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Government in overdrive to rein in prices of pulses -Dilip Kumar Jha & Sanjeeb Mukherjee

-Business Standard Plans to enhance buffer stock to 500,000 tonnes; Gujarat exempts importers from stock limit Even as retail prices of pulses continued to exceed Rs 200 a kg in some cities, the Centre stepped up its countrywide crackdown on hoarders and black marketers. The central government claims to have seized around 50,000 tonnes of pulses so far from 10 states, about 15,000 tonnes in the last few days alone. Officials say the...

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Food prices to remain lower for longer, says FAO report -Deepanwita Niyogi

-Down to Earth Reasons behind the trend include high inventory levels, lower oil prices and renewed strength of the US dollar The Food Outlook report released on Thursday states that agricultural commodities are going through a period of lower prices and less volatility. After dramatic price rise from 2007 till early 2011, cereal and vegetable oil prices are now steady as well as on the decline, the biannual publication of the Food...

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A policy failure in pulses -Ashutosh Kumar Tripathi

-The Financial Express The criteria for fixing MSP of pulses should be sensitive to prevailing market prices The agricultural price policy, which aimed at providing a remunerative and stable price environment to farmers through MSPs and obligatory procurement by government agencies, has helped India overcome massive food shortages to emerge as a net exporter of food. Though the Terms of Reference (ToR) of the Agricultural Prices Commission requires that policy-induced incentive should...

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Egg prices on a roll again -Aarati Krishnan

-The Hindu Business Line Though costs are down, prices are holding up on good demand for this protein source Egg prices in major Indian cities, which spiralled to ₹400 (per 100 eggs) in December last year, had moderated sharply in the first four months of 2015. But data from the National Egg Coordination Committee (NECC) shows that they have taken off again in the last three months — rising from ₹270-280 in April...

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UN: Foodgrain prices will see steady decline in next 10yrs -Vishwa Mohan

-The Times of India NEW DELHI: A UN report has projected steady decline in prices of foodgrains over the next decade, attributing the gradual price fall to increase in overall agricultural production and diversification of dietary choices towards meat and dairy products. The report, released last week, however, emphasized that prices of foodgrains would not fall below early 2000-levels "despite the advantageous scenario regarding global food pricing". It noted that additional agricultural...

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