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Food inflation: How to decode the onion price puzzle-Usha Tuteja

-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...

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Food subsidy issues need to be addressed: WTO

-The Hindu     Concern over procurement and distribution of subsidised foodgrains Asserting that India would soon be breaching its Aggregate Measurement of Support (AMS) commitments to WTO (World Trade Organization) due to its new food security programme, the newly-elected Director-General, Roberto Azevedo, on Monday, sought a positive solution to the issue before the Bali Ministerial to be held in December as some countries had expressed concern over the procurement and distribution of highly...

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Global food prices expected to remain volatile in coming years, warns UN official

-The United Nations Although global food prices have recently stabilized, they are expected to remain volatile over the next few years, the head of the United Nations Food and Agriculture Organization (FAO) said today, as a ministerial meeting on global food prices kicked off in Rome. FAO Director-General José Graziano da Silva told the meeting, which coincided with the opening of the Committee on World Food Security, that this year's session was...

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The global implications of India's food security law-Nikhil Inamdar

-The Business Standard Balancing duty to the poor while mitigating 'policy externalities' arising out of the food bill is India's latest challenge The government has fought all odds to get the food security bill - an entitlement programme that covers 67% of India's 1.2 billion large population under a subsidised grain regime, passed in the Parliament. But the battle now shifts to the global stage with India having to convince negotiators, particularly...

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Marketing, not hoarding

-The Business Standard Onion crisis is a reminder of the need for retail reform Onion prices in towns have begun, finally, to come down. That follows a fresh harvest of onions in Karnataka and Maharashtra. But the price rise could happen again - unless its causes are realistically ascertained, and the right lessons drawn. The crisis was generally believed to have been triggered by low production, high exports and rampant hoarding. However,...

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