Prime Minister Manmohan Singh on Monday virtually ticked off the Supreme Court, saying that it "should not get into policy formation". The trigger for this rebuke was the apex court's anger at grains rotting in FCI and government godowns, and its direction to agriculture minister Sharad Pawar to distribute grains for free to families living below the poverty line. Talking to a group of editors on Monday morning, Singh said...

Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia. Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country’s railroad monopoly said on Friday it will stop loading...

Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred  The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...

Regular helpings of fruit are a dietary given, but increasing use of harmful chemicals for artificially ripening has often left buyers helpless. The Union health ministry has now stepped in, deciding to punish guilty vendors with up to six months in jail and fine of Rs 1,000. Vendors often resort to use of chemicals such as calcium carbide to ripen fruits, specially mangoes, bananas, papayas, apples and plums before time....

The recent announcement of minimum support prices (MSP) for various Kharif crops has once again called into question certain aspects of the official policy towards agricultural pricing. True to pattern, it has come in late. The monsoon arrived at least a week before, and many farmers might have already chosen the crops to sow. The world over governments through their price support programmes, consisting of assured minimum prices and subsidies,...