Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia. Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country’s railroad monopoly said on Friday it will stop loading...

Russia has announced a temporary ban on wheat exports. This is of course not entirely unanticipated. Today, soon after the Russian Prime Minister reportedly announced a temporary grain export ban, prices were seen rising further. Drought conditions have threatened Russian wheat harvest. From record 63.7 million tonnes in 2008-09, wheat production declined by two million tonnes the following year. Drought is now threatening to pull output down to around 50 mt. Russia's wheat exports...

Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...

Faced with acute shortage in supply of foodgrain in the public distribution system (PDS), all fair price shop owners in the state have decided to down their shutters from September 20 for an indefinite period. Three year ago, ration shops were gutted and many dealers had to go underground after food riots due to shortage. Surprisingly, minister of food & supplies Paresh Adhikari appeared to be unaware of the situation. “We...

In the summer of 2006, I travelled with a group of scholars and writers through the district of Dantewada, then (as now) the epicentre of the conflict between the Indian State and Maoist rebels. Writing about my experiences in a four-part series published in The Telegraph, I predicted that the conflict would intensify, because the Maoists would not give up their commitment to armed struggle, while the government would not...