Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most Mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
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Rains hit Punjab’s wheat crop but grain piling up at Mandis, govt procurement shooting up - Sonal Matharu
The Print In compounds outside wheat Mandis across Punjab, gunny bags full of golden grain are piled up in huge quantities. Less than a month into the procurement season, the state has already contributed more than 100 lakh metric tonnes (LMT) of wheat in 2023-24 to the central government’s reserves. Haryana and Madhya Pradesh are the next big contributors with around 55 LMT and 50 LMT, respectively. Earlier this year, unseasonal rains...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Mandi prices of wheat fall, but still marginally above MSP -Sandip Das
-Financial Express Traders say that only a small quantity of wheat crop is held by farmers currently, as major chunks have been purchased by traders by paying higher than MSP prices in anticipation of a surge in exports. Mandi prices of wheat were ruling just above the minimum support price (MSP) on Wednesday in Rajasthan, Uttar Pradesh, Gujarat and Delhi. Trade sources told FE that in Punjab and Haryana, arrivals of wheat in...
More »India’s wheat ban knee-jerk reaction; could prove costly for farmers -Shagun
-Down to Earth The full impact of the wheat ban on farmers will be known only in the next few days, say experts India’s sudden decision to ban wheat exports with immediate effect citing food security may prove costly for its farmers. Many of them have held back their crop in the hopes of getting higher prices in the coming weeks. The impact of this decision is already being seen in wheat Mandis...
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