Discussions with Plan panel, finmin and NAC almost over, draft law to be finalized at the next eGoM meeting The Congress-led United Progressive Alliance (UPA) government is expected to introduce the National Food Security Bill, a proposal that aims to provide subsidized foodgrain to the poor, in the monsoon session of Parliament even as the procurement of rice and wheat touches a record high. The ruling Congress party had pledged in its...

FAO forecast of generally tight situation for most crops and commodities over next 18 months. Consumers are unlikely to get relief from high food prices till December 2012, despite a modest increase in global foodgrain production. High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012, says a report of the Food and Agriculture Organisation of the United Nations. The next few months...

-The Business Standard   Given the unchecked proliferation of central agricultural development schemes (totalling more than 50), Krishi Bhawan’s move to condense them into a few programmes, while leaving greater operational say to state governments, seems well-conceived. The Planning Commission has done well to readily agree to such a shift in approach from the 12th Plan, which starts next April. In fact, when Krishi Bhawan launched its flagship programme, the Rashtriya...

The food ministry has prepared a new food security bill, reworking an earlier version and reconciling what had been “promised to the people” by the ruling Congress and the government’s fiscal constraints, MoS for agriculture KV Thomas has told HT. In August last year, the UPA government had pulled the plug on a previous draft, after it was found wanting by the Congress leadership. The Sonia Gandhi-led National Advisory Council, which oversees...

-Reuters   World cereals output is expected to rise to a new record in 2011 due to more planting and improved yields but low stocks are set to keep prices high, the United Nations’ food agency said. Global cereals output is expected to rise 3.5% to 2.315 billion tonne this year, recovering after a 1% fall in 2010, the UN’s Food and Agriculture Organisation (FAO) said on Tuesday in its first estimate...