In December 2011, CAG tabled a well-analysed audit report in Parliament claiming a loss of 1,200 crore, or $250 million, on the import of subsidised pulses through 2006-11 under the supervision of department of consumer affairs (DCA) of the food ministry. The government's intention to introduce such a scheme cannot be faulted: during 2005-08, seven million tonnes of wheat was imported at high prices, chana (chickpeas) values spiked from 21...
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Near-record wheat production expected this year
-FAO FAO today forecast that 2012 world wheat production will be the second highest on record at 690 million tonnes and also announced that international food prices rose one percent in February — the second increase in two months. Published today, FAO’s quarterly Crop Prospects and Food Situation report forecast a 2012 wheat crop 10 million tonnes or 1.4 percent down from the record 2011 harvest but still well above the average...
More »US hauls India to WTO on poultry ban by Amiti Sen
The US has dragged India to the World Trade Organization for banning poultry products in alleged violation of trade rules, but Indian officials say the country is ready to defend its measures in the formal consultations expected to begin soon. India claims that the import ban is aimed at preventing avian influenza, but it has not given scientific evidence in line with international standards on avian-influenza control, US Trade Representative Ron...
More »US challenges India poultry ban at WTO
-Reuters The United States on Tuesday began action at the World Trade Organisation (WTO) to open India's market for poultry meant and eggs, saying an Indian ban on US Imports intended to stop the spread of bird flu was not based on sound science. "The United States is the world's leader in agricultural safety and we are confident that the WTO will confirm that India's ban is unjustified," US Trade Representative Ron...
More »Food Security: Government mulls private purchase of farm land abroad by Dheeraj Tiwari & Rituraj Tiwari
The government has decided to throw its might behind private purchases of farm land overseas to ensure food security for India. The agriculture ministry has sought views from other ministries on an institutional mechanism to extend sovereign support to India Inc's acquisition of farm land abroad that could include guaranteed buyback of harvest from the cultivation overseas. Agriculture secretary PK Basu said that the proposal is in a nascent stage. "We had...
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