-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...

-The Times of India There is more to this year's rainfall deficit than meets the eye. After the monsoon was officially declared over on September 30, 17 of the country's 36 weather subdivisions had received deficient or scanty rainfall. That's about 39% of the country's area, home to over 66 crore people, nearly half the country's population. Deficient is when rains are below the average by 20% or more while scanty...

-The Indian Express Government’s actions on the commodity reveals it is ignorant of how a market economy is run With each passing day this year, agriculture seems to be sagging and so is the Indian farmer. Deficit monsoon rains appear to be the trigger. Although rains offered some respite to Marathwada, the situation in India’s largest agri-state, Uttar Pradesh, has gone from bad to worse. Last year’s drought, with monsoon rains falling...

-NDTV Bihar: It's been a week since people of Katihar's Labha, a village about 300 kilometers from Patna, has boycotted 45-year-old Mohd Akhtar and his family. Mr Akhtar runs a Fair Price Shop which is responsible for distributing essential grains at subsidised rates under the government's Public Distribution System.   A meeting of village elders last week charged Mr Akhtar with fraud. "He never gives us our full quota. Sometimes he gives us...

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...