Kerala - Thiruvananthapuram   

Patnaik: rupee appreciation to hit farm sector

Thiruvananthapuram: The country’s farm sector will slip into a deeper morass as a result of rupee appreciation that is hurting exports of agricultural products, said economist and Kerala State Planning Board vice-chairman Prabhat Patnaik.

“If the rupee appreciates, you will get lower prices for your products, as all agriculture prices are fixed in dollar terms. This would especially harm a State like Kerala where cash crops contribute significantly to the economy,” said Dr. Patnaik.

India exports agricultural products like tea, coffee, sugar, spices, to name a few, and the appreciating rupee has dented the margins on the overseas sales of these commodities, the vice-chairman of the State Planning Board said. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Marriage registration law to safeguard minority interests
Stringent rules for renewal of licences
NSS flays CPI(M) leaders’ remarks
Changes likely in liquor policy
KSEB plans higher capital investment
Conflicting views on State scenario
Poor utilisation of Plan funds
Patnaik: rupee appreciation to hit farm sector
Chandy: UDF against ban on land conversion
Kashmiris in the doldrums
Preserve art forms, says Mammotty
Dip in road accident deaths
Operation theatre at MCH to reopen on Thursday
Women’s Commission holds adalat
Woman admitted with burns
Kerala arms itself against extremists
Thiruvananthapuram Today

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu