Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...
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No agreement on price regulation and penalty clause in the Seeds Bill by Gargi Parsai
The government failed to reach an agreement with the Members of Parliament, who moved for amendments to the Seeds Bill on the issue of price regulation and penalty for failure of seeds in a meeting convened by the Union Agriculture Minister Sharad Pawar here on Wednesday. On other amendments, the members either convinced the government or got convinced. The government will now consult the Ministry of Law on the two issues, Mr...
More »Along the food chain by MK Venu
Politicians, from the ruling party and opposition alike, are grappling with the problem of how to effectively communicate with their constituencies on the issue of high food inflation. One had thought it would be easy for the opposition to mount a campaign on rising prices against the ruling coalition, but it appears that inflation and its impact on the political economy is far more complex today than it was 10...
More »OECD: Rich Countries Raised Farm Subsidies in 2009
The world’s rich countries boosted government support for agriculture in 2009, according to a report that the Organisation for Economic Co-operation and Development (OECD) released last week. The report, “Agricultural Policies in OECD Countries: At a Glance 2010,” is part of the OECD’s annual effort to quantify and assess the support that its 31 developed country members provide to their agricultural producers. The OECD found that the Producer Support Estimate (PSE)...
More »Government's food subsidy bill totals Rs 60000 crore
The Centre is gearing up to put in place a stringent monitoring system for the Public Distribution System (PDS) even as coining the food security law becomes more complicated and prolonged. Some 11 states gave their suggestions to the Centre on the issue here today at a meeting of state food ministers, in what is seen as a bid by food minister Sharad Pawar to bring PDS back into the...
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