hey buddies, just think, u guys are writing all articles in favour of west's interests. exports are meant only when u 've surplus, not when people are unable to afford for their food, u can't export food just for earning money. i don't know when u people will think abt a common man, who sows seeds, reap the crop and send to the market. he has to buy the food at double prices now, and u guys are against the exports? shame on u people. US is nasty country and u people r falling prey to its tactics. that's real shame on u.money is not all in this whole world. just to earn money and make few people rich, u cannot ditch other people who are suffering. now a days people are forgetting the laws of nature, and that's the reason all these sufferings. The west should first learn to respect the food growers and not to waste the food. u go to US and see how much food is wasted everyday, whereas in other parts of the world people are dying without food. shame on US and people who support them. its shame shame shame. i hail the ban on exports mainly to west. the prices in US are increasing, i live in US, but still i hail the decision.
All those mentioned here have vested interests,so they are opposing the move.By this move of the Govt. the excess speculation will come to an end & those comodity analyist will not have much to do.The voice of the comman man has to be heard in the democracy & not the voice of commodity traders, analyists or food executives.It's a good move by the govt.thx
RE:Analysts, traders and food executives mentioned here have vested interests
by Jojo George on May 08, 2008 02:23 PM
Agreed! I'm an academic who has not invested a paise in commodity derivatives. But, somehow I don't get the connection between futures trade and the present inflationary phase. If basic demand exceeds supply, wouldn't the absence of futures trade merely lead to greater price fluctuations while maintaining the same trend line of price rise? In any case, if agri produce gets higher price, and the terms of trade between sectors change, wouldn't agri supply improve? In fact, I believe that given normal monsoon, we should have record output for another year in succession. Isn't supply side corrections better for long run sustainability than short-run knee jerk reactions which cause microeconomic distortions? I can understand politicians wanting to reign in inflation by hook or crook in order to win elections in the short-run. If they were looking after the long-run interests of the nation, in the first place, they would have been called statesmen, not mere politicians!
RE:Analysts, traders and food executives mentioned here have vested interests
by Rajeev Sharma on May 09, 2008 11:18 AM
I fully agree. The supply demand mismatch cannot be corrected by such posturing. The politicians will try to make a show of doing something in the name of common Man. However, remember that the farmer is also a common man.
