Food Category
The government has procured 25 per cent more paddy so far in this kharif marketing season at 564.17 lakh tonnes for Rs 1,06,516 crore amid farmers’ protest against three new farm laws. Kharif marketing season runs from October. “In the ongoing Kharif Marketing Season (KMS) 2020-21, government continues to procure Kharif 2020-21 crops at MSP […]
The International Grains Council (IGC) cut its forecast for a record global grains production by 9 million tonnes to 2.21 billion tonnes in 2020/21. The council also trimmed its projection for consumption during the season. In its monthly update, the inter-governmental body cut its forecast for corn (maize) by 13 million tonnes, partially offset by […]
The wholesale price-based inflation moderated to 1.22 per cent in December as prices of kitchen staples onion and potato eased, as per the government data. The Wholesale Price Index (WPI) inflation was 1.55 per cent in November 2020, and 2.76 per cent in December 2019. “The rate of inflation based on WPI Food Index decreased […]
With prices of pulses ruling below the minimum support price (MSP), the National Agricultural Cooperative Marketing Federation (NAFED) has decided to begin procurement from Maharashtra, Gujarat, Karnataka, Telangana and Andhra Pradesh, senior industry people said. NAFED has given a target of nearly 15 lakh tonnes to be procured from these states. Maharashtra has been given […]
Indian agriculture sector achieved record foodgrain production and registered positive growth despite the coronavirus pandemic but the massive farmers’ protest at the borders of the national capital against the new farm laws overshadowed its remarkable performance last year. Notwithstanding the cold weather and pandemic concerns, the protest by thousands of farmers, mainly from Punjab and […]
The new COVID-19 surge remains a near-term threat to the economic recovery. But over the course of the last 10 months, the economy has turned out to be more resilient in adapting to the virus and more responsive to monetary and fiscal policy support than many predicted. The development of several effective vaccines indicates that […]
Prices of edible oil have risen by 40-50 per cent across the country in the/ last five months and 15 per cent in the past one month. Prices are expected to remain on the higher side until March, edible oil industry experts feel. Atul Chaturvedi, president, Solvent Extractors Association of India (SEA), said the association […]
As the COVID-19 vaccine started rolling out in many countries, the World Bank expects that the global economy will expand four per cent in 2021, but will still remain more than five per cent below its pre-pandemic trend. “The global economy appears to be emerging from one of its deepest recessions and beginning a subdued […]
The current low prices of paddy in the open market seems to have been caused by sluggish demand for the grain after the free food grain distribution through ration shops for the past eight months under Atmanirbhar Bharat plan. In several districts of Uttar Pradesh such as Badaun, Lakhimpur, Maharajganj, Fatehpur and Etawah farmers are […]
World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations reported. The FAO Food Price Index averaged 107.5 points in December, 2.2 percent higher than in November. Over the whole of 2020, the benchmark index, which tracks monthly changes in […]
