Amidst predictions by FAO of a record world cereal production of 2279.5 million tonnes during 2010-2011, the bad news is that drought conditions may bring down Russia's domestic wheat production to 50 million tonnes in the current year from 63.7 million tonnes in 2008-09. Russia has already imposed a temporary ban on wheat exports. This has pushed up international prices of wheat contradicting the prediction of FAO's Food Outlook 2010...

Finance Minister Pranab Mukherjee on Thursday countered the Opposition attack that the government's policies resulted in price rise and said the steps it took resulted in food inflation coming down. Replying to the debate on the motion on price rise, he said additional revenue measures were also taken to bring down the fiscal deficit and keep the economy in a better shape. The Rajya Sabha later unanimously adopted the motion: “This House...

With rich natural resources, biodiversity, dependable rainfall (annual average close to 2000 mm) and lower use of pesticides, north eastern states of the country could become a hub for organic products cultivation, the demand for which is up in global markets, an independent research paper has said. The paper has also urged the central government and the North Eastern Development Council to create an umbrella policy so that the potential of...

Acting with determination and firm action, it should be possible for India to step up its agricultural growth rate to 10 per cent. The 11th Five Year Plan seeks to achieve 4 per cent growth rate in agriculture by the end of the Plan period. The Planning Commission is working towards an overall 9 per cent to 10 per cent growth rate. But the target of 4 per cent growth rate is...

Crops are grown outside our towns. Anger over food prices grows in our towns. Put these two facts together, and you can figure out exactly how divorced, sometimes, the justifiable concern about food inflation is from the cold realities of agriculture. It is not as if we can really blame ourselves for blindness, either; the unreformed, statist nature of price discovery in agriculture insulates us, as in no other sector,...