KOLKATA: The delayed monsoon has got vegetable price spiralling. Moreover, middlemen in the agro-marketing network of the state adding woes to plight of common men by maximising profit with a yawning gap between wholesale market price and that of the retail markets.
The agricultural marketing minister Arup Roy admitted that middle-men have once again been playing havoc with the price of perishable commodities in urban an semi-urban markets. ""There is a task force to monitor the price. I have to check out what their findings are. I am indeed anxious with the price getting out of control. I will hold an emergency meeting on Monday," he added.
Besides, the task force a ministerial committee was formed to keep a tab on the commodity price at different markets. The committee has animal resource minister Nur-e-Alam Chowdhury, agricultural marketing minister Arup Roy and food processing minister Ujjwal Biswas.
The delayed monsoon has already taking toll of agriculture productions. Excessive heat and lack of rain has led to drying up of lot of agricultural products. Vegetables like parwal is the biggest victim of this extreme weather, said Shankar Kamila, secretary of agriculture marketers association. A lot of vegetables could not be sent to market from the fields.
But much of this price-rise was engineered artificially by middle-men. The yawning gap between the wholesale and retail price is one of indicators how the chain of middle-men are causing price-rise at their will. Two chains of middlemen work one between the farmers and whole-sellers and other from whole-sellers and retailers.
"Even though the chain between the whole-seller and retailer is a shorter one, the price difference can show the lack of monitoring on the markets by the government," said Amit Sinha, a consumers' rights activist.
According to whole-sale and retail marketing sources, the gap between the wholesale and retail price of perishable commodities are gradually increasing with the time. If the whole-sale price of parwal is Rs 8 per kg, it is selling at anything between Rs 20 and 30 at retail markets. It is worse for okra. The wholesale price is Rs 8-9, but the retail price is Rs 30-40.
In case of potato and onion, which are more-or-less regulated and can be stocked in cold-storage, the retail and wholesale price difference is not that huge. However, Patit Paban De, a potato expert said, ""The potato price is expected to rise further with a huge loss of productivity is south India.
""Some vegetables prices have gone up so high that it has been becoming increasingly difficult to strike a balance in the food budget for most of the buyers,"" said Rabindranath Koley of Kankurgachhi VIP market. The green chili has crossed Rs 100 per kg. I can't remember this happening in my life-time, he added.
Why is this gap ever widening? According to a senior officer, the Chief Minister Mamata Banerjee earlier took the price-rise seriously. She visited some markets and asked the chief secretary Samar Ghosh to inquire into the abnormal price rise. The government then periodically checked the market price and carried out raids. It yielded results. But with the time, that monitoring mechanism got rusty.
Pharma Wholesale and Distribution Market will Reach $747 Bn in 2014 Visiongain Report Predicts - Newswiretoday.com
That revenue forecast appears in Pharma Wholesale and Distribution Market: World Outlook 2012-2022, published in June 2012. Visiongain is a business information provider based in London, UK.
The pharma industry and its supply chain partners will increase revenues from 2012 to 2022. New products novel small molecules, generics and biologics will stimulate the pharma W&D market. Many opportunities for rising drug sales exist, with high, growing W&D revenues possible from 2012 to 2022. There will be increasing dependence on emerging countries, with their fast-rising drug sales. Developed countries hold promise too, the study notes.
Kritika Chaudhari, a pharmaceutical industry analyst in visiongain, explains: Growth in the global pharmaceutical wholesale and distribution market to 2022 will be driven by the ageing world population and increasing demand for medicines of all types.
Pharmaceutical wholesalers and distributors play an important role in connecting drug manufacturers to final buyers. A number of blockbuster drugs are going off patent in the next few years, which will threaten revenue generation. Nevertheless, the worldwide wholesale and distribution market will continue to grow as a result of increasing demand for novel drugs.
Visiongains report provides revenue forecasts to 2022 at world market, submarket, company and national level. It forecasts world sales for the following main submarkets:
Original-branded drugs
Generic drugs.
Research, data and analyses cover activities of McKesson, Cardinal Health, AmerisourceBergen, The PHOENIX Group and other companies, with revenue forecasts. The scope of the field widens, with organisations collaborating and expanding their businesses.
The study discusses business activities and commercial news, shows research interviews with external authorities and forecasts revenues in leading national markets. The work analyses the US, Japan, EU5 countries, Brazil, Russia, China and India.
Pharma Wholesale and Distribution Market: World Outlook 2012-2022 adds to visiongains range of analytical reports on industries and markets in healthcare.
For sample pages and further information concerning the Visiongain report Pharma Wholesale and Distribution Market: World Outlook 2012-2022 please visit the website.
About Visiongain
Visiongain (visiongain.com) is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.
Retail REIT Executive: Most Failed Malls Will Languish - Wall Street Journal
By Kris Hudson
Many cities saddled with a dying mall envision rebuilding the eyesore as a multilevel, mixed-use complex with vibrant stores, offices and condominiums.
Most of those cities are dreaming, and the harsh reality is that their derelict retail properties likely will linger and deteriorate for many more years, according to Don Wood, president and chief executive of shopping center owner Federal Realty Investment Trust.
Mr. Wood oversees a real-estate investment trust that owns 85 shopping centers totaling 19 million square feet in major U.S. cities. Yet, he told an audience at the National Association of Real Estate Editors’ annual conference on Wednesday that he considers the U.S. to be overbuilt with retail properties.
“There is too much retail supply in this country, and that will affect values and redevelopment and whether or not something gets torn down,” Mr. Wood said in a 50-minute address at the Denver conference.
That’s a concern as the U.S. faces the likely failure of many retail properties in the coming years due to the ongoing rise of online shopping and store closures by one-time stalwarts such as Best Buy and Abercrombie & Fitch. Green Street Advisors, an analysis firm that tracks REITs, has forecast that 10% of the roughly 1,000 large malls in the U.S. will fail within the next 10 years and be converted into something with far less retail. That’s a conservative estimate; many mall CEOs predict that the attrition rate will be higher.
U.S. retail vacancy rates continue to decline from their recent heights, partly due to the dearth of new retail construction after decades of overbuilding. Retail vacancy in the top 54 U.S. markets was 7.3% in this year’s first quarter, down from a high of 7.9% in the first quarter of 2010, according to real-estate research company CoStar Group. Retail space now amounts to 50.2 square feet per capita in the top 54 U.S. markets, CoStar says.
With the specter of more ghost malls looming, municipal leaders often draft plans to replace their failing mall with dense, mixed-use projects intended to serve as new city centers. The trouble is, many markets lack the key elements needed to support such a project, Mr. Wood said. He should know, since Federal Realty’s main specialty is redeveloping urban shopping centers into mixed-use projects such as the REIT’s Bethesda Row in Bethesda, Md., and Santana Row in San Jose, Calif.
First and most important, mixed-use projects require a much higher population density and household income than typically are found in the markets surrounding a failed mall. Second, building such dense projects is highly expensive due to underground parking and multiple floors above grade. Third, not all developers are savvy enough to coordinate construction of divergent real estate such as retail, residential, office and hotel.
Fourth, such mixed-use projects are so expensive that the local municipality often must provide some type of financial assistance, which some can’t readily do.
Ultimately, these and other factors favor dense, urban markets – not the suburban and secondary markets where many malls are likely to fail in the coming years. “It’s really going to be hard in the next 10 years to knock down that mall and rebuild it into something better because the economics just don’t work,” Mr. Wood said. A derelict mall in a less-than-ideal market “most likely will just stay there and get worse and worse over the next 20 years.”
In Mr. Wood’s view, that means that most retail redevelopment in the coming years will occur in dense, affluent markets to make strong retail properties even stronger. “While the idea is fantastic, it’s difficult, and it really only works in a few, select locations,” he said. “Demand (for retail) has to exceed supply convincingly.”
Meanwhile, that theory suggests, failing malls in weaker markets will languish or get converted into nonretail uses like offices and classrooms.
Do you know of a failing mall or shopping center in your city? What do you think are the chances that it will get redeveloped into something that retains some type of retail component?
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