-The New Indian Express However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, DGFT said in a notification dated May 13. CHANDIGARH: With the Russia-Ukraine conflict disrupting global wheat trade and the procurement of wheat dipping down this year due to hosts of reasons and the prices of wheat flour (Atta) is an all time high...
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India’s wheat ban knee-jerk reaction; could prove costly for farmers -Shagun
-Down to Earth The full impact of the wheat ban on farmers will be known only in the next few days, say experts India’s sudden decision to ban wheat exports with immediate effect citing food security may prove costly for its farmers. Many of them have held back their crop in the hopes of getting higher prices in the coming weeks. The impact of this decision is already being seen in wheat mandis...
More »All is Not Well With India's Gig Economy -Nilanjan Banik
-TheWire.in The bargain between companies and their 'employees' must become more equitable. The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%....
More »War, Food, Decolonisation and Why India Needs to Thank its Farmers -Prabhat Patnaik
-Newsclick.in The heroic kisan agitation against the farm laws has saved the day for India by defeating Imperialist efforts to undo India’s ‘food sovereignty’. Russia and Ukraine together account for 30% of the world’s wheat exports. Many African countries, in particular, are heavily dependent on them for their food supplies, which are now getting disrupted because of the war. And this disruption will continue since the war is also affecting the acreage...
More »Indian farmers benefit from a sharp increase in exports; government cuts procurement for welfare programmes - PK Krishnakumar
-Moneycontrol.com Global buyers have turned to India, the second-largest producer of wheat, after the onset of the Russia-Ukraine war. Russia and Ukraine together accounted for 30% of the global wheat supply. Indian wheat farmers are earning more this year, thanks to a sharp increase in exports after the February 24 start of the Russian invasion of neighbouring Ukraine, which has disrupted global supply chains. Prices have exceeded the government-fixed minimum support price (MSP)...
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