FE Editorial : Wanted: An agri policy

Nov 23 2012, 02:09 IST
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SummaryWith exports doubling from Rs 42,000 crore in FY11 to Rs 82,000 crore in FY12 and then doubling again in H1 FY13 as compared to H1 FY12, Indiaís agriculture is clearly on a roll, of a sort never seen before.

Punjab, Uttar Pradesh and Madhya Pradesh, nearly 95% of all wheat arrivals in the mandis are bought by government agencies. Things have got so bad, CACP has recommended the Competition Commission of India be asked to look at such anti-competitive market behaviour that has led to a complete collapse of competition in wheat markets. But even before that, the government needs to take action since continuing with the current erratic policy can quickly put an end to the booming agri-exports trade.

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