-The United Nations The United Nations Food and Agriculture Organization (FAO) said today that global rice paddy production for 2012 is expected to be lower than originally expected, owing to below-normal monsoon rains in India. The July 2012 issue of the Rice Market Monitor, released by FAO today, says that production is expected to total 724.5 million tonnes – a 7.8 million tonne downward revision compared to the original forecast in April....
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Waiting for rain-PK Joshi
-The Indian Express As drought pushes up food prices, India must invest in new irrigation methods The speculation on the delay of the monsoons and below-normal rainfall this year is not new to India. But the drought in the maize belt of the United States — that is, in the Midwest — was unexpected. The impact of the drought will be felt on wheat and soya bean production. This will eventually lead...
More »Old diet, new recipe-Sebastian PT
-Business Today "I want it back," says Sharada Begum. The 67-year-old woman is a member of one of the 100 households of Raghubir Nagar, a resettlement colony in west Delhi, chosen to participate in a pilot scheme that aimed to turn the public distribution system (PDS) on its head. Through all of 2011, these households had Rs 1,000 transferred every month to a woman member's bank account in lieu of rice, wheat,...
More »Geared up to face drought situation, says Centre
-The Indian Express The government on Friday said the spectre of drought over a few states and the likelihood of a lower rainfall pattern this year should not be a concern for a “panicky situation” as it is geared up to face the situation with enough stocks of foodgrains and sugar. Last year the production of both foodgrains and sugar had overshot the estimate leaving the government with adequate resources for the...
More »Food and consumer affairs ministry to curb speculation in futures trading-Rituraj Tiwari
-The Economic Times The food and consumer affairs ministry plans stern action to curb any speculative trading of grains in the futures market after an emergency meeting slated for later this week to review the price situation. Food and consumer affairs minister KV Thomas is taking a daily stock of prices as the country grapples with a below- normal monsoon. "After reviewing the situation in the futures market, we will send the...
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