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Home > Featured Articles > Wheat price inflation in recent times: Causes, lessons and new perspectives > Wheat price inflation in recent times: Causes, lessons and new perspectives

Wheat price inflation in recent times: Causes, lessons and new perspectives [1]

In this paper we demonstrate that the high level of wheat procurement during 2008-09 and 2009-10 at a higher minimum support price was necessitated by the difficult circumstances that the government faced, characterised by a precarious buffer stock position from 2005 to 2008. Hence, blaming larger procurement and a higher msp alone for the soaring wheat prices between 2008 and 2010 is an oversimplification of the problem. The experience with wheat procurement in the recent past suggests that foodgrain procurement at a lower msp may not always be feasible.

Publication Date: 
03/09/2011
Sthanu R Nair [2], Leena Mary Eapen [3]
Economic and Political Weekly [4]
46
36
58-65
Tags:
Food Prices [5], Wheat [6], India [7], Consumption Patterns [8], Trade [9], Food Supply [10], Statistics [11]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/feature-article/wheat-price-inflation-recent-times-causes-lessons-and-new-perspectives

Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/wheat-price-inflation-recent-times-causes-lessons-and-new-perspectives
[2] http://admin.indiaenvironmentportal.org.in/category/author/sthanu-r-nair
[3] http://admin.indiaenvironmentportal.org.in/category/author/leena-mary-eapen
[4] http://admin.indiaenvironmentportal.org.in/category/journal/economic-and-political-weekly
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-prices
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/wheat
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/consumption-patterns
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/trade
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-supply
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/statistics