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The demonetisation exercise is threatening to wipe out gains for farmers from the bumper crop, said Sanjay Kaul, Managing Director, National Collateral Management Services.
The country is set to achieve a record foodgrain production of 270 million tonnes with a significant increase in pulses production, said Kaul at the launch of the eighth edition of ‘The Indian Commodity Year Book 2017’ here on Tuesday.
Most of the wholesale markets have come to a grinding halt after the Central government decided to scrap ₹500 and ₹1,000 notes early this month.
Amidst lower food prices, consumer demand is also expected to come down in the short-term.
The book, which was released by SB Mathur, Chairman, NCML, covers various topics, including food inflation in India, SEBI’s role in accelerating the growth of the Indian commodity market, modern agri-value chains, trends in cold chains, the food processing sector, post-harvest agriculture credit and warehousing, including silos.
There are also commodity-specific articles on sugar, edible oils, corn and pulses.
The book reviews the latest developments, trends and data for the benefit of various stakeholders in the commodity segment.
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