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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India’s ‘wheat waiver’ WTO demand is risk-fraught -Prabhash Ranjan
-The Hindu Such a stand will dilute its core agenda of pushing for a permanent solution to public stockholding for food security One of the cardinal demands of India in the World Trade Organization (WTO) — and rightly so — has been to find a permanent solution to the issue of public stockholding (PSH) of food to protect India’s food security (PSH policy). India’s PSH policy is based on procuring food from...
More »Why the American Argument Against India's Food Subsidies Is Deceptive at Best -Biswajit Dhar
-TheWire.in India is being targeted using a deeply flawed methodology that the WTO has prescribed for estimating subsidies arising from market price support. On July 1, a dozen US Congressmen wrote a letter to President Joe Biden, asking him to hold India to account for its decades-long violation of commitments made to the World Trade Organisation (WTO). Their contention was that India had been providing MInimum Support Prices to its farmers in violation...
More »MSP will be justified through price deficiency payment: Ramesh Chand -Prabhudatta Mishra
-The Hindu Business Line It is needed most, not procurement, says NITI Aayog member Stressing that there is a need for the continuation of the minimum support price (MSP) scheme for crops, NITI Aayog member Ramesh Chand has said it is time to debate and discuss what should be the “means” to ensure the guaranteed returns to farmers since procurement cannot be the answer. Addressing a conference on “Getting agriculture markets right”, organised...
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...
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