Raises support price by Rs 380/qtl; marginal rise for wheat. Pulses saw the highest rise of Rs 340- 380 per quintal in minimum support price (MSP), the government announcing these for the current rabi season. The decision is in line with government efforts to increase their sowing, to meet the increasing demand for the crop. The MSPs of masur and chana were increased by Rs 380 per qtl and Rs 340 per...

The spectre of a global food crisis has reared its head again. Soaring corn prices, which on Monday recorded their biggest one-day rise since 1973, have triggered fears of a return to the turmoil of 2007-2008. Far-reaching measures are needed to prevent a recurrence. Rising prices over the last decade are in part the result of burgeoning demand from emerging markets such as China and India. The emergence of commodities as...

Reports of a possible global food crisis could not have come at a worse time for India. Food inflation is still over 16% and though plentiful rains this year hold out the promise of one of our best agricultural years ever , last week’s warning by the US administration of ‘dramatically’ lower supplies of corn, rice and wheat could force the RBI to tighten more than otherwise warranted in order...

Last year, paddy cultivation suffered owing to drought in 399 districts during the same period Area under coarse cereals is also up by 2.91 per cent at 21.2 million hectares this year Thanks to good monsoon, the area under rice cultivation this kharif season has gone up by 6.4 per cent. Last year, paddy cultivation had suffered owing to drought in 399 districts during the same period. As per the official data released...

Ample monsoon rains and higher prices of farm goods are likely to lift Indian fertiliser demand in 2010/11 by 13 percent to a record 60 million tonnes, testing local fertiliser makers' ability to raise output in sync with the demand, industry officials said. India's June-Sept monsoon rains, a key factor in determining food grain production and fertiliser demand in the country, were 2 percent above normal in the current year, weather office data showed....