There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

-Down to Earth Low returns and high risks from alternative crops among reasons past efforts failed, says report The Commission for Agricultural Cost and Prices (CACP) has recommended promotion of crop diversification, favouring oilseed crops amid the global inflation in oilseeds and vegetable oils prices. Global inflation creates a structural risk as vegetable oils account for about half of India’s agricultural import, subsequently raising the country’s agri-import bill, the commission wrote in its...

-The Pioneer Raipur: Chhattisgarh the rice bowl of India has managed to maintain stable paddy production this year despite drought conditions prevailing in several districts of the State. The Indira Gandhi Agricultural University (IGAU) Scientists claim that except rainfall dependent fields which were devoid of showers, other regions in the State have continued to maintain the ‘good old agricultural standards’. “It is appreciable to notice that paddy farming had been carried out in...

-The Hindu Bengaluru: After slump in prices and harassment from moneylenders, the farming community now faces another hardship – failure of kharif crops owing to severe drought. About 26 per cent of the sown area has withered owing to scanty rainfall in more than 20 districts of the State. Already nearly 200 farmers committed suicides owing to indebtedness and other reasons in the last four months in the State. The South-West monsoon being...

-IPS News CHINTOOR, India- Laxman, a 10-year-old Koya tribal boy, looks admiringly at a fenced-in vegetable patch behind his home in southern India's Andhra Pradesh state. Velvety-green and laden with vegetables, the half-acre patch is where Laxman's family gets their daily quota of nutritious food. But one day soon it will disappear under several feet of water, thanks to the Polavaram multipurpose project - a 45-metre-high, 2.32-km-long mega dam currently under construction...