The total food subsidy bill will balloon to 1,10,600 crore if entitlements recommended by the Sonia Gandhi-headed National Advisory Council are incorporated into the Food Security Bill , the Ministry of Food And Public Distribution has estimated. The subsidy bill in the initial phase will be 93,000 crore. The ministry's estimates are significantly higher than the ones made by both NAC and the Rangarajan panel that studied the NAC recommendations. The ministry,...

Abundant reserves, says Beijing $1.96-billion relief effort under way China on Tuesday said a record drought across its major wheat-producing provinces would not impact global food prices, with the country expected to meet its demand from “abundant reserves.” “China is self-reliant on food,” Foreign Ministry spokesperson Ma Zhaoxu told a regular press briefing. He was responding to a question on global concerns triggered last week after the United Nations Food and Agriculture Organisation...

Buoyed by its success in increasing pulses production in India through effective implementation of National Food Security Mission (NFSM), the government is likely to bring production of millet and fodder under the mission’s ambit in the forthcoming Budget. The programme which will be on the lines of accelerated pulses production programme (A3P) is expected to be operationalised in the next one year. Officials said this programme, which would be part of NFSM...

There’s both good news and bad news on the food front.   The good news is that wheat, maize and pulses production during the current year will be the highest that India has seen. Wheat production was expected to be high, thanks to the twin advantages of a high procurement price —- higher than international prices —- and favourable weather conditions. But pulses production too has zoomed, because of the soaring prices in the...

Global wheat harvests may trail demand for a second year, spurring hoarding and further price gains, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN Food and Agriculture Organization, said in an interview by phone from Rome. Wheat, corn and soybeans soared to the highest levels since 2008 yesterday as a U.S. government report showed...