-Livemint.com Average profit margin of farmers on all pulse varieties except gram (chickpeas) fell by 30% in 2016-17 year-on-year due to a record harvest and adverse government policies, said the CRISIL report New Delhi: The profitability of poor farmers in India who are dependent on rain-fed irrigation and grow pulses fell sharply during 2016-17 due to a record harvest and adverse government policies, said a report released on Monday. Average profit margin of...
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A new economics for a better world -Simon Sweeney
-The Hindu Business line It must focus on human security and societal development rather than feed the avarice of a golden ghetto minority The discipline of economics has long been obsessed with gross domestic product as the base measure of development. Contemporary economic globalisation and its dominant neoliberal ideology see other considerations as not worth more than a passing glance. Neoliberalism, which used to be referred to as the Washington Consensus, was promoted by...
More »Drop in pulses prices despite good rains reveals India's flawed agri policy -Abhishek Waghmare
-IndiaSpend The drop comes despite a good monsoon in 2016 A good monsoon that led to record sowing and production of pulses–especially tur dal (pigeon pea)–has almost halved their wholesale and retail prices in 2017, a year after dal prices skyrocketed to Rs 200 per kg in some cities at the end of 2015. In many state-regulated agricultural markets of major tur-producing states such as Maharashtra and Karnataka, prices have fallen to Rs...
More »Agriculture: Here's why farmers are in trouble despite high pulse procurement
-The Financial Express Given the likely 22 million tonne production of pulses this year, up more than a third compared to last year, it is not surprising prices have crashed. In the case of tur, for instance, retail prices are down from R118 per kg in Delhi on October 1, 2016 to R89 on March 1. As a result of the surge in pulses inflation last year, rabi sowing increased by...
More »Farmers are using futures contracts to counter price risks -Sayantan Bera
-Livemint.com According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months New Delhi: In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers’ groups are using futures contracts to hedge against price dips during the harvest season. For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO)...
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