-PTI World food prices remained almost same in March from their levels in February due to stable prices in most commodities and decline in dairy prices, United Nations' Food and Agriculture Organisation said. "World food prices in March remained virtually unchanged from their February levels," Food and Agriculture Organisation (FAO) said in a statement. Amongst various commodity groups, only oil prices showed strength, compensating for falling dairy quotations, while the indices of cereals,...
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Food Security Bill may see some changes
-The Economic Times The much-awaited Food Security Bill, which is being vetted by Parliamentary Standing Committee, may see some changes before being cleared. "The committee may go for universalising the distribution of grains to cover wider range of population," ministry sources said. According to the original bill, the government is planning to make foodgrain available at low prices only to 'certain' targeted sections, that is, the below-poverty line population dividing the...
More »Govt blinks on food security Bill-Liz Mathew
In a move that could end a face-off within the government on the proposed food security Bill, the food ministry has decided to make everyone, except the so-called creamy layer, eligible for receiving state-subsidized foodgrains. Those who can afford to pay market prices will be kept out of the intended list of beneficiaries through the introduction of the exclusion criteria in the Bill, which will also seek to allocate foodgrains on...
More »Food inflation back on agenda as prices rise
-Reuters Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda. Food prices hit record highs in February 2011 and stoked protests connected to the Arab Spring wave of civil unrest in some north African and middle eastern countries. They then receded but started...
More »Come June, bountiful Rabi harvest poses problem of plenty by Rajeev Deshpande & Surojit Gupta
A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...
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