-The Hindu Business Line Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has...
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The puzzle of inflation going up despite low demand in India -Himanshu
-Livemint.com The government’s inordinately large food stockpiles have resulted in an artificial market scarcity On 7 January, the ministry of statistics released India’s advance estimates of national income for 2019-20, pegging the economy’s growth rate this financial year at 5%. Based on data available for the first two quarters, this seems an overestimate. Most indicators suggest that actual growth may be lower than 5%. This is bad news, especially since there is...
More »Onion crisis reveals how little the Government can do when the chips are down -Siraj Hussain
-TheWire.in Even if we had enough buffer stock, which we don't, the Centre has no delivery mechanism. The only viable alternative is to create modern storage infrastructure, but who is interested in doing that? It appears that it is the humble onion which is finally teaching urban India’s middle class of the perils of climate change. The deniers may still not want to believe it, but the current crisis of high onion...
More »Onion shortage: Here's why farmers gained little from record price rise -Dilip Kumar Jha
-Business Standard Farmers across the country have suffered a double whammy this year - first, their crop from last season was spoilt by floods, and then onion yield also dropped due to moisture in fields Lasalgaon: Raghunath Sawant, an onion farmer from Niphad taluka in Maharashtra’s Nashik district, is a worried man. And, he is not alone. Despite onion prices hitting Rs 130 a kg in the wholesale market, Sawant has not...
More »Sale of onion, pulses to continue from buffer stock: Government
-IANS The representatives of the Ministry of Agriculture said that due to Diwali, the market was closed in Maharashtra due to which the supply of onion was affected for two-three days. NEW DELHI: The Central government has directed NAFED to continue supplying pulses and onions from the buffer stock in order to keep the prices under control, an official said. A meeting was held here on Wednesday under the chairmanship of Avinash Kumar...
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