-The United Nations   Food prices dropped to an 11-month low in October, the United Nations Food and Agriculture Organization (FAO) said today, while adding that they are still higher than last year and very volatile.   FAO’s Food Price Index averaged 216 points last month, down 4 per cent from September, the agency said in a news release. The index is a measure of basic food prices at the global level. “The drop was...

Ahead of next year’s assembly elections, the Congress-led United Progressive Alliance (UPA) government plans to revise a proposed food security law to bring it in line with a previous draft that is deemed more liberal, and expedite its execution. Congress president Sonia Gandhi, who also heads the National Advisory Council (NAC) that drafted the initial National Food Security Bill, has suggested some crucial changes to the version that was made public...

-The Economic Times   The increase in India's food subsidy bill after the introduction of the Food Security Act, which will guarantee subsidised grains to a large section of population, could damage the country's financial health, agriculture minister Sharad Pawar said here on Wednesday.  The situation is worrying even now, the minister said at the Economic Editors Conference here. "The issue price of grains for ration shops has not been changed for last...

-The Business Standard   Rajasthan, Maharashtra, Jharkhand, and Karnataka have shown high-growth momentum in agricultural foodgrain production during the last five years and have the potential to contribute significantly to India’s foodgrain basket. The share of these low-foodgrain yielding states in the total foodgrain production of India have improved from 17.4 per cent to 19 per cent during 2002-06 period over 2007-11 period. However, the contribution of the states with high-yield foodgrain production like...

The Union government is inclined to examine specific requirements of States individually while implementing the proposed legislation on food security. When it was brought to his attention that crores of people in the State would be left out of the Public Distribution System as the ceiling for coverage of urban population stipulated in the draft National Food Security Bill was 50 per cent and the provisional figures of Census 2011 pointed...