-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
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Agri-commodities show early signs of price rebound -Dilip Kumar Jha
-The Business Standard Wholesale prices of edible oils have risen 40% since Oct 15; pulses and wheat have surged 4.62% and 8.33%, respectively These could still be early signs, but it appears the breather on food inflation that India has been enjoying for some time is going to end. Following a sharp reduction in production estimates, prices of key agricultural commodities have risen over the past three weeks. According to data from the...
More »Steady rise in fruits and veggies production
Despite high prices of fruits and vegetables, India's area under horticultural crops - mainly fruits, vegetables, spices and flowers - has doubled in around twenty years (between 1991-92 and 2012-13). This has resulted in increase in production of horticultural crops nearly threefold (2.8 times). A new report from the Ministry of Agriculture says that the area under horticultural crops during this period rose from 12.77 million hectares to 23.69 million...
More »Farm distress looms as global crop prices crash after 10-year bull run -Harish Damodaran
-The Indian Express For the last 10 years, farmers in India benefited from both increased production and higher price realisations - leading to rising rural incomes and declining poverty rates. That happy story may now be near its end - which could be the precursor to a renewed crisis in agriculture. The main reason is declining global prices for most agri-commodities (see Table 1). Over the last five-six months, corn, wheat and...
More »Senior bureaucrat bats for food security concern
-The Business Standard Cabinet secretary asks WTO to not put issue on backburner but address it up front Laying down India's stand on World Trade Organisation negotiations, cabinet secretary Ajit Seth on Thursday said the country's food security concerns cannot be relegated to the back-burner, but should be addressed up front. "Addressing the food security concerns is important, as India still has 190 million hungry people," Seth said at an event organised...
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