from Market Design at https://bit.ly/2AevEG6 on June 30, 2020 at 12:47PM
Pandemic lock downs gave food supply a shock in Indian markets, but they have recovered.
COVID Lockdown: How India’s Food Supply Chain First Tightened and then Recovered
"Food supply shortages, if any, are driven by state level policy making, rather than consumers’ and suppliers’ fears of contracting COVID-19."
by Matt Lowe and Ben Roth
"In mid-April, the supply of fruits and vegetables at Azadpur, Asia’s largest fruit and vegetable market, had fallen about 50% since the start of India’s nationwide lockdown.
Two months later, updated nationwide data shows that India’s food supply chain appears to have recovered, operating at levels comparable to the same time last year. The story of the recovery is best told with four food facts, the sum of which tell its own tale of governance during the COVID-19 pandemic times.
Food fact 1: Food volumes took a huge hit post-lockdown but have steadily recovered.
Food fact 2: Food prices increased post-lockdown but have steadily fallen.
Food Fact 3: The early disruption to the food supply chain was highly correlated with the incidence of COVID-19 at the state level, but all states appear to be recovering.
Food Fact 4: Within states, there was no relationship between the incidence of COVID-19 and the health of the food supply chain, even in phase 1.
Thursday, April 16, 2020