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Food lifts WPI inflation to 23-month high

-The Hindu The acceleration will leave the RBI less space to cut rates Wholesale price inflation accelerated to a 23-month high of 3.6 per cent in July, driven mainly by higher food prices, according to official data.The pace of price gains as measured by the wholesale price index more than doubled in July from 1.62 per cent in June, leaving the Reserve Bank of India even less elbow room to cut benchmark...

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Deregulation of produce market from APMC is bound to fail, thanks to haphazard arrangements -Mahesh Vijapurkar

-FirstPost.com When a cart is put ahead of the horse, neither manages much progress. That's the best that can be said about the Maharashtra government's decision to deregulate the vegetables and fruits market, freeing the farmers from the clutches of the agricultural produce market committees (APMCs). Farmers have been told that they no longer have to be at the mercy of the commission agents who manipulate prices and instead, they can sell...

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Time to rethink India’s rice policy -Prerna Sharma

-The Hindu Business Line Govt’s production and distribution processes are out of sync with consumption patterns Of late, with growing income and awareness about nutritious food, there has been a noticeable decrease in the consumption of rice (a high-carb food) in Indian households. This change in consumption pattern, however, is not reflected in India’s agriculture policy which continues to revolve around rice and wheat. Moreover, current policies related to production, procurement, storage...

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APMC delisting: Vegetables price crash as farmers sell directly to consumers -Dilip Kumar Jha

-Business Standard Bitter gourd leads decline as green veggies nosedive up to 50% on Maharashtra's move to delist them from spot mandis Mumbai: Vegetables price have plunged in Mumbai over the past two weeks, on a sudden increase in direct supply from farmers to retailers and bulk consumers, following the state government’s removal of the legal compulsion for farmers to sell only at regulated wholesale markets (mandis). Prices of green vegetables have...

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Reaping distress -Jayati Ghosh

-Frontline The inability to resolve pressing problems with respect to the production, distribution and availability of food is one of the important failures of the entire economic reform process. IN the fateful month of July 1991, when the devaluation of the Indian rupee presaged the introduction of a whole series of liberalising economic reforms, agriculture was very far from the minds of most policymakers and commentators. The immediate focus was on...

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