-PTI/ NDTV.com Global food crisis: At the high-level meeting, India spoke about the issue of the wheat export ban for the first time in the UN since its May 13 announcement. United Nations: Calling out the West, India on Wednesday said that food grains should not go the way of the Covid-19 vaccines as it voiced concern over hoarding and discrimination amid the "unjustified increase" in food prices. It stressed that its decision...
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Devinder Sharma, a well-known trade and agriculture expert, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Agri expert Devinder Sharma says today, as in the past, commodity trading, massive Speculation and unfair terms of trade are behind rising food prices. As India battles food price inflation, Devinder Sharma, a well-known trade and agriculture expert, explains why Indian policymakers should boost farm incomes to revive the economy. “If farmers, comprising 50% of the country’s population, were to receive a higher income through a guaranteed MSP, it would create...
More »Cotton Association of India asks MCX to prevent Speculation in Cotton Futures
-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in cotton prices." Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and asked the Exchange to...
More »'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...
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...
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