Strengthening of backward and forward linkages will help in controlling the food wastage, which is estimated at over Rs 40,000 crore, and also aid in curbing inflation, Food Processing Minister Harsimrat Kaur Badal said on Thursday.
Forecasts of 2014 being an El Nino year have caused concerns around its impact on monsoons, thereby on agri output and thus food inflation, though this theory sounds "logical" it is not necessarily going to follow the same pattern this year though, says a UBS research report.
The Trinamool Congress government in West Bengal today blamed the Centre for "huge" rise in prices of food items and other essentials, and claimed that hike in prices of petroleum products has led to the situation.
India`s annual food inflation based on the wholesale price index stood at 17.28 percent for the week ended January 2, showing signs of a tempering in the galloping prices, as per official statistics released on Thursday.
At a time when the WPI-based inflation is hovering below 1 one percent, the food inflation has surged to 16.32 percent for the week-ended September 19 mainly on account hoarding and fears of shortage due to poor monsoon.