-Reuters Global food prices rose in February from the previous month, driven by gains in grains, vegetable oils and sugar, the United Nations' FAO index showed on Thursday, adding inflationary pressure.  The index, which measures monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar, averaged 215.3 points in February, up from a revised 212.8 points in January, data from the Food and Agriculture Organisation (FAO) showed.  The FAO...

-PTI Agriculture Minister Sharad Pawar, who has cited difficulties in implementing the Food Security Bill, today said there should not be any problem in rolling out the proposed law in the wake of record foodgrain output.  "This year, we will break last year's record by reaching 250 million tonnes of foodgrains," Pawar told reporters on the sidelines of Kharif Conference 2012 here.  "With this background, to implement the Food Security Bill, I don't...

-The United Nations   Global tea prices are set to stay strong through 2012, with demand driven by growth in Asia, according to the United Nations Food and Agriculture Organization (FAO). The agency’s Intergovernmental Group on Tea says that the high price of tea, which averaged $2.85 per kilogram in 2011, reflects the fact that demand for black tea – accounting for most of world production – has exceeded supply since 2009. The Group,...

Microsoft founder Bill Gates has criticised UN agencies like the International Fund for Agricultural Development (IFAD), the Food and Agriculture Organisation (FAO) and the World Food Programme (WFP) for not doing enough to fight hunger and poverty. “Countries, food agencies and donors aren’t working together in a focused and co-ordinated way to provide the help small farmers need, when they need it,” Gates told the governing council of the IFAD in...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...