Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season.
In Uttar Pradesh, mills are blaming low sugar prices for the inability to pay SAP to farmers. At ex-factory rates of Rs 3,100-3,150 and average recovery of 10.9 per cent, mills can realise Rs 338-343 from every quintal of cane that is crushed.
As PM Hasina storms back to power, her country stands on the cusp of transformative social and economic change — anticipated by interventions by state and society, already seen in development indicators.
In both onion and pulses, the NDA government’s trade policy has seen a distinct shift over the last year – from pro-consumer to pro-producer, which is also clearly linked to growing agrarian unrest and steep fall in crop realisations.
The new year could witness the first national elections being fought on farmers’ issues. And it could test both the ruling BJP pushed to the defensive, particularly in the larger sugar-producing states, and the Congress under pressure to deliver loan waivers
“Incomes” not rising, due to low crop prices and stagnating wages, has more than offset any “asset” gains in the recent period, which also probably explains the party’s heavy losses in the three states it ruled, Madhya Pradesh, Rajasthan and Chhattisgarh.
After number fell from 2003 to 2014, UN data find trend reversed. Yet since 2014, global farm commodity prices have been falling. Here is why that has not stopped the rise in the number of hungry people
Farmers issues will likely play a key role as Madhya Pradesh votes today. While the current narrative is of farm distress, Shivraj Singh Chouhan's tenure has mostly coincided with a remarkable transformation in the sector.
Jitendra Agarwal, secretary of the Anaj Tilhan Vyapari Sangh at Ujjain’s Chimanganj mandi, the country’s largest for soyabean with daily peak season arrivals of 25,000-35,000 bags of 90 kg each, concedes that the move away from cash has hit farmers hard.