-The Hindu The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month,...

-The Indian Express Punjab has not missed the monsoon. Despite rainfall being nearly 60 per cent deficient — there has been some this week — the paddy fields have remained lush green all through the season. But below, the water table in over 80 per cent of Punjab is depleting. Of 138 hydrogeological blocks, over 100 are listed as dark or grey zones due to over-exploitation of underground water, with the average...

-The Times of India The monsoon in August has beaten most expectations, including the India Meteorological Department's outlook of 96% rain for the month, by registering 99.6% of normal rainfall (till August 29). The rain rally, particularly impressive in north India, has raised hopes of a better than expected kharif crop output. The overall monsoon deficit now stands at 12%, considerably better than 19% when the month began. The northern states, which...

-Live Mint Mahindra and Mahindra Ltd, the world’s biggest tractor maker by volume, cut its forecast for sales growth of the farm equipment in India as the worst rainfall in three years delays crop sowing. Mahindra estimates industry sales to expand as little as 2% in the year ending 31 March, Pawan Goenka, president of the automotive and farm equipment division at the Mumbai-based company, said in an email response on Thursday. Goenka...

-The Business Standard Cautious optimism about the revival of the monsoon  A progressive improvement in the monsoon, after a dismal June that saw rainfall deficient by over 30 per cent, has eased some worries over kharif crop production. Since then the rainfall deficit has been halved to 15 per cent, dispelling fears of a situation as bad as in 2009, when severe drought lowered foodgrain production by seven per cent. In addition,...