Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...

Jharkhand today declared 12 districts drought-hit, acknowledging that poor rainfall had affected crop cultivation and setting in motion usual administrative measures to initiate relief measures on a war footing. At a meeting of the governor’s advisory council, the 12 districts were identified as Latehar, Ramgarh, Chatra, Seraikela-Kharsawan, Khunti, East Singhbhum, Jamtara, Palamau, Dhanbad, Bokaro, Ranchi and Jamtara. The Telegraph had reported yesterday that the governor’s council was likely to name the districts...

India’s monsoon rains were about 3% above normal in July, the highest for the month since 2005, making a repeat of last year’s crop failure and food-led inflation surge unlikely. Heavy rain since the third week of July has brought readings above normal for the first time this monsoon season, according to weather office data, wiping out the seasonal shortfall in almost all major grain areas other than in the east...

With rich natural resources, biodiversity, dependable rainfall (annual average close to 2000 mm) and lower use of pesticides, north eastern states of the country could become a hub for organic products cultivation, the demand for which is up in global markets, an independent research paper has said. The paper has also urged the central government and the North Eastern Development Council to create an umbrella policy so that the potential of...

After failing to come anywhere near the 10th Five Year Plan (2002-07) target of 4 per cent per annum rate of growth of agricultural output, the Planning Commission has projected a lower target growth rate of 3 to 3.5 per cent per annum for the 11th Plan period. While some may view this as a more modest target, others may consider it as still far too ambitious, given the track...