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'Betting on Hunger': Market Speculation Is Contributing to Global Food Insecurity -Kabir Agarwal, Thin Lei Win and Margot Gibbs

-TheWire.in An investigation has found that the industry and lobbyists have sabotaged efforts to rein in such behaviour.  New Delhi/London/Rome: Food prices have climbed to unprecedented levels in recent months, adding to an already precarious food security situation in large parts of the developing world. Nearly 200 million people already faced acute food insecurity in 2021, almost double the figure from 2016, according to a United Nations report released Wednesday.   The report blamed the...

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Strong demand may bring down closing stock of major farm goods by FY23-end -Sanjeeb Mukherjee

-Business Standard Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time By the end of this financial year or perhaps even earlier, depending upon the crop cycle, India might be staring at a multi-year low closing inventory levels of several key farm commodities. Stocks of sugar, wheat, cotton and oilseeds both, with traders and...

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Real wage rates of the rural workers hardly increased during the last 6 years

In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...

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As wheat prices soar, India could become Asia’s ‘food bowl’ -Subramani Ra Mancombu

-The Hindu Business Line APEDA in touch with countries, exporters to ship out requirements, says its chairman With wheat prices soaring to a record high of $13.50 a bushel (nearly $500 a tonne) on the Chicago Board of Trade on Friday, India is reaching out to exporters and countries that are looking for wheat supplies. In addition, it is also looking to supply other Agricultural commodities such as corn (maize) and rice, which...

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Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede -Subramani Ra Mancombu

-The Hindu Business Line Indian farmers gain as local wheat, maize, soyabean and mustard prices rise Prices of Agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine.  The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by...

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