficiency’ – Epicurus The COVID-19 pandemic has been detrimental for globalisation and has led to a clamour for protectionism. India’s national strategy is also in line with this trend with calls for ‘Atmanirbharta’ and ‘vocal for local’ increasing. Traditionally, India was an exporter of edible oil before Independence, became self-sufficient post-Independence (till the early 1970s),...
More »Explained: What determines onion prices -Parthasarathi Biswas
-The Indian Express In back-to-back moves aimed at controlling onion prices, the government has relaxed import norms and now reintroduced stock limits. Why have prices been rising, and how far can these moves check the rise? With less than a week to go for the Bihar elections, the Centre on Friday reintroduced the stock limit on onions — a move aimed at controlling rising prices, which crossed Rs 80 per kg in...
More »Farm Acts – unwanted constitutional adventurism -R Ramakumar
-The Hindu There is a case to argue that the three Acts have poor legal validity, may be unconstitutional and weaken federalism The passage of the three Farm Acts by Parliament has led to a constitutional debate. These Acts are: the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020, and the Essential Commodities (Amendment) Act, 2020....
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