-The Hindu Business Line Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has...
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Why food inflation may turn sticky -Sayantan Bera
-Livemint.com * Despite the slowdown in rural demand, the spike in food prices is not showing any signs of cooling. Here’s why * This is the best time for the budget to address the volatility in food prices. Reliable market intelligence on crop production and timely advisories to farmers can help stabilize prices New Delhi: For more than five years now, the Indian countryside has only heard stories of anguish. Consecutive years of...
More »The puzzle of inflation going up despite low demand in India -Himanshu
-Livemint.com The government’s inordinately large food stockpiles have resulted in an artificial market scarcity On 7 January, the ministry of statistics released India’s advance estimates of national income for 2019-20, pegging the economy’s growth rate this financial year at 5%. Based on data available for the first two quarters, this seems an overestimate. Most indicators suggest that actual growth may be lower than 5%. This is bad news, especially since there is...
More »When farmers turn to play the market -Parthasarathi Biswas
-The Indian Express Between September and December, when retail onion prices soared from around Rs 30 to Rs 100-plus per kg (they have since fallen to Rs 50 or so), Paswan has similarly urged state governments through Twitter to “act” against alleged hoarders of the bulb. On January 7, Union Consumer Affairs minister Ram Vilas Paswan took to Twitter, to issue a stern warning to “hoarders”, whom he blamed for “creating artificial...
More »Price turnaround: These farmers aren't crying -Gopal B Kateshiya
-The Indian Express Food inflation isn’t a bad thing, at least for onion growers. Rajkot/ Bhavagar (Gujarat): AS THE winter sun turns red on the western horizon, Kishor Ranpariya and Haresh Saipariya discuss the overall crop situation and wholesale price trends. The former has just returned after selling 63.51 quintals of onion at the agricultural produce market committee (APMC) mandi in Rajkot, about 25 km from his home in Rataiya village in...
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