From onions, sugar and coconuts, to tea, pulses, rice and spices, all kitchen ingredients will remain expensive in the New Year as unseasonal rains beyond the monsoon wipe out India’s major crops. Worse, rains are hampering the sowing of winter wheat, coarse grains and oilseeds, putting further pressure on food inflation that touched a two-and-a-half month high at 14.44% on Thursday. Across the country, farmers are helplessly watching their fields turn into...

On the National Conference on Oil Palm at Vijayawada in Andhra Pradesh (the largest producer in the country), Mr. M.C. Rao, palm oil farmer, Gajapati district, Orissa, stated, “Just like several Government agricultural departments, officials at the conference painted a false, bright, and positive picture about the prospects of the oil palm plantation for farmers taking up this cultivation.” “As usual the policy makers miserably failed to read the pulse of...

India, the world’s biggest producer and consumer of pulses, has extended ban on pulses exports until further orders, Agriculture Minister Sharad Pawar said on Tuesday, as it battles to rein in high food prices. The government had in June 2006 banned exports of pulses, which has a weight of 0.72 per cent in the wholesale price index. India’s food price index rose 12.13 per cent in the year to December 11, government...

This allocation is in addition to 25 lakh tonnes of grains released for BPL population in August Ban on export of pulses and permission to import pulses at zero duty to continue till March 2012 The Centre on Tuesday announced an additional allocation of five million tonnes of wheat and rice to States for distribution to the Below Poverty Line (BPL) and Above Poverty Line (APL) beneficiaries through the Targeted Public Distribution...

The Centre has given the states another 50 lakh tonnes of wheat and rice stocks, half of which will be sold to the poor at subsidised rates as food prices continue their steep climb. An empowered group of ministers (EGoM), headed by finance minister Pranab Mukherjee, also decided to extend the ban on pulses exports and allow duty-free imports of pulses till March 2012. “In today’s EGoM meeting, it was decided to...