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Food Inflation 16-1
Food Inflation 16-1
Food Inflation % 19.05 20.00 19.68 Year 2009 April May June July August Sept. Nov Dec Wholesa le Price Index 1.31 1.38 -1.01 -0.67 -0.9 0.50 4.78 7.31 Consumer Price Index 9.09 10.21 11.26 12.67 12.67 12.97 19 20
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TRENDS OF INFLATION
Period
Item
Processed Food Potatoes Onions Dal Cereals Rice Dal
% increase
27 70 45 45 14 25 80
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Product
2005
2007
Oct, 2009
Jan,2010
Rice
13
15
22
48
Wheat
12
13
29
Sugar
19
19
32
50
Tur Dal
30
36
82
100
It has upset his routine life. 50% of the people are now having Dal one time in a day. Expenses on the children s education has been curtailed. Expenses on medical treatment are reduced drastically. Operations/ surgeries are postponed. CONSUMER MINISTRY SAYS Consumer Affairs Ministry of Govt. of India itself agrees that in urban India prices of rice, wheat, sugar, tur dal have jumped by 100 to 200% during the past 4 years, i.e. from 2005 to October 2009 Prices of rice, which were Rs.13/kg in 2005 went up to Rs.22/kg in October 2009 have reached Rs.48/kg in January 2010. Prices of Tur Dal, which was Rs.30/kg in 2009, was Rs.84/kg in 9 October 2009 and is Rs.100/kg at the time of Makar Sankraman, i.e. 14.1.2010. Prices of Wheat have gone up by 100% - which was Rs.9/kg in
Rice and wheat are the two major food grains consumed in India. Dal Rice and Dal Roti are the food of more than 90% people The price of Rice during the 5 years of Congress raj has increased by 500%. Price went up from Rs.10/kg in 2004 at the time of BJPs Atal Beehari Vajpayees Govt. to Rs.48/kg in January 2010 India has bumper crop of paddy/rice in the last several years. Record production of 991 lakh tons in 2009 Farmers have been paid Rs.8.50 to Rs.10/kg but the sale price in the market is Rs.48/kg Disastrous export-import schemes of Rice 100 lakh tons of Rice exported at Rs.18 to 20. Indian farmers paid Rs.8.50 to Rs.10. Indian customer is paying Rs.48/kg while export is done at Rs.18 to 20 It is a scam looting of common man/customer and the small farmer/producer by MNCs, big companies. Governments economic policies beneficial to these companies resulted in huge profit to the commodity companies. Share prices of KRB Ltd. Increased by 300% in 9 months between April 2009 and January 2010 10
GEHU GHOTALA
Price of wheat increased by 300% in Congress raj
Good quality wheat was available at Rs.9 in 2004 during the BJP-Ataljis raj The price of wheat increased by 300% in the last 5-1/2 years of Congress raj. Price went up to Rs.29 per kg in January 2010 Production of wheat is highest in the last 3 years 805 lac tons in 200809. Farmer is paid Rs.10 per kg but the consumer is forced to pay Rs.29 per kg Congress-Mr. Sharad Pawar imported 100 lac tons of horrible quality of red wheat at Rs.19 per kg in 2007 India had bumper crop of 2348 lac tons of wheast for the last 3 years, i.e. 2007, 2008, 2009. Government had bumper buffer stock overflowing at FCI godowns. No scarcity or import. Then also the price of wheast has doubled Gehu Ghotala farmer loser, consumer looted, multinationals are minting 11 hundreds of crores of rupees
Sugar import-export scheme 48 lac tons exported in 200809 at Rs.12.50 per kg. Govt. of India gave Rs.1.44/kg subsidy to the exporter. Now it is going to import at Rs.42/kg India produced 573 lac tons during 2007, 2008, 2009. Availability of Sugar was more than the consumption Sugar growers/farmers got the same price of Rs.85 to Rs.100/quintal but the consumer has to pay Rs.50 per kg Beneficiaries are multinationals, big sugar companies. Revenue/profit, share prices of these companies have increased by 300% in the last one year
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For 1000 kgs crushing of sugar cane, the farmer was paid Rs.1,000 to Rs.1,100 in 2008-2009 1000 kilograms of sugar cane result in sugar and other byproducts -- 100 kgs Sugar -- 53 kgs Molassis -- 300 kgs Bagasse -- 13 litres Alcohol -- Ethanol, power generation and other products The actual cost of sugar, after calculating the sale of byproducts, comes to Rs.10 per kg Farmer actually gets Rs.10 per kg and the customer is paying13 Rs.50 per kg
DAL ME KALA
Congress ka ghotala
Common man in India eats Dal and Roti. Price of Dal has increased by 200 to 400% during the Congress raj In 2004 during the BJP-Atalji Govt., Chana Dal available at Rs.25/kg, has gone up to Rs.56/kg in January 2010. Moong Dal available then at Rs.24/kg has gone up to Rs.100/kg in January 2010 Common food of Dal has become now the food of the festival Dal me kala Congress ka ghotala
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Price of sugar, wheat rice are cheaper in India compare to America & England
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Prime Minister Manmohan Singh Don t worry we are moving toward double digit growth Sharad Pawar Price of sugar, wheat rice are cheaper in India compare to America & England Sonia Gandhi Congress will write to Govt on Food Inflation Chidambaram - we are reducing the taxes on dog biscuits Kamalnath - Poor people are now eating more food Finance Minister Pranab Mukharjee We are watching the situation .. Is it not Haath ki Safai ? Mahangai ka Mahaghotala?
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FOOD INFLATION
Skyrocketing Retail Prices
Price Rs/kg
Item Wheat Rice Sugar Edible Oil Dalda Chana Dal Mung Dal Besan Milk Kerosene/litre
2004 9 10 14 40 40 25 24 20 14 18
2008 20 22 20 95 72 40 48 48 20 35
FOOD INFLATION
Skyrocketing Retail Prices
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FOOD PRICES
of BJP/NDA Vajpayee Govt vs Congress - UPA Govt
Prices of all 17 Essential Commodities were under control during 1998 to 2004 of BJP Atalji regime. Wheat @ Rs 9 Rice,Rs 10 Sugar, Rs 14/kg. Dal, all less than Rs 25 available in the beginning of 2004 Congress Raj started in 2004. Prices of all 17 essential commodities increased by 200 to 300% in last 5 years Congress talked about Aam Aadmi but supported Big Companies, Multinationals, Exporters & Importers, Speculators & Commodity Exchanges Atalji govt has to face Gujarat earth quake, Orissa Flood, Kargil War but than also Food Prices were controlled Congress Regime has no drought, flood, war, and yet food prices double/tripple . All are suffering Kissan to Common Consumer. Than why this Mahangai ? Because it is Congress Raj
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2007-08 Item
Retail Price
2008-09
Retail Price Cost paid to Farmer
2009-10
Retail Price
Rice Wheat
Sugar cane/ Sugar
14 12 16
22 14 18
9 10
8.5/14
48 29 50
10 10.80
10.7/18
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Congress Policy Rob the farmer and loot the customer The economic, export-import and consumer policies of the Congress Govt. are to rob the farmers and loot the customer for the benefit of the big companies and multinationals Price paid by the Govt. to the kisan for Rice is between Rs.9 to 10 per kg in the last 3 years but the retail price of Rice has gone up to Rs.48 Govt. is purchasing wheat at Rs.10.50 per kg from the farmers. The price of wheat in January 2010 is Rs.29 per kg Sugar cane price paid to kisan is Rs.1/kg. Cost of production of sugar comes to Rs.10 per kg to the big sugar factories after taking into account all the by-products. Sugar is sold at Rs.45 to 50 per kg in the retail market
2006-07 Item
2007-08
2008-09
2009-10
Production Production Production Production (target) 933 758 142 3555 282 966 785 147 3481 264 991 805 146 2739 147 716 estimate 790 165 3400 N.A.
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2006-07 Item Export Rice Wheat Sugar Pulses 48 nil 16.43 2.5
STORY OF SUGAR
ENOUGH STOCK-AVAILABILITY YET PRICES TOUCHING SKY
Story of Sugar is nothing but manipulation by the Sugar Samrats. Prices have gone up from Rs 22 to Rs 50/kg in just one year. A sugar exporting country is converted into importing country India produced 573 lac tons sugar during 2007-10. The country had opening stock of 105 lac tons Total availability of sugar for these 3 years was 678 lac tons Yearly consumption of sugar including consumption by confectionary and sweet manufacturing industry was 213 to 220 lac tons With annual consumption of sugar 220 lac tons, 146.8 lac tons production of 2008-09 + 105 lac tons opening stock, we had sugar surplus, i.e. opening stock of around 31 lac tons sugar in Diwali/October 2009. This is domestic sugar India exported 80 lac ton sugar @ Rs 12 to 14/kg during 2007 to 2009 & now we are importing 50 lac ton sugar @ Rs 38/kg Govt paid thousand crores subsidy of Rs 1.44/kg to these exporters Farmers got the same price of Rs 85/quintal for his sugarcane & consumer paying double rate
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in lakh tonnes
200506
200607
200708 (Est)
Opening Stock Production Imports Total Availability Off-take (a) Internal Consumption (b) For Exports Closing Stock as on 30th Sept.
As on 1.10.09
32 33 30 30 30
As on 11.01.10
50 45 46 47 48
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SUGAR COMPANIES
SHARE PRICES AT BSE
Name of the Sugar Company Bajaj Hindustan Balrampur Chini Dhampur Sugar Shree Renuka Sugar Sir Shadilal Enterprises
SUGAR COMPANIES
SHARE PRICES AT BSE
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Company Bajaj Hindustan (Sugar) Balrampur Chini (Sugar) Mcleod Russel (Tea) Jay Shree (Tea) KRBL (Basmati) LT Foods (Basmati) Ruchi Soya (Edible Oil)
Moral of the Story Food prices Inflation Corporates & Multinationals enjoyed and Earned Lucrative Profit in Two Years Farmer faced disaster & got uprooted in sugar cane price in last four years Farmers got minimum price for their crop Consumers looted in broad day light Companies & MNCs minted Money Share price of Sugar Companies increased by hundred percent in last two year Share price of all Commodity Companies have tripled in last nine months at Stock Exchanges Share Price of Bajaj Hindustan went up by 341% KRBL the Rice company share went up by 299.31% Ruchi Soya the oil company share up by 262.93% Is this not Safed Chori or manipulation?
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Net availability of Import of edible edible oils from all oil domestic sources (Nov.-Oct.) (Nov.-Oct.) 72.47 83.16 73.70 86.54 85.52 50.42 44.17 47.15 56.08 75.68
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EDIBLE OIL
Till few years back, India was self-sufficient in the edible oil In the era of global economy, liberalization, India has become a major importer of edible oil, Soyabean Oil From the Table, it can be seen that Indian dependence on imported oil is increasing every year. In 2005-06 60% of our consumption was imported oil In the year 2008-09, it has gone up further Edible oil consumed in major cities is imported. In 2008-09, out of 85 lac tons consumed in these urban areas, 75 lac tons is imported one Is it national food security? In Congress raj, slowly and steadily Indian food security is being pledged to the foreign multinationals and Commodity Exchange players
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