-MoneyControl.com India’s production of oilseeds is too little to provide for the domestic demand and therefore is dependent on imports. The average retail prices of edible oils rose to their highest in May with soyabean oil prices climbing to nearly Rs 150 for a kilo and sunflower oil to Rs 170. The prices of both edible oils have jumped around 50% from the levels prevailing when the country was under a national...
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Worrying spike in Global Food Prices -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line Having recovered from their lows touched early or mid-2020, food prices are rising fast. At $574.8 a metric tonne in February 2021, the price of soyabean was 53 per cent higher than the corresponding month of 2020, when the effects of the Covid pandemic were yet to be felt (Chart 1). Over that period, the price of maize had risen from $168.71 to $245.24 a metric tonne...
More »Mandi arrivals: Seven key summer crops see big drop -Prabhudatta Mishra & Nanda Kasabe
-Financial Express Only three crops -- groundnut, jowar and moong -- have recorded higher arrivals on year (see chart). Even in the case of jowar and moong, arrivals fell in the largest-producing states of Maharashtra (-39%) and Rajasthan (-7%), respectively. Amid the row over the three new federal farm laws aimed at giving unfettered market access to farmers, the producers of various crops seem to have started to rely much less on...
More »When farmers turn to play the market -Parthasarathi Biswas
-The Indian Express Between September and December, when retail onion prices soared from around Rs 30 to Rs 100-plus per kg (they have since fallen to Rs 50 or so), Paswan has similarly urged state governments through Twitter to “act” against alleged hoarders of the bulb. On January 7, Union Consumer Affairs minister Ram Vilas Paswan took to Twitter, to issue a stern warning to “hoarders”, whom he blamed for “creating artificial...
More »Excess rain has damaged kharif crops: Skymet -TV Jayan
-The Hindu Business Line The maximum crop damage was reported from Western Madhya Pradesh, which received 61 per cent surplus rains. Excess monsoon rains and the floods caused by them affected crops in many States, including Madhya Pradesh, Maharashtra, Gujarat, Karnataka and Punjab, according to a kharif crop damage report released by private weather forecaster Skymet on Tuesday. While 40 to 50 per cent of soyabean crop has been hit in Madhya...
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