-The United Nations   World food prices remained virtually unchanged during the month of August, with only slight increases observed in the prices of cereals and meat, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s monthly Food Price Index averaged 231 points in August compared to 232 points in July, the Rome-based agency stated in a news release. It was 26 per cent higher than in August 2010 but seven points...

-The Hindu   They were objecting to ‘forcible' land acquisition for power project At least two dozen farmers were injured when the police resorted to a baton charge in the early hours of Thursday to break up their agitation against land acquisition in front of the Deputy Commissioner's office at Gobindpura of Punjab's Mansa district. The farmers, owing allegiance to 17 organisations, were protesting against what they called forcible acquisition of fertile land across...

-The Business Standard   The government’s move to allow an additional 0.5 million tonnes of sugar exports on top of one million tonnes permitted earlier is well intended. However, the total permissible exports are still not enough to adequately slash unsustainable inventories and improve the economic health of the sugar industry so that it can clear the mounting cane price dues. Given the robust rebound in sugar production in the current season (October...

The government’s latest estimates show that foodgrain production in the crop year 2010-11 rose sharply by 10.75% to a record 241.56 million tonnes (mt), a move that could potentially have a dampening effect on inflationary expectations. The impressive increase led by wheat, maize and pulses is revealed in the final estimates for 2010-11, and is partially explained by the fact that 2009-10 was a drought year. The crop year extends from July...

-The Business Standard   For a country whose cuisine uses so much edible oil, India’s dependence on imported cooking oil is as economically debilitating as its dependence on imported energy. Barring a short spell in the late eighties, when the country was nearly self-sufficient in edible oil production, the bulk of the cooking oil needs have been met through imports for decades. Even today, domestic oilseed production does not meet even...