Raises support price by Rs 380/qtl; marginal rise for wheat. Pulses saw the highest rise of Rs 340- 380 per quintal in minimum support price (MSP), the government announcing these for the current rabi season. The decision is in line with government efforts to increase their sowing, to meet the increasing demand for the crop. The MSPs of masur and chana were increased by Rs 380 per qtl and Rs 340 per...
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Sugar output estimate raised to 24.5 mt
The government on Wednesday hiked the sugar production estimate for the 2010-11 marketing year (October-September) to 24.5 million tonnes (mt) from 23 mt earlier. "This will be the best year in terms of sugar production and productivity... The production this year will be in the range of 24-24.5 million tonnes," food, PDS and civil supplies minister Sharad Pawar said. The current government estimate is virtually on par with that of the...
More »Fighting hunger
A timely reality check on public policies in the developing world, the Global Hunger Index 2010, (GHI) released by the International Food Policy Research Institute, reveals the disturbing fact that the number of hungry people in the world hovers around the one-billion mark. Although this year's estimates by the Food and Agriculture Organisation place the figure at 925 million, barely a year ago, at the height of the recession, “the...
More »All is not well on the global food front
Reports of a possible global food crisis could not have come at a worse time for India. Food inflation is still over 16% and though plentiful rains this year hold out the promise of one of our best agricultural years ever , last week’s warning by the US administration of ‘dramatically’ lower supplies of corn, rice and wheat could force the RBI to tighten more than otherwise warranted in order...
More »EU trips the poor
Even as India and the European Union (EU) inch closer to threshing out a free-trade agreement, the unresolved issue of seizures by EU member countries of Indian generic drugs on their way to other destinations continues to sour relations between the two. Over a score of such incidents of unlawful confiscation of Indian drug shipments by European customs authorities have occurred in the past three years. Ironically, most of such...
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