Gearing for the challenge of implementing the proposed Food Security Bill, Union Minister of State for Food and Public Distribution K.V. Thomas has decided to hold a conference of Chief Ministers to seek their views and cooperation. Mr. Thomas toldThe Hindu that he had made a presentation of the proposed Bill to Defence Minister A.K. Antony, Finance Minister Pranab Mukherjee, Agriculture Minister Sharad Pawar and Planning Commission Deputy Chairman Montek Singh...
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WTO warns of rising global protectionism
-Reuters The world's trading nations are succumbing to protectionism in the wake of the global financial crisis, limiting exports of food and raw materials and installing new import barriers, the WTO warned on Friday. Commodities export restrictions from Indian cotton and Ukrainian wheat to Chinese rare earths and coal are "not without hazards", the World Trade Organization said in the report that assesses the protectionist behaviour of more than 180 nations. The...
More »Paddy procurement from today
State to seek the higher MSP from the Union Government The State Government will begin procuring paddy in four districts from Saturday at a minimum support price (MSP) higher than that fixed by the Centre. The Union Government has fixed the support price for grade one paddy grown in Karnataka at Rs. 1,030 a quintal and for grade two variety at Rs. 1,000 a quintal. The State Government will add Rs....
More »World food prices to remain high by Dilip Kumar Jha
FAO forecast of generally tight situation for most crops and commodities over next 18 months. Consumers are unlikely to get relief from high food prices till December 2012, despite a modest increase in global foodgrain production. High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012, says a report of the Food and Agriculture Organisation of the United Nations. The next few months...
More »World food price situation to remain tense in 2011: FAO
-PTI High volatility and price swings in food commodities are likely to prevail for the rest of this year and could continue into 2012, UN body Food and Agriculture Organisation today said. “High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012,” Food and Agriculture Organisation said in a statement. The next few months will be critical in determining how the major crops...
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