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Explained: Why we need to sharply raise MSP for pulses -Harish Damodaran

-The Indian Express There is no alternative to boosting domestic production, farmers desperately need the incentive, and the country could do with saving on urea. Pulses are once again on the boil, with consumers paying around 50 per cent more for tur (pigeon pea) and urad (black gram) dal than they did a year ago. Even chana (chick pea), which had turned cheaper in the past three years, has seen a 40...

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Veggie, fruit prices soar by up to 100% -Subodh Varma

-The Times of India NEW DELHI: Prices of most food items have been inching up relentlessly through the past year despite several so-called reforms in management of food supply chains. While staples like wheat flour and rice have become marginally costlier, prices of pulses like Masoor and arhar have soared by up to 30%. Barring a few exceptions, prices of vegetables and fruits have shot up by 20 to 50%, and...

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Your food is not cheaper yet, but wait a while -Harish Damodaran

-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...

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Govt to announce relief package for farmers next week -Vishwa Mohan

-The Times of India NEW DELHI: The Centre may announce relief package for farmers, who lost their standing crops in rains and hailstorm in different states, on or after March 19. Officials, who have been visiting Maharashtra, Madhya Pradesh, Andhra Pradesh, Karnataka and Rajasthan to assess the overall loss to the farmers, will submit their reports to the Centre by March 19. The announcement will, however, be made only after taking permission from...

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Mega stocking by government pushing up food prices? -Surojit Gupta & Sidhartha

-The Times of India Stocking up of foodgrains by the government could be one of the major factors for the continuing surge in food prices, warn experts. Latest wholesale price data available on the industry department's website shows that wheat prices are up almost 20% in October compared to a year ago. That's at a time when the government is holding stocks of 42 million tonnes — three times the buffer stock...

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