The country's agriculture sector recorded the lowest growth in five years, at 0.2 per cent, in fiscal year 2009-10 due to widespread drought. Agriculture and its allied sectors had grown at 1.6 per cent in 2008-09. However, dismal as the farm sector's growth seemed to be, it was not as low as expectations set for the fiscal. It had grown by 0.2 per cent, though the earlier estimation -- arrived...
More »SEARCH RESULT
Total Matching Records found : 586
Sugar supplies in the bag as panic ends by Robert Plummer
Not so long ago, the prospect of a global sugar shortage gave food manufacturers a panic attack. Poor weather conditions hitting crops in the world's two biggest sugar-producing nations, Brazil and India, sent the price of the sweet stuff soaring on international markets. In August last year, US firms such as Kraft Food, General Mills and chocolate-maker Hershey were so worried that they wrote a joint letter to the country's...
More »Record wheat output likely, Centre upbeat by Gargi Parsai
With expectations of a record wheat production this year (2009-10), the Union government is upbeat about providing food grains to the Below Poverty Line (BPL) families on a sustained basis under the proposed National Food Security Bill. “Despite the drought caused by (-) 23 per cent rainfall during the kharif season this year, farmers have maintained a production of 170.29 million tonnes of rice and wheat… which calls for satisfaction. With...
More »Normal rain forecast cools food inflation by Unni Krishnan
India’s food inflation slowed as finance minister Pranab Mukherjee said agriculture prices may cool further on prospects of sufficient rains this year. An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 16.61% in the week ended 17 April from a year earlier. It gained 17.65% the previous week, according to a statement in New Delhi on Thursday. Mukherjee on Wednesday vowed to...
More »Monsoon to dispel clouds over sugar, grain
A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...
More »
