Discuss the link between normal monsoon and its effects on food prices in the country. (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· The progress of the monsoon too is tracked by the market, and the sounds of a drought can depress the indices.
· However over the years there has been a change in this pattern with the monsoon arriving and leaving later.
· It is hence not surprising that, towards the end of August, the area under cultivation for rice and pulses is lower than last year.
· In the case of pulses it will be even more challenging because production of tur, urad and moong have been good in the past, and by the law of averages, production was likely to be lower this year.
· Therefore, even with a good monsoon this year, with just 6 sub-divisions being classified as being deficient in rainfall so far as against 13 in 2021, shortages are still possible.
· A reason for the severance in the relation is that the government has tended to increase the MSPs every year.
· While procurement takes place mainly in rice and wheat as there is a direct link with the PDS, the MSPs tend to have an influence on the benchmark prices for other products.
· In the last four years, we have had an annual feature of tomato and onion inflation caused by late withdrawal of the rains. Therefore a good monsoon is good news, but does not preclude the other disturbances.
Aravind R 2 years
Kindly provide feedback mam/sir
IAS Parliament 2 years
Try to mention about the role of floods, droughts. Keep Writing.
PANDI SANTHOSH RAJA S 2 years
Kindly review
IAS Parliament 2 years
Try to include about PM-AASHA scheme. Keep Writing.
K. V. A 2 years
Pls review
IAS Parliament 2 years
Good attempt. Keep Writing.
