-PTI/BusinessToday.in The wheat procurement target has been revised downward to 195 lakh tonnes for the current year from the earlier 444 lakh tonnes due to a fall in wheat output and increased exports. The government's wheat procurement fell by 53 per cent to 182 lakh tonnes so far in the current 2022-23 marketing year compared to the year-ago period on aggressive buying by private players for export purposes, according to official sources. The...
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Food security does not need this ‘surgical strike’ -Madhura Swaminathan and Deepak Johnson
-The Hindu India’s flip-flop on the export of wheat is an example of the Government lacking a coherent policy of food security The Government of India announced a sudden ban on export of wheat on May 13, 2022, a few days after Prime Minister Narendra Modi had stated that “at a time when the world is facing a shortage of wheat, the farmers of India have stepped forward to feed the world”....
More »Wheat caught in crossfire: How an export ban is affecting wheat prices -Dipu Rai
-IndiaToday.in How is the wheat export ban affecting its price in the domestic market? From war to heatwaves and floods to drought, wheat, a crucial global food, is under attack and is getting more expensive day by day. India was seen as a collateral beneficiary after the Russia-Ukraine war, but bread became more costly after a ban on its global sales. But this price change is working differently in the Indian domestic...
More »India roasted -Renu Kohli
-The Telegraph The economic impact of heatwaves is steep India is feeling the heat in ways other than the rising prices. The ongoing heatwave, in which temperatures have shot above 45 degree Celsius in many parts of northwest and central India, highlights the rising climate risks and their attendant costs. Heatwaves, beginning earlier than in the past, are part of a changing climate whose defining features, in addition to the gradual rise...
More »Devinder Sharma, a well-known trade and agriculture expert, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Agri expert Devinder Sharma says today, as in the past, commodity trading, massive speculation and unfair terms of trade are behind rising food prices. As India battles food price inflation, Devinder Sharma, a well-known trade and agriculture expert, explains why Indian policymakers should boost farm incomes to revive the economy. “If farmers, comprising 50% of the country’s population, were to receive a higher income through a guaranteed MSP, it would create...
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