-The Financial Express The minimum that the govt can do is to remove all restrictions on a free market for pulses Last year, roughly at this time, the price of tur dal (pigeon pea) in the retail market was hovering around R180/kg. Prices of other pulses were not far behind. They were all spiraling up due to back-to-back droughts during 2014-15 and 2015-16. Production of all pulses had plunged to 16.5 million...
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Agriculture: Here's why farmers are in trouble despite high pulse procurement
-The Financial Express Given the likely 22 million tonne production of pulses this year, up more than a third compared to last year, it is not surprising prices have crashed. In the case of tur, for instance, retail prices are down from R118 per kg in Delhi on October 1, 2016 to R89 on March 1. As a result of the surge in pulses inflation last year, rabi sowing increased by...
More »Budget and agri-commodity trading: Searching for a spot in the future -Pravesh Sharma & Raghav Raghunathan
-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...
More »Good news! Your food bill in 2016-17 set to fall; here's why
-The Financial Express Higher output of rice, wheat and pulses to soften retail prices Supported by normal monsoon last year and more than normal kharif and rabi sowing, the country’s foodgrain production in 2016-17 crop year is estimated to increase by 8% from the previous year to record 272 million tonne (mt). According to the second advance estimates of production of major crops — rice, pulses, oilseeds, cotton and sugarcane for the crop...
More »Retail inflation cools to 5-year low of 3.2% in January
-The Times of India NEW DELHI: Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
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