-The Times of India Stocking up of foodgrains by the government could be one of the major factors for the continuing surge in food prices, warn experts. Latest wholesale price data available on the industry department's website shows that Wheat Prices are up almost 20% in October compared to a year ago. That's at a time when the government is holding stocks of 42 million tonnes — three times the buffer stock...
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FCI to sell 3 mn tonne wheat in open market to ease prices
-PTI The government has surplus stocks in view of record production last year Food Corporation of India today said it will sell immediately 3 million tonnes of wheat to bulk consumers in open market in an effort to bring down prices. Last week, the Cabinet Committee on Economic Affairs (CCEA) had approved sale of 6.5 million tonnes of wheat under open market sale scheme (OMSS) through the tender process. "Out of 6.5 million tonnes...
More »The Coming Famine In India-Binayak Sen
-Mainstream Weekly Dr Binayak Sen, an internationally renowned medical practitioner and social activist (a leading figure in the People’s Union for Civil Liberties), was incarcerated in Chhattisgarh and held in detention in Raipur having been branded as a Maoist for his activities in defence of poor tribals in the State. He is now out on bail. The following is the text of the Arvind Narayan Das Memorial Lecture he delivered in...
More »A futures shock from FCI-Devinder Sharma
-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...
More »Wheat output may remain stable this Rabi season-Madhvi Sally
-The Economic Times AHMEDABAD: Wheat output may remain stable this season due to remunerative prices and sufficient water availability. However, agriculture officials feel that the delay in announcing wheat MSP for rabi season might deter farmers. "We don't see a drop in wheat acreage this year and the production should clock similar to that of previous year's 93.90 million tonne. It will be too early to say that the area will increase...
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