-TheCitizen.in The Farmers’ agitation starting November 26 2020, was against three Farm Laws. The Essential Commodities Amendment Act, 2020, (ECA Act) is one of them. ECA Act amends the Essential Commodities Act, 1955, (EC Act) enacted “in the interest of the general public, for the control of the production, supply and distribution of, and trade and commerce”, and more precisely, “for controlling the rise in prices or preventing the hoarding of any...
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It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
More »Milk prices defy seasonal trend as supply pressures build -Harish Damodaran
-The Indian Express On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions and tomatoes aren’t on fire like they were only a couple of months ago. That...
More »What agriculture needs: Risk mitigation -Shoumitro Chatterjee
-Hindustan Times Its absence make farmers less receptive to pro-market reforms which add to income uncertainty At the heart of the debate on farm laws is the issue of the level of farm incomes. Income volatility is a key dimension important for farmers’ welfare, understanding their anxieties, and the success of a pro-market reform. The two main risks associated with farming are production risks and price risks. While production-related risks that come...
More »APMCs losing trade share post reforms; crop arrivals fall as traders, farmers kick middlemen out -Nanda Kasabe and Deepa Jainani
-Financial Express Signs of a weakening of the Agriculture Produce Marketing Committee (APMC) networks are now evident across major farm production centres in the country, heralding an era of unfettered market access and bolstered bargaining strength for farmers. On June 5, the Centre promulgated three Ordinances reforming the country’s agriculture marketing, and their impact on the trade has been rather sudden and material: During the June 6-August 31 period, mandi arrivals of...
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