-Hindustan Times India is growing more food but also wasting up to 67 million tonne of it every year, a government study shows. That’s more than the national output of countries such as Britain. And enough food for Bihar, one of India’s larger states, for a whole year. The value of the food lost – Rs 92,000 crore -- is nearly two-thirds of what it costs the government to feed 600 million...
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Govt expects record foodgrains production in 2016-17: Agri Minister
-The Hindu Business Line New Delhi: Despite a slowdown in the South West monsoon, the Centre has not given up hopes of a record foodgrains production in 2016-17. Agriculture Minister Radha Mohan Singh, speaking to reporters at a conference on Thursday, did not specify a production figure but said that his Ministry was sticking to its stand that foodgrains production in the ongoing year would touch a record high. “This means that foodgrains...
More »Pulses send WPI racing to 2-year high
-The Hindu Business Line Hits 3.74% in August as potato, manufactured items get pricier New Delhi: Wholesale price inflation rose to a two-year high of 3.74 per cent in August pushed up by expensive pulses and potatoes as well as a sudden spike in prices of manufactured items. Wholesale price index (WPI) based inflation was 3.55 per cent in July and had contracted by 5.06 per cent in August last year. Previously, WPI inflation...
More »Record increase in sown area under pulses during kharif 2016-17, shows latest data
A fall in the rate of inflation (on point to point basis) in Consumer Food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
More »Pulse buffer stock to be increased to 20 lakh tonnes
-The Hindu The Centre on Monday approved the enhancing of buffer stock of pulses to 20 lakh tonnes so as to stabilise the prices and encourage farmers to scale up production. “The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Consumer Affairs for increasing the buffer stock to 20 lakh tonnes. It will be built through domestic procurement and imports of 10 lakh tonnes each,” an official...
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