The Cotton Corporation of India (CCI) has decided to purchase stocks from farmers, who have been on a warpath for two months demanding a higher support price for their crop. Sources said bowing to pressure from farmers and political parties, the Union government cleared the decks for launching purchase centres by CCI in the state. Field-level officials at CCI, however, are still wary about the arrival of poor quality of stocks...

The food import bill of the global community could surpass the $1 trillion mark in 2010, with prices of most commodities going up sharply compared to the previous year, the Food and Agriculture Organisation has said. In the latest edition of its ‘Food Outlook’ report, the U.N. agency asked the world community to be prepared for harder times ahead unless production of major food crops increases significantly in 2011. The food import...

After 16 days of intensive Statewide campaigning and 47 days of dharna, thousands of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in Rajasthan scored a significant victory. Led by the Suchana Evum Rozgar Ka Abhiyan, they entered into an agreement with the State government under which they would be entitled to the prevailing minimum wage for their day's work. Describing this outcome as “historic,” social activist...

Stability in markets will be determined by size of next year's crop The Food and Agriculture Organisation (FAO) has warned about a further increase in global food prices in 2011 if there is no significant increase in production of major food crops. In the latest edition of its “Food Outlook” report, the agency observed that the rise in global prices, all of which was accruing in the second half of 2010, owing...

The government will use satellite technology to assess cotton prospects for the current season and review the export policy in the wake of rising prices of the natural fibre, a senior official said today. "When the Cotton Advisory Board (CAB) meets, it will have an assessment based on the satellite imagery and the inputs of the Ministry of Agriculture," Textiles Secretary Rita Menon said on the sidelines of a Ficci function...