-Press Information Bureau (Ministry of Consumer Affairs, Food & Public Distribution) The retail and wholesale prices of sugar across selected centers have shown declining trends during last three months across the main market centers in the country. As on February 2, 2014. The average wholesale price of sugar as on 12.2.2014 was Rs. 3168 per quintal, down from the one year back price of Rs. 3519 per quintal. Similarly, the retail...
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The next farm challenge
-The Hindu Business Line One sector in which the United Progressive Alliance (UPA) can claim some success during its 10 years in power is agriculture. Between 2003-04 and 2013-14, India's foodgrain output rose from 213.19 million tonnes (mt) to 263.20 mt. Production of pulses and oilseeds has also gone up from under 15 and 25 mt to nearly 20 and 33 mt respectively, after registering near stagnation in the previous decade....
More »1200 tons of apples and potatoes rot in Uttarkhand -Seema Sharma
-The Times of India DEHRADUN: Around 1200 tons of apples and potatoes have rotted in areas affected by the June flash floods in Uttarkhand as the Garhwal Mandal Vikas Nigam (GMVN) could not move them to the markets due to poor connectivity of roads. Many roads are still not in a passable state in the region. The GMVN has suffered huge losses. GMVN's general manager of marketing Pratap Shah said, "GMVN had no...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
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