Food Inflation in India

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AN INSIGHT INTO THE ROCKETING FOOD PRICES

3/12/2009 Dhruti Kande

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A REPORT ON An insight into the rocketing Food prices
BY

Dhruti Kande

2007B3A8646G

PREPARED IN PARTIAL FULFILMENT OF STUDY ORIENTED PROJECT BITSC323

BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE –PILANI GOA CAMPUS

3 RD DECEMBER 2009

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BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE –PILANI GOA CAMPUS ZUARINAGAR, GOA - 403726

CERTIFICATE

This is to certify that Ms. Dhruti Kande bearing ID No. 2007B3A8646G has submitted the report on „ An insight into the rocketing food prices’ in partial fulfillment of the course BITS C 323 – Study Oriented Project during I semester 2009‐2010.

Date:

Instructor

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ACKNOWLEDGEMENTS

This report would not have been possible without the help of Mrs Ambili K, my instructor who offered me this project and confided in me and was patient in directing and supporting me in every stage of the analysis. I am grateful to my friends and family who gave me constant support and lend a helping hand when I needed them. I take great pride in mentioning that the library of our campus was very resourceful. I am also thankful to all the people involved in delivering the newspaper at my door step, which constantly updated my knowledge on the food price hikes .I would extend my gratitude to the LAN administrators of the campus for maintaining proper internet services in the hostels. Last but not the least, all the residents of Zuarinagar and Hyderabad who cooperated with me during the survey and answered all the questions to my satisfaction.

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ABSTRACT

BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE – PILANI GOA CAMPUS

ID NO/NAME/DISCIPLINE: 2007B3A8646G /Dhruti Kande/ M.Sc.(Hons.) Economics B.E.(Hons.) Electronics and Instrumentation and

NAME OF THE INSTRUCTOR: Ambili K.

ABSTRACT:

This report attempts to provide a picture of the food price crisis that has hit the world recently. It traces down its causes and tries to expose the severity of the situation. It elucidates the impacts of the price hike on the society and proposes certain measures to fight the situation.

DATE: 3 rd December 2009 PLACE: Goa

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REVIEW OF LITERATURE Joachim von Braun.2008.Food and financial crises.Washington D.C. “Although the food and financial crises developed from different underlying causes, they are becoming intertwined in complex ways through their implications for financial and economic stability, food security, and political security”. Joachim von Braun in his paper “Food and Financial crisis: Implications for agriculture and the poor” draws out very methodically the linkage between the food and the financial crisis and throws light on the fact that the poor are experiencing a double blow. In his view the successful resolution of the food crisis should be measured not primarily by declines in food prices, but by significant declines in the number of food-insecure people.

ALNAP.2008.The Global Food Price Crisis. “The response to the food-price crisis requires actions both to improve the quality of responses to food crises in general and also to address issues specific to rises in food prices.” In this very interesting paper “The Global Food Price Crisis”, the author outlines the background and context of the recent food-price crises. He then lays out nine ideas and lessons in two broad categories: analysis and planning; and implementation. He stresses on better implementations of the present approaches and also specifies some yet-untried approaches to combat food inflation.

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Marc J. Cohen and James L. Garrett. 2009. The food price crisis and urban food (in)security. “The speeches, declarations, plans and pledges all duly noted the vulnerability of poor urban dwellers who rely primarily on market purchases for their food, which account for the bulk of their expenditures. Yet most policy prescriptions focused on addressing constraints to rural based food...
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