Business Daily from THE HINDU group of publications
Monday, Sep 07, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Sep 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Economy Columns - For the Asking Food alone costly, for now Why it is that food prices alone are rising even as the price situation is otherwise under control? Mamata Ganguly, Burdwan
Failure of monsoon is the major reason. Sugarcane output has been down for the second year in succession and we haven’t taken any vanguard action by arranging for imports sufficiently in advance. In fact, the government is guilty of not doing much to ease the supply side constraints. Governments, both at the Center and States, have by and large been guilty of neglecting agriculture and irrigation. Very few States – Punjab, Haryana and Gujarat, to be precise – have well developed and integrated irrigation network. The Centre’s Minimum Support Prices announced on the eve of each sowing season for wheat and rice have been so attractive that there has been a noticeable shift away from pulses and other crops making them even scarcer and hence more expensive. Right now, one is feeling the heat only on the food front, but sooner than later this could degenerate into inflation on a larger front. S. MURLIDHARAN More Stories on : Economy | For the Asking
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