{"id":183902,"date":"2022-05-11T20:11:02","date_gmt":"2022-05-11T14:41:02","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=183902"},"modified":"2022-05-12T11:12:29","modified_gmt":"2022-05-12T05:42:29","slug":"the-problem-on-our-plate","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/the-problem-on-our-plate\/","title":{"rendered":"The Problem on Our Plate"},"content":{"rendered":"\n<p><strong>News<\/strong>: Commodity prices are increasing globally.<\/p>\n<p>Prices of grains, feed and meat, and edible oils, in particular, are surging.<\/p>\n<p>Russia and Ukraine together contributed roughly one-fourth (or 52 million metric tonnes [MMT]) of global wheat exports of 203 MMT in 2021-22.<\/p>\n<p><strong>What can be done to control inflation?<\/strong><\/p>\n<p><strong>The main reason behind the upward cycle in commodities<\/strong> was massive liquidity injections by G20 countries through loose monetary and fiscal policies. Thus, the following approach can be adapted to control inflation:<\/p>\n<p><strong>Tightening the monetary and fiscal policies<\/strong> to suck in the excess liquidity from the system.<\/p>\n<p>All <strong>exporting countries need to step up their production and exports<\/strong> to fill in the shortfall caused by the Russia-Ukraine war. For example, Europe, Australia, the US, Canada, and Argentina can fill the gap for the shortfall in wheat. Whereas, India can surely play a critical role in Rice supplies till the storm of inflation is over.<\/p>\n<p>In India, the <strong>government can procure large wheat stocks<\/strong> from farmers and incentivize them to plant more area under wheat in the next season.<\/p>\n<p><strong>Source<\/strong>: This post is created based on the article \u201cThe Problem on Our Plate\u201d published in The Times of India on 11<sup>th<\/sup> May 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: Commodity prices are increasing globally. Prices of grains, feed and meat, and edible oils, in particular, are surging. Russia and Ukraine together contributed roughly one-fourth (or 52 million metric tonnes [MMT]) of global wheat exports of 203 MMT in 2021-22. What can be done to control inflation? The main reason behind the upward cycle&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/the-problem-on-our-plate\/\">Continue reading <span class=\"screen-reader-text\">The Problem on Our Plate<\/span><\/a><\/p>\n","protected":false},"author":10308,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,10496],"class_list":["post-183902","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-times-of-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704946183},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/183902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10308"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=183902"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/183902\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=183902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=183902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=183902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}