Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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First wheat, now rice — hit by bad weather, output could fall by ‘10 mn tonnes’ this season -Sayantan Bera
-ThePrint.in A hit to India’s rice output could lead to a major policy overhaul as it arrives on the back of a lower wheat harvest. New Delhi: After a severe heat wave in April-May singed India’s wheat crop, leading to a ban on exports, planting of rice, the main rain-fed crop in the ongoing kharif season, has been hit due to patchy rains in several states. Major rice-growing states such as Uttar Pradesh,...
More »UN Report: Global hunger numbers rose to as many as 828 million in 2021
-Press release by FAO dated 6 July 2022 The latest State of Food Security and Nutrition report shows the world is moving backwards in efforts to eliminate hunger and malnutrition Rome/New York: The number of people affected by hunger globally rose to as many as 828 million in 2021, an increase of about 46 million since 2020 and 150 million since the outbreak of the COVID-19 pandemic (1), according to a United...
More »Food price inflation could have been avoided, says new IPES-Food report
-International Panel of Experts on Sustainable Food Systems (IPES-Food) How the failure to reform food systems has allowed the war in Ukraine to spark a third global food price crisis in 15 years, and what can be done to prevent the next one. With the invasion of Ukraine sparking a third food price crisis in 15 years, a new IPES-Food special report, ‘Another Perfect Storm?’ takes stock of the critical factors fanning...
More »India had dropped the ball & exported excess wheat in 2004-05. Modi govt shouldn’t repeat it -Shweta Saini, Siraj Hussain, and Pulkit Khatri
-ThePrint.in In 2004-05, lack of information on private trade contracts resulted in much larger quantities of wheat exports than intended. India had to import for years to make up. It is clear by now that Indian wheat production in 2021-22 Rabi season is going to be lower than the government’s second advance estimate of 16 February 2022, of 111.32 million metric tonnes (MMTs). The moot question is by how much? Also, if...
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