In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
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Kharif Outlook: Farmers may opt for soyabean, groundnut instead of cotton
-The Hindu Business Line Question over pulses acreage linger; MSP, rainfall could decide growers crop choice “I will cultivate soyabean this year. Prices for it are ruling at over ₹7,000 a quintal and I will go for it,” says Sunil Mukhati, a farmer near Indore in Madhya Pradesh. “But it is not the case with all my co-farmers. Some of them plan to grow corn and some pulses (moong or green gram),” he...
More »Why edible oil prices have surged to their highest in a decade -Devika Singh
-Moneycontrol.com Edible oils have risen as much as 62 percent in the last year as bad weather in major producing countries and increasing use of biofuels has hit supply, but experts say the market will stabilize in a few months Prices of edible oils such as mustard, vanaspati, soya, palm, sunflower, and groundnut are more than their highest in a decade. Prices have risen as much as 62 percent from last year, Food...
More »Why edible oil prices are ruling high despite good crop and muted demand -Tina Edwin
-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...
More »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...
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