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...
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World food prices set to remain high-FAO
High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012 according to the latest analysis published today in FAO's biannual Food Outlook. The report cites a sharp rundown on inventories and only modest overall production increases for the majority of crops as reasons for continuing strong prices. The next few months will be critical in determining how the major crops will fare this...
More »World food prices set to remain high into next year, says UN report
-The United Nations Citing dwindling stocks and only small production increases for the majority of crops, a new United Nations report released today says world food prices are likely to remain high for the rest of this year and into 2012. The biannual Food Outlook published by the UN Food and Agriculture Organization (FAO) states that the next few months will be critical in determining how the major crops will fare...
More »World grain output to rise on more planting & better yields
-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...
More »Economists write to Sonia on Food Bill by Sanjeeb Mukherjee
Eminent economists have shot off a letter to National Advisory Council (NAC) Chairman Sonia Gandhi to ensure that the proposed Food Security Bill is quite comprehensive and excludes only a few rich people. They also want Sonia to get the Bill legislated in such a way it is not based on the current public distribution system (PDS) for all times to come as direct subsidy transfer could also be an...
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