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India rethinks frequent ban on export of foodgrain, other farm commodities-Amiti Sen

-The Economic Times   India's frequent ban on export of foodgrains and other farm commodities may soon become a thing of past as the commerce department is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through Imports.  The move will help India restore some global credibility as it has often faced flak for its banning spree.  "Once we are ready with the proposal, it will...

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Price spike inflates worry

-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...

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A ban on the use of crops with transgenic traits is unscientific and India needs new technologies to raise farm yields-Deepak Pental

Science and technology hold the key to developing low-input, high-output agriculture. The challenge is to use new technologies creatively and to make evidence-based decisions on the deployment of new technologies. Crop breeding is carried out to meet two broad objectives: one, to increase yields of a crop per se and, two, to protect the yield potential by developing crops resistant to diseases, pests and environmental extremes.  Both yield-enhancement and yield-stabilisation are...

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Inflation seen at 2012 high in May

-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

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Higher prices likely to cut fertiliser demand 10-15 %-Rituraj Tiwari

-The Economic Times     Rising fertiliser prices may lead to a drop in demand by 10-15 % this kharif season. The impact will be more on diammonium phosphate (DAP) whose prices are likely to double over last season.  DAP prices have gone up from Rs 12,000 a tonne last kharif to over Rs 18,000 a tonne and are likely to be revised to Rs 24,000 within a couple of weeks. "Yes, there are...

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