-India.mongabay.com * After the drop in wheat production due to Heat waves, extreme weather events have now cast a shadow on rice production, which is likely to drop beyond centre’s initial 6% loss estimate. * In six years (2015-21), the country lost 33.9 million hectares of the cropped area due to floods and excess rains and 35 million hectares due to drought, which are likely to intensify as various studies predict. * Centre...
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Food items keep WPI up at 12.4 per cent
-The Telegraph There has been a pick-up in the prices of vegetables, fruits, eggs, meat and fish and cereals mostly because of erratic rains Wholesale price index-based (WPI) inflation eased to a 11-month low of 12.41 per cent in August on softening in the prices of manufactured and fuel products even as food items remained expensive. Although WPI inflation declined for three consecutive months in August, it remained in double digits for...
More »What explains the disastrous floods in Pakistan this year? -Sandipan Talukdar
-Peoples' Dispatch A convergence of factors such as extreme Heat waves, melting glaciers, and heavy monsoon rainfall explains the scale of floods in the country. All these factors are connected to climate change Floods have devastated Pakistan this year, with 33 million people affected and more than 1,200 killed. Rivers breaching their banks coupled with the bursting of glacial lakes inundated almost one-third of the country, causing a massive economic loss. Recovery...
More »Cereal inflation would be hard to tame amidst low rice acreage
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...
More »Prices of Food Items Rising Unchecked… -Subodh Varma
-Newsclick.in …while the government continues to remain clueless. By the end of June, wheat and flour prices were on fire with an incredible 10% inflation rate, according to the latest data available with the ministry of statistics and programme implementation (MoSPI). That means prices were 10% higher than in June last year. Just six months ago, in January, the inflation rate for wheat was 5.1%—uncomfortable but not yet lethal. This devastating rise...
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