The global community must plan to have a global buffer stock of food in order to ensure reasonable stability in food prices and supply. Explain (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
The crisis can emerge in the form of food shortages, trade disruptions, a rise and spread in hunger and poverty levels, a depletion of foreign exchange reserves for net food importing countries,
Implications for India
· Export and import in the agriculture sector constituted 13% of gross value added in agriculture during 2020-21.
· The policy of having a buffer stock of food staples has also been very helpful in maintaining price stability especially in the wake of global food crises.
Wheat export restrictions
· The international market is looking for around 50 million tonnes of wheat to compensate for the disruption in wheat exports from Russia and Ukraine.
· India should continue with a policy of strategic liberalisation, as followed in the past, to balance the interests of producers and consumers.
· The policy of buffer stock has also been very helpful in maintaining price stability in the face of global price shocks.
Global impact
· The world requires new breakthroughs such as Green Revolution technology, for large-scale adoption in order to enable checks on food prices rising at a faster rate.
· Diversion of land under food crops and food output for biofuel should be carefully calibrated with implications for food availability. In most cases it requires serious rethink.
KAUSHIK SRINIVASH R 3 years
Pls review...
IAS Parliament 3 years
Good Answer. Keep Writing.
Rekha 3 years
Kindly review mam/ sir
IAS Parliament 3 years
Good Answer. Well Structured. Keep Writing.
Rekha 3 years
