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Milk prices defy seasonal trend as supply pressures build -Harish Damodaran

-The Indian Express On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions and tomatoes aren’t on fire like they were only a couple of months ago. That...

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Three Myths and the Three Farm Laws -Arindam Banerjee

-Vikalpind.in Much of the discourse on the three farm laws are influenced by certain prevailing myths about Indian agriculture and the food situation in the country within the academic and policy-making circles. First, there is a common perception, propagated by the ruling establishment, that India is a ‘food surplus’ nation, particularly with respect to cereals. Our farmers have allegedly over-produced cereals due to the MSP-based government support system. Secondly, any removal...

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Amending Few Clauses Not Sufficient, Repeal Farm Acts: Senior Economists to Agri Minister

-TheWire.in The economists, who have engaged with issues of agricultural policy, said that the Centre's reforms were based on "wrong assumptions" about why farmers were unable to get remunerative prices. New Delhi: A group of senior economists have released an open letter to the Union agriculture minister Narendra Singh Tomar calling for the repeal of the three contentious farm bills “which are not in the best interests of the small and marginal...

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The country should worry about further worsening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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Who are Shetkari Sanghatana, the group backing govt on the farm laws? -Parthasarathi Biswas

-The Indian Express While the Sanghatana has supported the farm laws, it has also demanded that the ban on the export of onions be removed forthwith — and has threatened to pelt BJP MPs with onion bulbs if the central government did not accede to the demand. On Monday, some farmers’ unions met Agriculture Minister Narendra Singh Tomar to express support for the three farm laws against which thousands of farmers are...

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