The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....
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African farmers displaced as investors move in by Neil MacFarquhar
Stunned villagers are finding that governments have been leasing land, often for decades. The half-dozen strangers who descended on this remote West African village brought its hand-to-mouth farmers alarming news: their humble fields, tilled from one generation to the next, were now controlled by Libya's leader, Col. Muammar el-Qaddafi, and the farmers would all have to leave. “They told us this would be the last rainy season for us to cultivate our...
More »Honestly Speaking by Madhu Purnima Kishwar
Today, the Indian media—both print and television—is focusing on the recent corruption scandals involving the UPA Government with unusual zeal. However, I fail to understand why almost every commentator, every TV anchor, every editorial writer feels compelled to pay ritual obeisance to the “personal honesty and integrity” of Dr Manmohan Singh while dealing with the scandals emanating from his cabinet colleagues. They do so even when there is clear evidence...
More »The backlash begins against the world landgrab by Ambrose Evans-Pritchard
The neo-colonial rush for global farmland has gone exponential since the food scare of 2007-2008. Last week's long-delayed report by the World Bank suggests that purchases in developing countries rose to 45m hectares in 2009, a ten-fold jump from levels of the last decade. Two thirds have been in Africa, where institutions offer weak defence. As is by now well-known, sovereign wealth funds from the Mid-East, as well as state-entities from China,...
More »How to rebuild confidence in food markets after this summer’s spike in wheat prices
REGULARITY and repetition—of returning rains, of seasonal temperatures, of the cycles of life and death—are the essence of agriculture. So perhaps it is not surprising when events recur. In 2007-08, food prices soared. Mozambique and 30 poor countries endured food-price riots. Russia led a procession of grain exporters to restrict sales. And the world had to face up to changes in the pattern of food demand, reversing decades of declining...
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