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NEGOCIOS: Crisis agrícola en India infographic
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Crisis agrícola creciente en India

Graphic News

October 8, 2018 -- Los precios récord del combustible y los altos costos de los fertilizantes afectan a 263 millones de agricultores y otros trabajadores agrícolas de India, que juntos representan cerca de la mitad de la población india de 1.300 millones

The hike in import costs could not have come at worse time for farmers, already hit by lower crop prices following abundant harvests.

Prime Minister Narendra Modi also faces an election next year and needs the support of India’s farmers who voted overwhelmingly for him in 2014. A fall in rural incomes risks jeopardising their support next year.

Diesel prices have surged 18 per cent while the Indian rupee has fallen by 16.1 per cent, to an all-time low against the dollar, since January.

Meanwhile, the impact of a weak rupee has caused prices of essential fertilisers such as potash and phosphates to surge. Import costs have jumped by more than 11 and 13 per cent respectively since May -- India imports all its potash and 90 per cent of its phosphate needs.

Agriculture accounts for about 16% of India’s $2.6 trillion GDP.

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