Edible oils, pulses play key role in retail inflation
April 13, 2021
Retail prices of edible oils and pulses are the major contributors to increase in retail inflation since March last year.
On Monday, National Statistical Office (NSO) reported that retail inflation based on Consumer Price Index rose 5.52 per cent year-on-year in March to 156.8 points.
A close scrutiny of data showed prices of edible oils increased nearly 25 per cent since March last year, while those of pulses and products saw retail inflation rate increase 13.25 per cent during the period.
BusinessLine reviewed the price trend to trace the root of the problems.
Retail data, collected by Department of Consumer Affairs, showed a different trend of the prices of various edible oils. For example, prices of packed mustard oil, sunflower oil and palm oil increased in February. But in March, mustard, soyabean and sunflower rates were down, while retail prices of palm oil increased.
Cyclones affected more than 11 lakh ha of farm area in 2020
April 12, 2021
Amphan made maximum damage to the area under crops during the year.
The four cyclones affected around 11.5 lakh hectares of area under agriculture and horticulture in the country. Of this, nearly 50 per cent (5.82 lakh ha) of the area under crops were affected by
Amphan during the year.
Amphan in West Bengal, followed by Odisha at 0.11 ha.
According to ‘Report on Cyclonic Disturbances of North Indian Ocean during 2020’ by the Regional Specialised Meteorological Centre (RSMC), there were nine cyclonic disturbances (CDs) depressions and cyclones over the North Indian Ocean (NIO) and adjoining land regions during 2020 against the long period average (LPA) of 12 disturbances per year based on data of 1961-2019.
DC visits farms hit by untimely rains
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Deputy Commissioner Bagadi Gautam and a few other senior officers, on Monday, visited the farms badly hit due to untimely rains in Mudigere taluk.
The Hindu had carried a report on the damage caused to coffee and paddy fields on Monday. The news report had featured A.B. Krishne Gowda, a coffee grower of Attigere near Kottigere, who had suffered a huge loss. The officers visited his farm and interacted with Krishne Gowda.
Following the untimely rains last week, coffee beans had fallen on the ground in his farm. Against the expectation of 200 bags of beans in his five-acre farm, he could hardly get 50 bags. He had estimated the loss at ₹6 lakh. Besides him, many growers lost coffee beans spread on drying yards after the harvest. Similarly, paddy growers could not safeguard their yield due to the heavy rains.