-FAO   Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...

-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

-The Times of India NEW DELHI: There were signs of onion prices falling in certain cities on Monday. Similar correction in prices are expected in the next few days as arrival has increased almost two-fold at Asia's largest onion market in Lasalgaon. Similar was the trend in Pimpalgaon and Delhi. Food ministry sources said higher quantity of onion arriving at markets will increase supply across the country in the next few days...

-The Times of India NEW DELHI: The onion crisis gripping the government might be largely man made. Slow release of onion stocks by a clutch of traders rather than a shortfall in production has emerged as a key reason for retail prices rocketing to Rs 70-80 a kg. The government uncovered the plot - hatched by traders operating from major onion markets in Nashik in Maharashtra - as it sought to figure...

-The Times of India NEW DELHI: Private players have placed orders to import around 7,000 tonnes of onions, while the government leaned on a public sector company to ship the key kitchen ingredient to beat the domestic shortage. The moves came even as the food and consumer affairs ministry said it will seek export curbs if prices did not ease in a fortnight. Senior government officials said Project Export Corporation was on...