I read a news, in 2005-2009 India's grain yield grew 3%, but in the same time the population grew 6%, we know when young people grow up they will eat more food.
Now poor people still have one meal per day, it seems climatic anomaly will be normal all over the world in future, and inflation caused by food shortage is happening. Good news is India is seeking international cooperation (USA) on this issue, but distant water can't quench a present thirst.
China's rice expert Yuan LongPing developed hybrid rice (http://en.wikipedia.org/wiki/Hybrid_rice)
The hybrid rice highly increases China's food production, hybrid rice doesn't need modified its gene, so it's very safe.
Chinese believe Yuan LongPing is a real hero if China.
India isn't facing a food shortage. However, commodities such as wheat are literally rotting in government godowns, yet it's not being distributed, or used to cool down sky-rocketing essential food prices. Opposition political parties claim that it's an artificial inflation to fleece the people.
For example, I could buy table sugar for 15 INR (around 2 RMB) per kilogram in early-2009, which has now become 35 INR (around 5 RMB) per kilogram.
i want you to quote the official figures released by the government of india on the agriculture growth in india for financial years:
2004-05
2005-06
2006-07
2007-08
2008-09
Chinese news said the India inflation of food is 16.9% in June. I also searched China inflation of food is 5.9% in May.
Maybe it's propaganda from China government, haha.
Yes, that figure is accurate. However now our government claims that's down to 12.something%, which I'm not inclined to believe. Commodity prices on the ground are pretty much unchanged.
How much does 1 liter of petrol/gasoline cost in China typically?
let us take the worst case scenario and say each year the growth rate was a mere 1%, so by compounding it for the said fiscals the total growth comes to 5.1% but my estimate is the growth rate should be average around 2% for each year which very well means the compound should be well over 10% for the said timeline, but still a better way will be if you gather the data released by the government of india for each fiscal, that will help this discussion.
when it gets said as 3% for 05-09, then that means each year the growth was around 0.6% which is really a suspect figure for the entire period.
anyways just for the fiscal 2005-06 the growth in the sector was closer to 3%, not sure what the exact figure was.
Last edited by thakur_ritesh; 04-07-10 at 09:05 PM.
Here is, use the current exchange rate
97# is RMB 6.76 (USD 0.9984)
93# is RMB 6.19 (USD 0.9142)
Grain yield depends on climate, so very unstable.
China's grain yield grow rate in 2008-2009 was only 0.4%, 2007-2008 was 2.6%, 2009-2010 will likely decrease compare to 2008-2009.
Try to get the grain yield of 2005 and 2009, the other datas are not necessary.
I'm guessing "97# and 93#" refer to Octane number (measure of quality, calorific value), in which case, those prices are nice. 42 INR per liter of 93 octane petrol is fantastic. "#93" is 8 RMB /liter here.
The best estimate that I can find is an improved "all crops" yield of 1.2% for 1991-1992 to 2006-2007. ("Jun 27, 2008 ... The Reserve Bank of India today published a Study entitled 'Agricultural Growth in India since 1991'.) See chart at bottom of page 6 at http://rbidocs.rbi.org.in/rdocs/content/pdfs/85240.pdf