The government’s expectation of the rabi wheat crop making good the shortfall in the drought-affected kharif season has received a setback with a lower acreage in wheat, coarse cereals and oilseeds this season. The sowing of pulses, however, is 6.2 per cent higher than last year in the corresponding period. The sowing period ends around January 15. The sowing of rabi wheat, coarse cereals and oilseeds has fallen behind last year,...
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Set back in sowing of rabi wheat, cereals by Gargi Parsai
The government’s expectation of the rabi wheat crop making good the shortfall in drought-affected kharif season received a set-back with a lower acreage in wheat, coarse cereals and oilseeds this season. Sowing of pulses, however, is 6.2 per cent higher than last year in the corresponding period. The sowing period ends around January 15. The sowing of rabi wheat, coarse cereals and oilseeds has fallen behind last year and this does not...
More »Food inflation creeping up to high levels
Unprecedented rise in potato prices pushes up inflation Food inflation soared to 15.58 per cent for the week ended November 14 in the wake of an unprecedented rise in the prices of potato and other essential items. Official data based on the Wholesale Price Index (WPI) released here on Thursday for the week revealed that while potato prices have more than doubled in the past 12 months, other basic food...
More »Centre raises MSP for many rabi crops
The UPA government on Thursday raised the minimum support price (MSP) for most rabi crops, encouraging the sowing exercise under way. Aiming at making up the loss in kharif production due to delayed and poor rainfall, the Cabinet Committee on Economic Affairs (CCEA), presided over by Prime Minister Manmohan Singh, raised the minimum support price of wheat to be marketed in 2010-11 by Rs. 20 to Rs.1,100 per quintal. This year, the...
More »New data system reveals yearly food inflation at 13.39 per cent by Ashok Dasgupta
In a more realistic and less confusing picture of the situation, the new wholesale price data monitoring system introduced on Thursday revealed that inflation of food articles soared by 13.39 per cent year-on-year during the week ended October 24, mainly owing to a surge in potato and onion prices, even as inflation for primary articles declined by 0.11 per cent on a weekly basis. As per the new data collation system,...
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