In the mid-eighties there was a rumour which later turned out to be true: US livestock were being fed with foodgrains in order to ensure better quality of their meat. Later it proved to be corn and not fine cereals like wheat and rice. The Indian intelligentsia was appalled and indignant: How come cows and buffaloes were fed with grains while millions of people continued to live below the poverty line...
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Global food prices remain unchanged in March
-PTI World food prices remained almost same in March from their levels in February due to stable prices in most commodities and decline in dairy prices, United Nations' Food and Agriculture Organisation said. "World food prices in March remained virtually unchanged from their February levels," Food and Agriculture Organisation (FAO) said in a statement. Amongst various commodity groups, only oil prices showed strength, compensating for falling dairy quotations, while the indices of cereals,...
More »Food inflation back on agenda as prices rise
-Reuters Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda. Food prices hit record highs in February 2011 and stoked protests connected to the Arab Spring wave of civil unrest in some north African and middle eastern countries. They then receded but started...
More »Come June, bountiful Rabi harvest poses problem of plenty by Rajeev Deshpande & Surojit Gupta
A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...
More »Pranab vetoes extra food subsidy to states-Ravish Tiwari
In the first example of his intention to take “difficult decisions” to contain the ballooning subsidy burden to control the fiscal deficit, Finance Minister Pranab Mukherjee on Monday denied permission to food minister KV Thomas for about 26.5 million tonnes of additional food grain allocation to states at subsidised rates over the normal allocation that would have cost the exchequer Rs 32,794 crore of food subsidy. “It will have to be...
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