Is the Planning Commission too singularly focused on reducing food subsidy and intending to dissuade people from buying subsidized food rations even as the government spends thousands of crores to store excess grains in its stocks? Is it being penny wise but pound foolish? An internal note of the Plan panel suggests so. A note prepared by the panel reveals some startling information. On April 1, 2010 -- normally the...

The Centre's decision to raise the minimum support price (MSP) sharply for pulses, moderately for coarse cereals and oil seeds, and not at all for rice and cotton (the nominal hike for rice merely rolls in the bonus offered last year) is right, in the conventional sense. The signal against increasing acreage for rice this kharif is sound, given the huge stocks with the government. The signalling is right, too,...

World cereals output is expected to rise this year to near-record highs, swelling overall supplies and putting pressure on already weakened prices, the UN’s food agency said on Thursday. The global wheat output is forecast to fall for the third consecutive year, but at 676.5 million tonnes it would still be close to 2008 record levels, the Food and Agriculture Organization (FAO) said, raising its earlier forecast for 2010. Overall cereals output...

Manipur households may find it difficult to fill their plates with rice next year, with the ongoing economic blockade robbing farmers of essential fuel to run their tilling machines. The food and civil supplies godown now has 7,132 metric tonnes of rice while the Indian Oil Corporation in Imphal has 1,223 kilo litres of diesel. The rice will last for a month, while the diesel can keep the state running for...

World cereal output is expected to rise this year to near-record highs, swelling overall supplies and putting pressure on already weakened prices, the Food and Agriculture Organisation (FAO) said on Thursday. The global wheat output is expected to fall for the third consecutive year, but at 676.5 million tonnes, it would still be close to record levels, the UN’s food agency said, revising its earlier forecast for 2010. Overall cereal output is...