-The Hindu India’s flip-flop on the export of wheat is an example of the Government lacking a coherent policy of food security The Government of India announced a sudden ban on export of wheat on May 13, 2022, a few days after Prime Minister Narendra Modi had stated that “at a time when the world is facing a shortage of wheat, the farmers of India have stepped forward to feed the world”....
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Cotton Association of India asks MCX to prevent speculation in Cotton Futures
-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in cotton prices." Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and asked the Exchange to...
More »Demand for lower cotton prices is not justified -A Narayanamoorthy
-The Hindu Business Line The textile industry’s vociferous demands will hit cotton farmers, who are facing the brunt of rising costs The recent rise in the price of cotton yarn seems to have hit the textile manufacturers hard, so, a large section of participants involved in value chain products of cotton has called on the government to take measures to arrest the price rise. While demanding higher taxes on cotton exports, they have...
More »Implications of futures contracts ban on select commodities -Suresh P Iyengar
-The Hindu Business Line Here is the BL Explainer on futures trading ban on select commodities, its benefits, controlling prices, and experts take on it. * What is futures trading? Futures trading is an agreement between two people to buy or sell a commodity at an agreed price on a future date. As per futures contracts traded on an exchange, one party consents to buy a given quantity of commodity with specified quality...
More »As mandis get shut, here are five ways the government can help farmers cope -Rajalakshmi Nirmal
-The Hindu Business Line Encouraging farmers to hedge through futures and increased use of WDRA warehouses are among key options With the nationwide lockdown to control the spread of Covid-19, mandis where farmers sell their harvest have also been closed. Across the country, the harvest of several crops including wheat, mustard, chana and coriander has started and farmers are sitting on truckloads of grains and pulses. In the kharif season, many farmers lost...
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