-The Hindu Business Line Indian farmers gain as local wheat, maize, soyabean and mustard prices rise Prices of agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine. The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by...
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Russia-Ukraine crisis: India economy to be among worst hit in Asia: Nomura -Puneet Wadhwa
-Business Standard A sustained rise in oil, Food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said The ongoing geopolitical crisis between Russia and Ukraine will impact Asian economies, but the impact will be polarized across the region, said analysts at Nomura in a recent report. The negative impact on Asia, they believe, is predominantly...
More »Govt eyes record 44.4 MT of wheat procurement in coming rabi marketing season -Sandip Das
-Financial Express The state wise procurement target of wheat includes Punjab (13.2 MT), Madhya Pradesh (12.9 MT), Haryana (8.5 MT), Uttar Pradesh (6 MT) and Bihar (1 MT). The government on Friday set the target for wheat procurement at a record 44.4 million tonnes (MT) for the Rabi marketing season (2022-23) commencing on April 1. Food Corporation of India (FCI) in collaboration with state government-owned agencies will procure wheat from farmers in the...
More »Crude oil not the only problem, more than 80% of India’s sunflower oil imports are from Ukraine -Samrat Sharma
-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...
More »8 out of 10 Indian households faced Food insecurity last year despite free ration relief: Survey
-GaonConnection.com Two years into the pandemic and the hunger and Food insecurity crisis continues. A survey reported decline in nutritional quality and quantity of Food despite some of the government schemes on Food grains having performed well. Details here. About eight in 10 surveyed Indian households — 79 per cent — have reported some form of Food insecurity during the pandemic and an alarmingly high 25 per cent reported severe Food insecurity....
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