-The Times of India NEW DELHI: There’s no respite in sight for fuel consumers as pump prices remain on a record-breaking spree as crude clambers towards $80(approximately Rs 5,314) a barrel-mark in a market edgy over US bailing on Iran nuclear deal, outages in Venezuela and uptick in demand. Petrol and diesel prices scaled new peaks on Tuesday as benchmark crude rose to $75(approximately Rs 5,000)a barrel, its highest since November 2014. In...
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Higher arrivals pull onion prices down to new low -Vishwanath Kulkarni
-The Hindu Business Line Bengaluru: With onion prices at their lowest level in calendar year 2018, Exporters said the Centre should bring back incentives to ship out more bulbs, to help stabilise prices and provide better returns to farmers. As the harvest of the rabi onion crop gains pace across the key producing regions of Maharashtra and Karnataka, prices have declined drastically, leaving growers in tears. At Lasalgaon, the largest onion market...
More »IMD monsoon forecast showers Indian economy with cheer -Srishti Choudhary & Sayantan Bera
-Livemint.com Rainfall will be 97% of the 50-year average with a 54% probability that rains will be normal to above normal, IMD said in its first stage, long-range monsoon forecast New Delhi: Rainfall is likely to be normal during the June-to-September southwest monsoon season, the government’s weather office said on Monday. “For the third consecutive year, India will have a normal monsoon. There is very less probability of experiencing a deficit monsoon. We...
More »Freeing the farm -Ashok Gulati & Shweta Saini
-The Indian Express Raising agricultural Exports requires the government to unburden policy of consumer bias. A balance should be struck between meeting the needs of food-insecure consumers and income-insecure farmers. The Agriculture Minister, Radha Mohan Singh, recently tweeted about the government’s resolve to increase the value of the country’s agricultural Exports to $100 billion by 2022-23. The Dalwai Committee Report on doubling farmers’ incomes also talked of a similar target. It said,...
More »MSP for Jowar: At 150% of cost, it will distort market price -Prabhudatta Mishra
-Financial Express If the government implements the assured minimum support price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the measure would also dampen Exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...
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