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Foodgrain Blues: PDS Allocation Dips, Prices Rise -Subodh Varma

-Newsclick.in Meanwhile, output has also dipped due to weather ravages, which hints at tough times in coming months. Strange as it may sound but rice and wheat allocation for distribution through various welfare schemes has been steadily dipping in the past several years. It is strange because the population is growing and even the Supreme Court has urged the Central government to revise its population norms for food grain allocation since these...

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A rain dampener for kharif crops this monsoon poses price risks -Dharmakirti Joshi and Adhish Verma

-Livemint.com An uneven distribution of rainfall has left several key rice-producing states parched even as others had to battle excess water The patchy progress of the southwest monsoon this year has cast a long shadow on India’s kharif crop produce, particularly of rice, which is an important constituent of the government’s food distribution programmes. The threat comes right after wheat production in the rabi season took a hit from heatwaves and at...

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Cereal inflation likely to offset disinflationary forces, say experts -Sanjeeb Mukherjee

-Business Standard There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India Wheat prices in some markets have touched Rs 2,522 a quintal and cereal inflation is expected to remain sticky in the months ahead due to low wheat stocks in central granaries. Nomura India in a report said lower rice output will put pressure on domestic rice...

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Good news from the farm as India’s FY22 Foodgrain production estimated at record 316 mn tonnes -Sayantan Bera

-Livemint.com Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years. New Delhi: Production of Foodgrain in India — comprising rice, wheat, coarse grains and pulses — is estimated at a record 315.7 million tonnes in 2021-22, shows the fourth advance estimates released by the Agriculture Ministry on Wednesday. According to the latest numbers, wheat production is revised upwards, though marginally, from 106.4 million tonnes...

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Will Centre extend free Foodgrains scheme beyond Sept or let it fade away? -Sanjeeb Mukherjee

-Business Standard While the production of Foodgrains and the financial position of the government are important points, electoral compulsion may become the deciding factor for the survival of this scheme A sharp drawdown in India’s wheat inventory exacerbated by a fear of a fall in rice production due to drought-like conditions in the main growing states has raised questions on the government’s ability to sustain the free Foodgrains distribution scheme beyond its...

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