After announcing food prices had reached record levels last week, the United Nation’s (UN) Food and Agriculture Organisation (FAO) is now trying to play down concerns about shortages. The FAO’s representative for Asia and the Pacific region, Hiroyuki Konuma, admitted that food supply and demand were tight but said there were sufficient grain stocks to feed populations. Though certain foods such as sugar, meat, corn and soybeans are selling at a...

What’s Going Wrong?     * Market intelligence remains a weak link; farm policies rarely reflect correct scenario     * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports     * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses     * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...

The first consignment of about 200 tonnes of onion imported by the government from Pakistan landed at the Mundra port in Gujarat today and is likely to reach Delhi on Tuesday. The government had asked state-owned trading agencies PEC and State Trading Corporation (STC) to import onion to boost domestic supply and rein in the soaring prices of the kitchen staple. Since Pakistan had banned trade of onion to India through land...

The Tamil Nadu government on Friday decided to implement immediately a slew of measures to rein in the spiralling prices of essential commodities and vegetables. A large number of sales counters will be opened in Chennai and other Corporation areas to sell vegetables. Chief Minister M. Karunanidhi, who chaired a meeting to discuss ways to control price rise, directed officials to start 25 new Uzhavar Sandhais. The State government will write to...

Marie Antoinette may or may not have deadpanned “let them eat cake” but the Bengal government could have tried saying “let them eat potato” in these times of price rise. But out went that opportunity — along with 7,000 bags or 4,200 tonnes of potatoes at Panagarh in Burdwan. In terms of cash, potato stocks valued at Rs 50 lakh rotted on the open ground today because of a dispute between a...