-The Hindu Business Line The extended ban has affected the turnover of commodity exchanges * What are the agri commodities in which futures trading has been banned by SEBI? SEBI has banned futures trading in seven agri commodities, including the derivatives of two produce. The banned commodities are non-basmati paddy, wheat, chana (Bengal gram), mustard seed and its derivatives, soyabean and its derivatives, crude palm oil and moong (green gram). * Why were they...

-Reuters/ Livemint.com Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output India is set to offer 2 to 3 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers as part of efforts to cool record high prices, two government sources said, even as state reserves have dropped to the lowest in six years. Wheat prices have surged in...

-Networkideas.org The Russian invasion of Ukraine and the subsequent war sparked rapid and dramatic increases in some global trade prices, particularly for fuel products, wheat and fertilizer for which Russia and Ukraine are major exporters. It is now clear that these price changes were not due to actual changes in total supply, which remained largely unchanged (although source locations and trade routes shifted). Instead, market expectations amplified by media hype, financial...

-Newsclick.in The government appears to be blithely indifferent to the devastation caused by its food grain mismanagement. The latest available data shows that the allocation of wheat for distribution through the Public Distribution System (PDS)— the ration system as it is known—has fallen dramatically this year. This has naturally led to a drop in offtake, that is, the distribution to needy families. Till October 2022, 115 lakh tonnes of wheat was allocated from...

-Hindustan Times India ranked 107th out of 121 assessed countries on the 2022 Global Hunger Index (GHI). Although there are some measurement issues in the GHI, the report says there is high malnutrition in India due to rice-wheat biased policies. Malnutrition in India manifests itself in terms of triple burden – underweight especially among poor, hidden hunger (deficiency in micronutrients), and overweight. The National Food Security Act, 2013 (NFSA) was introduced to...