The problem is all pervasive as the prices of almost all food items have been rising In a scenario that is all familiar in India and for that matter in many other countries too, rising food prices have become an extremely sensitive issue with major political and social ramifications that go well beyond the economic ones. Not that the economic consequences are unimportant. From the macroeconomic management point of view, rising food...

After announcing food prices had reached record levels last week, the United Nation’s (UN) Food and Agriculture Organisation (FAO) is now trying to play down concerns about shortages. The FAO’s representative for Asia and the Pacific region, Hiroyuki Konuma, admitted that food supply and demand were tight but said there were sufficient grain stocks to feed populations. Though certain foods such as sugar, meat, corn and soybeans are selling at a...

Favours subsidised foodgrains only for poor The C. Rangarajan Committee on the proposed food security bill favours legal entitlement of subsidised foodgrains to the poor (below the poverty line), but has rejected the National Advisory Council's recommendation that above the poverty line (APL) households be partially covered, saying it is not feasible at the current levels of grain production and procurement. “The assured delivery of subsidised foodgrains be restricted to the really...

After three days of hectic consultations with Cabinet colleagues and experts, Prime Minister Manmohan Singh on Thursday set up an inter-ministerial group under the Chief Economic Adviser to the Finance Ministry to review the inflation situation with particular reference to primary food articles. It will also assess international tariff trends and recommend action on the fiscal, monetary, production, marketing, distribution and infrastructure fronts to prevent “price spikes.” As an immediate measure to...

A small farmer in Maharashtra, whose high-yielding rice variety is popular in five States, is denied the benefits of his research. TWENTY-SEVEN years ago, Dadaji Khobragade of Nanded Fakir village in Chandrapur district of Maharashtra noticed yellow seeds in three spikes of a paddy stalk in his field. Intrigued by the freak harvest, he preserved the grains. He subsequently planted them in a six-foot square plot, which he covered with thorny...