-The Financial Express Though food inflation could be lower than last year's 11.1%, fruit and vegetable prices remain the pressure points. Concerns over monsoon have diminished a lot in recent weeks because of four positive developments. First, rainfall deficiency has reduced sharply from a century-high of 45% for June to 17% as on August 18. Second, sowing has caught up significantly from 40% below normal in mid-July to just 2.3% below normal...
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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Commodities price ease as monsoon advances -Suresh P Iyengar
-The Hindu Business Line Edible oil, sugar prices drop sharply as rainfall deficit shrinks to 19% Mumbai: With the monsoon deficit shrinking and the Government keen to crack down on hoarders, prices of most essential commodities such as edible oil, sugar and wheat are showing signs of softening in the wholesale market. After a lacklustre start, the South-West monsoon has recovered since mid-July. The rainfall deficit has shrunk to 19 per cent currently.....
More »Ram Vilas Paswan, the minister in charge of food and public distribution talks with Sanjeeb Mukherjee
-The Business Standard Interview with Union minister in charge of food and public distribution Ever since the new government took office in May, food prices and related issues have been one of the most discussed subjects. Ram Vilas Paswan, the minister in charge of food and public distribution, says hoarders are to blame. And, speaks of the various other priorities under his charge. Edited exceprts of a talk with Sanjeeb Mukherjee: * The...
More »Data in: hoarding fears hyped, price-rise problem is seasonal -Anil Sasi
-The Indian Express For tomato, however, the difference jumped from 4 per cent on July 8 to 100 per cent on August 8. A month after the central government brought onions and potatoes under the Essential Commodities Act, 1955, and empowered states to put stockholding limits on these vegetables to rein in hoarders, the difference between their wholesale and retail prices has not reduced. And in the case of other kitchen staples such...
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