India, the world’s second-biggest rice grower, may have a record harvest this year as increased planting offset drought in the east of the country. Production may total 100 million tonnes in the year ending June 2011, compared with 89.3 million tonnes a year ago, said Vijay Setia, president of All India Rice Exporters’ Association. Output was a record 99.2 million tonnes in the year ended June 30, 2009, according to the...

It is not every day that we have more than 60 million tonnes of foodgrain in our granaries. It must be an achievement, considering we were living literally from ship to mouth even in the 1960s. Unfortunately, what could have been a matter of pride has turned out to be a national shame, that too the second time in this decade (the first was in 2001). As Karl Marx said,...

With Europe and Gulf countries, putting in place stringent safety norms for ensuring that pesticide residue in agricultural crops remain below prescribed limits, basmati (aromatic rice) exporters from India have urged the Union agriculture ministry to ensure that farmers use less pesticide. Europe and Gulf nations are main export destinations for Indian basmati rice. In a letter to agriculture ministry, Vijay Setia, president, All India Rice Exporters’ Association has said that some...

The rise in global wheat prices by almost 50% in less than two months as commodity markets factor in a sharp drop in exportable surplus has not touched India, among world’s biggest producers and consumers of wheat. What’s more surprising, domestic futures prices too are unlikely to show any appreciable rise, going by the trend in India’s commodity markets. Barring minor blips, August and September wheat futures at NCDEX, largest exchange for...

Today, the Supreme Court of India will hear arguments in what is emerging as a national disgrace: One of the world’s largest stockpiles of foodgrain going to rot and rodent because the government lacks the vision, ability and commitment to either store it properly or distribute it to the poor. Let me recap what I reported on the front-page of this paper last month: About a third of India’s grain reserves,...