-The Indian Express The transition from a regime of ‘downward stickiness’ to ‘upward stickiness’ has relevance beyond economic jargon. Here’s how Agricultural commodity prices in India have traditionally exhibited what economists call “downward stickiness” — resistance to any declines, while rising at the slightest demand-supply imbalance. That conventional wisdom may have been turned on its head by demonetisation. The tendency now is for prices to be increasingly “sticky upward”. The accompanying table (right)...
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Madhya Pradesh to compensate farmers selling at lower than MSP -Milind Ghatwai
-The Indian Express The registration of farmers will begin from September 1. Besides personal details like phone number, bank account details and Aadhaar number, the farmers will have to share details of cultivation and acreage Bhopal: The Madhya Pradesh government is set to roll out a populist scheme to compensate farmers when they are forced to sell their crops below the minimum support price (MSP) in mandis. The move by the...
More »Weak govt finger on the pulse: Dal pinches for farmers -Harish Damodaran
-The Indian Express The woes of pulses farmers and traders like Kagi can be put down to all-time-high imports of 6.6 mt (valued at Rs 28,524.05 crore) on top of a record domestic production of 22.4 mt in 2016-17 — made worse by the weak, behind-the-curve policy response whether to do with trade or stockholding restrictions. Agriculture in India has always suffered from lethargic and uncoordinated policy response. And there can be...
More »'Tomato prices likely to decline in next 15 days'
-PTI New Delhi: Tomato prices, which have skyrocketed up to Rs. 100/kg, are more likely to decline over the next fortnight as supplies from southern and other growing states are expected to improve, said a senior ICAR official. Retail tomato prices have gone through the roof for more than a month now in most parts of the country and are still ruling high up to 100 per kg, as per the Consumer...
More »Middle Earth Moguls -Pragya Singh
-Outlook Good monsoon or bad, glut or drought, boom or bust...it’s always fair weather for the range of middlemen who come between the farmer and consumer. An anatomy of the trade. One of the axioms of logic is called the Law of the Excluded Middle. Something has to be either true or false—there’s no middle ground. As we all know, economics works a bit differently. Facts can be fickle, data pliable, and...
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