-United Nations News Countries are expected to spend a staggering $1.8 trillion importing Food they need this year; this would be a new world record but worryingly, it’s going to buy them less Food, not more. That’s according to the UN Food and Agriculture Organization (FAO) which on Thursday suggested that for some countries, the situation potentially heralded “an end of their resilience to higher prices”. Ever-higher fixed costs for farmers of so-called...
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Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik
-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...
More »Extreme weather shriveled several crops this year, tomato prices surge 168% YoY -Zia Haq
-Hindustan Times Unseasonal rains also damaged lemon crops during the flowering stage in several states in January and then, a heatwave while March-April harvesting crimped output. In April, prices leapt to unseen levels, reaching up to ₹200 a kilo. New Delhi: Extreme weather that scientists have linked to climate change has hit output of several crops this year, making fruits and vegetables costlier. The average retail price of tomatoes, a basic ingredient of...
More »71% Indians can't afford a healthy meal, millions die every year due to poor diet: Report
-Livemint.com The diet of an average Indian typically lacks essential nutritional Food articles like fruits, vegetables, legumes The majority of Indians cannot afford a healthy meal and millions die every year due to diseases that are directly linked to poor diet, a recent survey showed. Noting that the diet of an average Indian typically lacks essential nutritional Food articles like fruits, vegetables, legumes, etc., the report said, “a healthy meal becomes unaffordable...
More »High in pesticides, many countries send back Indian tea
-PTI/ Hindustan Times All teas sold in the country must conform to the Food Safety and Standards Authority of India (FSSAI) norms. However, most of the buyers are purchasing tea that have unusually high chemical content, Kanoria told PTI. Both international and domestic buyers have rejected a series of tea consignments due to the presence of pesticides and chemicals beyond permissible limits, Indian Tea Exporters Association (ITEA) chairman Anshuman Kanoria said on...
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