One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
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Sugar surplus may drop due to U.P. rains, higher ethanol capacity
-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in Sugar Production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...
More »Debunking the myth of APMCs regulating agricultural marketing in a real world
When one of the three farm laws i.e., The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 was enacted last year, it was argued by its proponents that the legislation would allow the farmers to sell their produce (and the traders to purchase that produce) outside the Agricultural Produce Market Committee-APMC mandis after crop harvesting. In a way, that particular piece of legislation was enacted to end the...
More »Why the sugarcane-crushing season is set to start on a bitter note -Radheshyam Jadhav
-The Hindu Business Line Surplus stocks, high cost of production among worries Sugar mills in India gear up to start the new crushing season this month with a concern. Sugar Production has grown at an annual growth rate of 5.6 per cent over the past two decades, while consumption has grown at 2.4 per cent per annum. In the last five years, consumption of sugar has remained relatively static at about 25...
More »Hunger Amidst Plenty—Tragedy Continues 75 Years After Independence -Subodh Varma
-Newsclick.in As India celebrates its 75th Independence Day, there is a record harvest of foodgrains; but why are so many people hungry? India has reaped an all-time high food grain harvest for 2020-21 of nearly 309 million tonnes (MT), or nearly 31 crore tonnes, according to latest estimates by the agriculture ministry. This was propelled by record harvests of wheat (109.5 MT), rice (122.3 MT), nutri/coarse cereals (51.2 MT) and pulses (25.7...
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