-International Panel of Experts on Sustainable Food Systems (IPES-Food) How the failure to reform food systems has allowed the war in Ukraine to spark a third global food price crisis in 15 years, and what can be done to prevent the next one. With the invasion of Ukraine sparking a third food price crisis in 15 years, a new IPES-Food special report, ‘Another Perfect Storm?’ takes stock of the critical factors fanning...
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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)...
More »'Betting on Hunger': Market Speculation Is Contributing to Global Food Insecurity -Kabir Agarwal, Thin Lei Win and Margot Gibbs
-TheWire.in An investigation has found that the industry and lobbyists have sabotaged efforts to rein in such behaviour. New Delhi/London/Rome: Food prices have climbed to unprecedented levels in recent months, adding to an already precarious food security situation in large parts of the developing world. Nearly 200 million people already faced acute food insecurity in 2021, almost double the figure from 2016, according to a United Nations report released Wednesday. The report blamed the...
More »Britannia warns of further price hikes -Suneera Tandon
-Livemint.com The company estimates that it will have to increase prices by another 10% this year if spot prices of key commodities persist in the current fiscal NEW DELHI: Biscuit maker Britannia Industries Ltd, said it will have to take “tough calls" and initiate price corrections as inflationary headwinds continue to persist. In the last fiscal, the maker of Good Day biscuits and packaged cheese hiked prices by 10%. Major factors for the inflation...
More »UN agency in talks with India on wheat procurement amid Ukraine war
-PTI/ The Hindu World Food Programme report talks of a three-dimensional crisis — food, energy and finance The United Nations’ World Food Programme (WFP) has said that it is in discussions with India on procurement of wheat as several countries face food security challenges amid the Ukraine war. “We are in discussions with India on procurement of wheat. So, that is something which is ongoing,” the WFP’s Chief Economist Arif Husain said at...
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