Output of major crops, including sugar, will be better or equal to 2008-09’s production figures, but food prices are unlikely to return to that year’s levels. Food inflation may have permanently changed to stay on the higher side, economists have said. For a UPA government battling high prices, this could be a gloomy piece of news. A surplus monsoon has boosted acreages of all crops, according to food ministry figures. Output of...

Asks the regulator to wait till end of festive season to prevent price speculation. The ministry of food and pubic distribution system has proposed to the Forward Markets Commission (FMC) to extend the ban on trading of sugar futures till the festive season is over. Officials said recommendations have been sent to the regulator to prevent any scope of speculation in the sugar prices at a time when prices of all commodities...

An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to revise the issue price of levy sugar for the public distribution system (PDS). The group is going to meet on Thursday with a three-point agenda for discussion. The government had recently increased the price of levy sugar for mills, which is meant for PDS, to an average of Rs 17.57 per kg for the 2009-10 crop...

A task force, set up by the agriculture ministry, has recommended a slew of measures to increase India’s stagnating grain production. The panel has advised adoption of new technologies, water conservation and more efficient water management, especially in Punjab, Haryana and western Uttar Pradesh—known as ‘the food bowl of India’. The task force also suggests taking green revolution to the eastern region. It is hopeful that the measures would check...

India has discussed the possibility of ethanol production with Brazil during the current visit of the Indian Agriculture Minister Sharad Pawar to the South American giant. A press release issued here by the agriculture ministry Tuesday said that the minister held bilateral meetings with his Brazilian counterpart, Minister for Agriculture, Livestock and Food Supply Wagner Rossi. 'Both sides discussed the matters of mutual interest including the possibilities of cooperation in production of...