ABSTRACT
Food security had three major dimensions: food grain availability; access to food; and food absorption (MSSRF/WFP, 2010). Access to food, again, is a function of food prices. While prices are a complex interplay of several factors, such as supply shortfalls, drought-and flood-induced crop failures in major food grain exporting countries, and changing food consumption patterns (Chowdhury, 2011), for a country like India, whose cereal demand is one-sixth of the global demand, the prices would be heavily influenced by domestic production.
