Food inflation rose for the third week running as floods disrupted supplies, but most economists see food prices easing soon. Inflation in food articles in the new series with 2004-05 base was 15.1% for the week ended September 4, compared with 14.6% in the week before, data released on Thursday showed. The central bank chose to lift rates in its policy review on Thursday saying inflation is still a big...

India’s monsoon rains were 19% above normal in the week to 15 Sept., the weather office said on Thursday, feeding concern cotton and groundnut harvests could be further delayed in Asia’s third-largest economy. “The monsoon withdrawal is unlikely at least in the next couple of days,” said a senior official of the weather office who did not wish to be named. Rains had already exceeded averages by 26% in the previous week. Signs...

As India rapidly industrialises, the government and private firms are seeking large tracts of farm land to build factories, power plants and highways, sparking off violent protests by farmers and others. Here are some questions and answers on the issue: WHY IS LAND A BIG ISSUE? For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India's 1.2...

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,...

The number of hungry people in the world dropped about 10 percent for the first time in 15 years to below 1 billion but the figure is still "unacceptable," the UN Food and Agriculture Organization (FAO) said in a report. According to a report titled "The State of Food Insecurity in the World," which will be jointly published by FAO and World Food Program (WFP) in October, about 925 million people...