Asks the regulator to wait till end of festive season to prevent price speculation. The ministry of food and pubic distribution system has proposed to the Forward Markets Commission (FMC) to extend the ban on trading of sugar futures till the festive season is over. Officials said recommendations have been sent to the regulator to prevent any scope of speculation in the sugar prices at a time when prices of all commodities...

An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to revise the issue price of levy sugar for the public distribution system (PDS). The group is going to meet on Thursday with a three-point agenda for discussion. The government had recently increased the price of levy sugar for mills, which is meant for PDS, to an average of Rs 17.57 per kg for the 2009-10 crop...

The goal of food for all can be achieved only through sustained efforts in producing, saving and sharing foodgrains. The Supreme Court of India has rendered great service by arousing public, professional and political concern about the co-existence of rotting grain mountains and mounting hungry mouths. In several African countries hunger is increasing because food is either not available in the market, or is too expensive for the poor. Food inflation...

To help farmers in eastern India tide over the drought, the National Seed Corporation (NSC) has distributed tonnes of short-duration crop seeds to state government of West Bengal, Bihar, Jharkhand and Orissa. “We are have distributed 11,000 quintal of short-duration crop seeds to Bihar and Jharkhand and 1,000 quintal to West Bengal,” NSC chairman and managing director SK Roongta told reporters on the sidelines of the 47th annual general meeting of...

The kharif acreage has exceeded the last year's level by 78.93 lakh hectares. The Crop and Weather Watch Group in the Ministry of Agriculture, at its meeting on Friday, noted that the crops were so far sown in 950.22 lakh hectares as against 871.29 lakh hectares in the corresponding period last year. As per the data received from States, paddy has been sown in 312.42 lakh hectares as compared to 293.24 lakh...