In India, people are upset about onions. Expensive cooking oil is causing hoarding in China, a practice banned by the government. Meanwhile, flour and bread are the main source of riots in Algeria and now Jordan. Worries over food prices are gathering pace and triggering alarm among politicians across the world. For there is nothing more likely to bring down a government than ignoring starving citizens, as Marie Antoinette found to...
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World Food Prices Expected to Stay High or Keep Rising by Steve Ember
Economists across the world are expressing concern about rising food prices. The United Nations Food and Agriculture Organization recently released its Food Price Index. The list showed that a number of foods cost more than during the world food crisis of two thousand eight. The index is at its highest level since it began in nineteen ninety. Demonstrations and deadly food riots have broken out this month, as they did in...
More »High global food prices but local solutions? by CRL Narasimhan
The problem is all pervasive as the prices of almost all food items have been rising In a scenario that is all familiar in India and for that matter in many other countries too, rising food prices have become an extremely sensitive issue with major political and social ramifications that go well beyond the economic ones. Not that the economic consequences are unimportant. From the macroeconomic management point of view, rising food...
More »We dont have enough food to feed everyone! by Dipa Sinha
The Rangarajan committee further dilutes the proposals for the food security bill The Rangarajan committee set up by the Prime Minister to examine the recommendations of the NAC on the food security bill has submitted its report. It is not surprising to see that it has argued against even the minimalist framework of the NAC saying that expanding the PDS is impossible due to procurement and fiscal constraints. Although the full...
More »Inflation row heats up across India
Reeling under the spiraling prices of essential commodities, locals and activists from regional factions staged agitations in several parts of the country to protest the perceived inability of the central government in tackling inflation. The simmering row over inflation boiled over in Agra as activists of regional Samajwadi Chhatra Sabha (SCS) vented their ire through a unique demonstration. Shouting slogans, the student activists traversed the streets of Agra on bullock and horse...
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