Hi, NewsWrap for January 06, 2022

Agriculture Reforms, World Food Prices Hit Ten Year Peak, Heavy Rain Alert Till Jan 9

6 January 2022

  • Heavy Rain Alert In These States Till January 9

    Under the impact of a cyclonic circulation over western Afghanistan and adjoining areas, the India Meteorological Department (IMD) has forecast another wet period for Northwest and Central India until January 9th. Several states, including J&K, Himachal Pradesh, Punjab, and Haryana, are expecting heavy rainfall. A new WD is forming as a cyclonic circulation over western Afghanistan and neighboring countries at lower tropospheric levels, with a trough aloft in middle and upper tropospheric levels along with Long. 56°E to the north of Lat. 24°N, according to the weather service.

  • World Food Prices Hit A 10-Year Peak in 2021


    The UN food agency reported on Thursday that global food prices fell in December following four consecutive monthly hikes, but increased 28 percent over 2021 to the highest average level since 2011. Last month, the Food and Agriculture Organization's (FAO) food price index, which analyses international prices of the most widely traded food commodities, averaged 133.7 points, down from a revised 134.9 points in November. The previous figure for November was 134.4. The benchmark index averaged 125.7 points for the entire year of 2021, up 28.1 percent from 2020 and the highest since 131.9 in 2011. The monthly index has been at 10-year highs over the past year, suggesting harvest failures and robust demand.

     

  • Agriculture Reforms Are Needed For India: View

    Agriculture, a modern phrase that encompasses a wide range of economic activities from farming to animal husbandry, was the backbone of the world economy before the industrial revolution. People adopt agriculture first, and the primary sector usually becomes the main employer, as evidenced in the evolution of economies around the world. Agriculture which started in early times, with an intent of the subsistence has effectively transitioned itself into a commercial marketplace, resulting in the formation of a well-developed marketing system, which has not only eliminated thought of “double coincidence of wants, but it also underlined a need for a powerful exchange mechanism in the form of money.

     

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6 January 2022

That's it for for 6 January 2022
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