-The Hindu Business Line The primary mandate of the Food Corporation of India (FCI) acting under directions of Food Ministry is to service requirements of the public distribution system (PDS) in association with State Government Agencies (SGAs). But over the years, FCI has also been called upon to intervene in managing market prices, albeit with little success. FCI efficiently procures wheat, paddy/milled rice but faces odds while selling surplus grains in the...

-PTI Says there are serious deficiencies in the action plan presented by state govt for lifting foodgrains of about 700,000 tonnes meant for PDS Criticising the Bihar government for not lifting foodgrains allotted to the state for public distribution, the Centre has given it an ultimatum to complete the exercise by August 31. In a letter to Bihar Chief Minister Jitan Ram Manjhi, Union Food Minister Ram Vilas Paswan said there are "serious...

-PTI New Delhi: Rising prices of rice in the open market prompted households to reduce consumption and rely on ration shops to buy it at controlled rate, shows a government survey. According to the NSSO survey, Indian families consumed less rice in 2011-12 but their purchases of the commodity under Public Distribution System (PDS) doubled in villages and rose by 66 percent in cities. The monthly per capita rice consumption in villages was...

-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...

-Down to Earth No acknowledgement from government as unofficial drought spells ruination for farmers in central and north-west India Even though IMD will declare a drought confirmation later in the year, the unofficial drought continues to exist. The threat of one of the worst droughts looms large over India. The India Meteorological Department declared that the country as a whole received 43 per cent less rainfall till July 11, 2014. The average amount...