GFM Network News


(Cia.gov)

India’s federal police probe bosses of two fertilizer companies

Large-scale nutrient purchases often known to sway spot prices

Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more

Farmers attend a protest during a nationwide strike against newly passed farm bills at the Singhu border near Delhi on Dec. 8, 2020. (Photo: Reuters/Anushree Fadnavis)

Farmers protest across India against Modi’s farm market reforms

New Delhi/Mumbai | Reuters — Farmers’ protests against new laws liberalizing agricultural markets spread across India on Tuesday, as farm organizations called for a nationwide strike after inconclusive talks with Prime Minister Narendra Modi’s government. In eastern and western states, farmers blocked roads and squatted on railway tracks, delaying hordes of people getting to work, […] Read more


Onions are sold at a market at Dharavi, one of Asia’s largest slums, in Mumbai, India on April 7, 2020. (File photo: Reuters/Francis Mascarenhas)

High food prices hurting India’s poor

Inflation pain expected to persist for months yet

New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds […] Read more

Farmer Anil Salunkhe feeds strawberries to a cow during a 21-day nationwide lockdown to slow the spread of COVID-19 in the Satara district in India’s Maharashtra state on April 1, 2020. (Photo: Reuters/Rajendra Jadhav)

How COVID-19 is upending global food supply chains

Cows fed strawberries in India, watermelons rot in U.S., okra not reaching Canada

Satara/Singapore/London | Reuters — In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows. It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that […] Read more






Scorching heat delays India’s rapeseed sowing

Mumbai / Reuters – Above-normal temperatures have delayed rapeseed sowing in India’s top producing region by more than a fortnight and restricted acreage expansion, even though prices are trading near record highs, industry officials said. The delays are helping support rapeseed prices and could force the world’s biggest edible oil importer to increase overseas purchases of […] Read more



Indian women standing in front of a table full of onions.

Traders squeezed as Indian farmers turn stockpile gamblers

Access to low-interest capital allowing some farmers to wait rather than sell at lower prices immediately after harvest

Reading Time: 2 minutes Farmers such as 68-year-old Ghanshyam Gokale are quietly shaking up agricultural commodity trading in India, forcing the likes of top soybean processor Ruchi Soya to shift its business model away from futures contracts and towards the “spot” market. Gokale, and other prosperous growers like him, has stopped selling his crops immediately after harvesting. Instead, he […] Read more