-The Financial Express Unless we get it right on the markets front, including opening up of exports, farmers cannot get their full due One of the key objectives of agricultural price policy in India is to ensure that agriculture remains a remunerative occupation so that farmers are incentivised to adopt modern technologies that help raise productivity and overall production of various crops in the country broadly in line with the emerging demand...
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Government Cuts Onion MEP to USD 150 a Tonne
-Outlook Government today reduced minimum export price (MEP) of onion to USD 150 a tonne from USD 350 to boost shipments and check sharp fall in domestic prices that has led to farmers protest in producing states. This is the third downward revision of onion MEP, the benchmark price below which the commodity can not be exported, this month. On December 16, the Centre had reduced it to USD 800 a tonne...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »WTO rules must address food security needs of developing countries –UN expert
-The United Nations A United Nations independent rights expert called today for policy changes that will allow developing countries the freedom to use their reserves to help secure the right to food without the threat of sanctions under current World Trade Organization (WTO) rules. "Trade rules must be shaped around the food security policies that developing countries need, rather than policies having to tiptoe around WTO rules," said Olivier De Schutter, Special...
More »Tit-for-tat plan in potato row -Sandip Bal
-The Telegraph Bhubaneswar: The Bengal government-designed potato shortage has prompted vegetable sellers in Odisha to plan a retaliation. The traders' associations in Balasore have threatened to detain trucks carrying essential commodities and fish from Andhra Pradesh and other states to Bengal on the national highway passing through this district in retaliation to the Bengal government's decision. Despite chief minister Naveen Patnaik requesting his counterpart in Bengal, the largest supplier of potato to Odisha,...
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