Economists across the world are expressing concern about rising food prices. The United Nations Food and Agriculture Organization recently released its Food Price Index. The list showed that a number of foods cost more than during the world food crisis of two thousand eight. The index is at its highest level since it began in nineteen ninety. Demonstrations and deadly food riots have broken out this month, as they did in...

What’s Going Wrong?     * Market intelligence remains a weak link; farm policies rarely reflect correct scenario     * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports     * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses     * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...

In a step to alleviate the plight of millions of people affected by the 2008 Kosi Floods, the Bihar government on Wednesday signed a $220-million agreement with the World Bank. The government will chip in with $39 million for the $259-million Bihar Kosi Flood Recovery Project aimed at supporting the State's recovery efforts, reducing risks of flooding and boosting emergency responses in the event of future disasters. At a function here, World...

India's reported willingness to relax its ceiling on cotton exports to accommodate the Pakistani demand for the commodity if Pakistan will permit the overland export of onions is a welcome development. The Floods in Pakistan affected some portion of its cotton crop, and the country is now short of the commodity for its domestic textile and yarn industry, the mainstay of its fragile economy; heavy and unseasonal rains have caused...

India is understood to have told Pakistan that it is ready to lift the ban on cotton exports if the latter resumes its onion exports through rail and land routes. Official sources in the Commerce Ministry said this was conveyed to Islamabad by the External Affairs Ministry. “The Indian side has conveyed to the Pakistani counterparts that it was ready to revisit the cotton export ban and ceiling issues, if the...