Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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Review: Standing Committee asks FCI to work towards reduced wastage & stringent action against delinquent officials -Sai Krishna Muthyanolla
-Factly.in The parliamentary standing committee on Food, Consumer Affairs, and Public Distribution presented a report regarding the Procurement, Storage and Distribution of Food grains by the FCI in August 2021. The government has now presented its action taken report. Here is a review. Food security is an important element of a nation’s stability and prosperity. The starting point for ensuring food security is the procurement stage, followed by storage, and distribution. In...
More »India’s ‘wheat waiver’ WTO demand is risk-fraught -Prabhash Ranjan
-The Hindu Such a stand will dilute its core agenda of pushing for a permanent solution to public stockholding for food security One of the cardinal demands of India in the World Trade Organization (WTO) — and rightly so — has been to find a permanent solution to the issue of public stockholding (PSH) of food to protect India’s food security (PSH policy). India’s PSH policy is based on procuring food from...
More »'Wheat stocks can be 80% higher than buffer requirement by Apr 1 next year'
-PTI/ Business Standard The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm. The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm. In a written reply to Rajya Sabha, Food...
More »Mr. Modi, How are you Going to Handle Wheat? -Subodh Varma
-Newsclick.in With wheat stocks at a 14-year low and procurement at a 20-year low, how is the ration system going to deliver this staple to crores of people? At the end of June this year, government procurement of wheat was about 188 lakh tonnes, dramatically down by 57% from last year’s 433 lakh tonnes, as per official figures. This is the lowest procurement amount in the last two decades. It was back...
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