-PTI/ BusinessToday.in Retail prices of edible oils in India, which imports 60 per cent of its requirement, have shot up to 64 per cent in the past just one year, in line with the global developments Retail edible oil prices in the country will start softening from December with arrival of new crops and a possible decline in global rates, Food Secretary Sudhanshu Pandey said on Friday. Retail prices of edible oils...
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OECD-FAO: Global pulses trade to slow as India may boost production by 2030 -G Chandrashekhar
-The Hindu Business Line It observed that world pulses trade grew from 13 ml t to 17 ml t over the past decade The global pulse market that reached a volume of 92 million tons in 2020 - following an annual growth of 3 per cent during the previous decade – is expected to increase by 22 ml t by 2030, says OECD-FAO Agricultural Outlook 2021-2030 released earlier this week. Almost half of...
More »Modi Govt’s Policy to Reduce Oil Imports: Subsidise the Rich, Burden the Poor! -Ayaskant Das
-Newsclick.in Rice meant for the poor will be sold at subsidised rates to privately-owned ethanol distilleries. The industries will be given cheap loans and exempted from Environmental Clearances. Is the Modi government subsidising the rich at the cost of the poor by diverting foodgrains meant for the most impoverished sections of the population to private industries for producing alcohol for India’s ethanol blended petrol programme? There’s more: For manufacturing ethanol, foodgrains will not...
More »Why edible oil prices are on fire -Shubham Shankhdhar
-IndiaToday.in India’s edible oil demand far exceeds domestic production. At least 60 per cent is met through imports, and global prices are soaring. Is there a way out? These days, aside from the coronavirus, Ajay Kumar a 40-year-old a resident of Tagore Garden in West Delhi, finds himself worrying about inflation. He says his monthly spending on essentials like vegetable oils has been steadily rising—a litre of mustard oil now costs him...
More »It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
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