-Business Standard Overall food inflation measured on CPI came down to 5.59% in Oct as against 7.67% in the previous month The Consumer Price Index (CPI) based inflation rose to 5.52% in October compared to the same period last year, its lowest rate since the government started releasing the data in February 2012. For September, CPI inflation was 6.46%, making October's numbers the third consecutive month that retail inflation has eased. According to...
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Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
More »Organic agri production rises in State
-The Pioneer Bhopal (Madhya Pradesh): As a result of the State Government's tireless efforts to promote organic farming in Madhya Pradesh, organic agriculture production in the State has risen to 5 lakh MT, about 40 per cent of country's total production. Cotton, wheat, foodgrains, fruits and vegetables are mainly produced through organic farming in the State. A study by industry body, Asshocham, said that MP has the potential to produce wealth of `23,000...
More »Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Farmers to pay more for animal fodder as deficient monsoon hits output of coarse grains -Jayashree Bhosale
-The Economic Times PUNE: The deficient monsoon this year is likely to hit production of coarse grains such as jowar and bajra and other minor millets like ragi and pulses the hardest. This may not have much impact on the country's food security because India has ample stocks of wheat and rice but it will add to the financial burden of farmers, who will be forced to pay more for animal...
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