India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...
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Food security to create permanent wheat shortage by Nidhi Nath Srinivas
From next year, atta,bread,biscuits ,snacks and everything made from maida and sooji will become seriously more expensive. Even after a bumper crop, there just won't be enoughwheat for us. ET helps you join the dots. The trigger for wheat inflation that will hit each one of us is the Food Security Act, which kickstarts next year. The Food Corporation of India (FCI) will need substantially more wheat to supply three...
More »Poor economics
The embarrassment of riches in grain stocks confronting the government is a problem of its own making. It is the product of ill-conceived policies on grain procurement, storage and distribution and mistimed decisions on opening and shutting of foodgrain exports. The grain stocks that have piled up as a consequence are far more than needed for any rational inventory and public distribution programme. Burgeoning food stocks pose problems of storage...
More »'A-maizing' progress by Surinder Sud
Breakthroughs in the production and productivity of wheat and rice in the sixties and of cotton recently have been much appreciated, but similar advances in maize have gone largely unnoticed and unsung. Maize output has soared in the past 10 years from a mere 12 million tonnes in 2000-01 to over 21 million tonnes in 2010-11. This increase can largely be attributed to a surge in crop productivity rather than...
More »Food security law could push up world prices, widen subsidy bill by Surojit Gupta & Sidhartha
The proposed Food Security Act has the potential to stoke global food prices and significantly increase the country's food subsidy bill, officials and experts say. The government plans to introduce a legislation which aims to ensure food security for 75% of the rural households and 50% of the urban areas and includes both below poverty line and above poverty line families. Experts say that in case there is a drought in future...
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