-BusinessToday.in In the light of the current state of affairs in the state, UP government's target to hit record high in wheat procurement by June 15, 2022 looks like an elusive dream. The footfall of farmers at government-run procurement centres in Uttar Pradesh (UP) has been alarmingly low this season. The typically noisy, bustling centres were strangely quiet across several locations in the state for the last two weeks. Only a handful of...

-The Tribune Disruption in supplies due to Ukraine crisis may create food shortage, price distortions The war in Ukraine has become a war on the world’s poor. Russia and Ukraine, together, accounted for a quarter of the world’s wheat exports, one-sixth of global corn exports, nearly a third of barley and three-fourths of the export of sunflower oil. American sanctions on Russia mean it cannot sell its extra wheat in the global...

-Down to Earth The Punjab government April 12 appealed to the central government to allow relaxation in the norms of shrivelled grains without any value cut, since the farmer had already been penalised on account of lower yield The Punjab government said April 13, 2022 that the Centre has agreed to revise its wheat procurement norms for shrivelled grains, a day after Punjab Chief Minister Bhagwant Mann urged it do to so. Record-breaking...

-TheWire.in According to a research note by SBI, for every one dollar of increase in the pooled gas rate, India’s fertiliser subsidy bill shoots up by Rs 4,000-5,000 crore. There is no such thing as a localised conflict in a globalised world. Sooner rather than later, fallouts from the Russia-Ukraine war will overwhelm the operations of developed and developing economies alike, leading up to the largest, and possibly, the worst food crisis...

-Livemint.com Painful food inflation has stoked political unrest in many countries before and could do so again In order to understand the political and economic repercussions of Russia’s attack on Ukraine, analysts and economists have been concentrating on the rise of crude oil and natural gas prices, among other things. This isn’t surprising given that Russia is the world’s second largest exporter of oil and the largest exporter of natural gas. But...