-Financial Express “Soyabean has been selling much above MSP, however, increase in MSP provides positive signals to farmers,” D K Pathak, executive director, Soyabean Processors Association of India, told FE. Mandi prices of several agricultural commodities for which the government had announced a 5-9% increase in minimum support prices (MSPs) for the 2022-23 season are currently ruling above the MSP. Only the prices of pulses are mostly ruling below the benchmark price. Mandi...
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Is the ban on wheat exports good policy? -Vikas Dhoot
-The Hindu It is ad hoc, hurts farmers’ incomes, and may not impact inflation much Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The wheat export ban came within days of a push to enhance India’s wheat supplies to the rest of the world after Russia’s invasion of Ukraine. This is a time of persistently high inflation, spurred by rising...
More »How two-wheeler dreams died in the countryside -Alisha Sachdev
-Livemint.com Industry estimates suggest two-wheeler sales for fiscal year 2021-22 (FY22) will close out at 14.5 million units, the lowest volume in almost a decade. This betrays a deep distress in incomes of rural households. Mint explains the fault lines: * Why are two-wheeler sales falling? Rural demand contributes 50-60% of two-wheeler sales in the commuter segment. Price increases, rising fuel prices and unseasonal rains leading to poor crop realizations have hit the...
More »World’s most vulnerable now paying even more, for less food: FAO
-United Nations News Countries are expected to spend a staggering $1.8 trillion importing food they need this year; this would be a new world record but worryingly, it’s going to buy them less food, not more. That’s according to the UN Food and Agriculture Organization (FAO) which on Thursday suggested that for some countries, the situation potentially heralded “an end of their resilience to higher prices”. Ever-higher fixed costs for farmers of so-called...
More »In India, What Explains Distribution Margins and Drug Prices Being Linked? -Murali Neelakantan and Ashish Kulkarni
-TheWire.in A Tata Nano pays the same toll to go from Mumbai and Pune on the expressway as does a Rolls Royce. Why should pharmaceutical products be any different? On May 26, amid news reports about yet another closed-door meeting that the National Pharmaceutical Pricing Authority (NPPA) had had with unspecified stakeholders, we were reminded of an interesting press release that the Ministry of Chemicals and Fertilisers had issued in July 2021. The...
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