-Reuters KHAMMAM (India): It was a deal struck almost 40 years ago by a poor, illiterate Indian farmer, driven by desperation after a drought wiped out his crops and left his family close to starvation. The agreement: 10 acres of land, the size of four soccer pitches, for a mere 10 kg (22 lbs) of sorghum grains. "My father-in-law pawned the land for food," said Kowasalya Thati, lifting the hem of...
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Global food prices on the rise again: World Bank
-Reuters Latest World Bank food price index showed the cost of food rose 8% between December and March Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wed nesday. The latest World Bank food price index showed the cost of food rose 8% between December and March. In the...
More »Food ministry faces a problem of plenty now-Rituraj Tiwari
As news of record food grain production trickled from the corridors of the agriculture ministry, officials of the storage wing in the adjoining food ministry began working overtime to save the department the embarrassment of plenty. Food minister KV Thomas is under pressure to ensure that the toil of farmers is not wasted. "It's my duty to make sure that food grains don't rot. We are on our way to create...
More »Record foodgrain estimate won’t lead to lower prices-Ruchira Singh
Rice, wheat production seen at highest ever, but other commodities show a decline from previous year’s harvest The government estimated a record high foodgrain crop for the 2011-12 crop year that ends in June, driven mainly by higher output of rice and wheat, but experts said prices are likely to remain firm and keep inflation at around 7%. The likelihood that the government will increase the minimum prices it guarantees farmers for...
More »Jairam says ‘no' to foodgrains as part payment-K Balchand
“The best way to solve the problem of surplus foodgrains is to roll out food security law” Opposing the Union Finance and Food & Civil Supply Ministries' proposal for providing foodgrains as part payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme, Union Rural Development Minister Jairam Ramesh holds that the best way to solve the problem of surplus foodgrains is to roll out the food security law...
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