-The Hindu Huge quantities of stock being routinely seized from middle-men Hyderabad: How much of food grain supplied under the Public Distribution System (PDS) is actually being consumed by white-card holders? Does the scheme truly satisfy its beneficiaries? While the answers are elusive, the fact remains that large quantities of stock are being sold illegally. Statistics provided by the Vigilance & Enforcement (V&E) Department show that huge quantities of stock are routinely being...
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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of December, 2013
-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of December, 2013 declined by 1.3 percent to 179.2 (provisional) from 181.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.16% (provisional) for the month of December, 2013 (over December, 2012) as compared to 7.52% (provisional) for the previous month and 7.31% during the corresponding month...
More »Food inflation may ease but supply-side woes pinch farmers, consumers -Anil Sasi
-The Indian Express Farmers are simply not among those benefiting from the higher prices of their produce. While a fall in headline inflation numbers will ensure some breathing space for embattled policy makers, the sharp surge in food inflation to a 41-month high of close to 20 per cent in November hides an even more disturbing fact - that despite the consistent spike in the year-on-year agri price levels at the...
More »Global food prices steady in December, 2013 prices third highest on record –UN agency
-The United Nations For the second consecutive month, the cost of food worldwide remained nearly unchanged in December, with overall global food prices for 2013 among the highest on record, the United Nations food agency today reported. In a news release, the UN Food and Agriculture Organization (FAO) said its most recent Food Price Index averaged 206.7 points, nearly the same as the 206.4 in November. The FAO's Index measures the monthly change...
More »World food prices stay high, but steady
-FAO 2013 third highest year on record for FAO Food Price Index Rome: The FAO Food Price Index averaged 206.7 points in December, nearly unchanged from the previous month, with a sharp increase in dairy prices and high meat values balancing out a steep decline in sugar quotations and lower cereal and oil prices. For 2013 as a whole, the index averaged 209.9 points - down 1.6 percent from 2012, and well below...
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