The Food and Agricultural Organization said Wednesday that the world faces a "food price shock" after the agency's benchmark index of farm commodities prices shot up last month, exceeding the levels of the 2007-08 food crisis. The warning from the U.N. body comes as inflation is becoming an increasing economic and political challenge in developing countries, including China and India, and is starting to emerge as a potential problem in developed...

Production this year likely to be 24.5 million tonnes, compared to internal demand of 23 MT The Centre has allowed export of 5 lakh tonnes of sugar. It has asked sugar mills to register themselves for seeking the Release Order for exports under Open General Licence (OGL). They have been allowed to export raw, white and refined sugar, but no export subsidy will be given. Export only from new output The OGL export...

Even as the new year brings little cheer on the price front, the famed apathy of our officials continues to move the common man to tears. Nearly 200 tonnes of onions imported from Pakistan are lying at the Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva while officials pass the buck for not releasing the bulb to onion-starved markets. The affected traders have indicated that the cargo is stuck for want...

Some 10 lakh to 30 lakh migrant labourers take up skilled or semi-skilled work in Kerala. THE State Bank of India has a branch near the Raj Bhavan in Thiruvananthapuram, in a by-lane on the avenue leading to the Kowdiar Palace, the residence of the former maharajas of Travancore. It is a cosy little place on the first floor of a nondescript building, and the clientele includes the rich and...

If dal roti went out of reach for the aam admi in 2009, vegetables and onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...