India does not have enough surplus stocks of foodgrains for exports in the short-term and the country needs to boost its farm production significantly, to meet the expected rise in domestic demand by 2020, a top official of FCI said on Wednesday. "The country has adequate stock of foodgrains to meet our needs...there is not much surplus availability of the food grains for export in the short-term," Food Corporation of...
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Asia struggles to boost food output as inflation bites by Naveen Thukral
Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
More »"Perfect Storm" Spurred 2007-08 Food Crisis, Study Says by Matthew O Berger
Rising food prices have not yet reached crisis levels but they are expected to remain very volatile for about the next decade, researchers said Thursday. The conclusions were based on a new study of the factors that contributed to the 2007-08 food crisis, which researchers hope will shed light on what actions might be taken to avoid food crises in the future. "There were many suspects for what caused the crisis, but...
More »Scam detected in FCI godown by Kumod Verma
A scam worth about Rs 8.81 crore has been detected in the Food Corporation of India (FCI) godown at Dumroan in Buxar district. While assistant manager of the godown Umakant Dubey has been suspended by senior area manager of FCI Sandipan Chattopadhyay, an FIR has been lodged with the Dumroan police station in this connection. According to Chattopadhyay, the FCI has been running two popular schemes -- Karif Marketing Season (KMS)...
More »World food import bill may cross $1 trillion this year: FAO
The food import bill of the global community could surpass the $1 trillion mark in 2010, with prices of most commodities going up sharply compared to the previous year, the Food and Agriculture Organisation has said. In the latest edition of its ‘Food Outlook’ report, the U.N. agency asked the world community to be prepared for harder times ahead unless production of major food crops increases significantly in 2011. The food import...
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