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The story behind India's missing wheat stock -Sanjeeb Mukherjee

-Business Standard A cool weather laden with moisture is good for the wheat crop. However, such a climate has been absent this year India's wheat market is in a tizzy as supply projections and actual arrivals are not matching, raising a big question mark over the Centre's official production estimate for 2015-16. The agriculture ministry in its third advance estimate of foodgrain production released earlier this month had estimated wheat output at over...

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Chickpeas futures trading may face ban

-The Hindu States asked to exempt pulses from Value Added Tax and other local levies to control prices The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while...

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Drought dries up milk procurement in key States -Rutam Vora & Vishwanath Kulkarni

-The Hindu Business Line Accumulated stocks of skimmed milk powder insulate consumers from price hike Ahmedabad/ Bengaluru: The drought and heat wave across many States has impacted milk production, thereby affecting procurement by dairy co-operatives and private players. In the key milk-producing States of Maharashtra, Gujarat, Uttar Pradesh and Rajasthan, the procurement of liquid milk has dropped 20-50 per cent, which is more than the usual seasonal decline witnessed during summer. Experts blamed it...

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In a year of flat food output, pulses poses inflation worry -Zia Haq

-Hindustan Times India’s below-average and a largely flat food production this year is sure to keep prices of pulses high, prompting the government to take a slew of steps aimed at taming prices. Yet there is widening demand-supply deficit of one of the commonest protein item on an average Indian’s plate. * What happened? Lentils, the commonest protein item in an average Indian’s meal, are low on supplies. * What does it mean? Pulses could...

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Cattle facing a famine in Bundelkhand, finds survey -Sayantan Bera

-Livemint.com Compensation for crop loss due six months ago is yet to reach farmers, says Swaraj Abhiyan Villages across drought-hit Bundelkhand, a hilly region divided between the states of Uttar Pradesh and Madhya Pradesh, are reporting an abnormally high number of cattle deaths due to acute shortage of fodder and water, said a survey released on Monday. “For cattle the famine has arrived,” the survey by non-profit organization Swaraj Abhiyan said, adding,...

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