Food Corporation of India (FCI) today asserted that loss of foodgrain stored at its godowns is minimal and said the government would add 16 million tonnes of capacity within the next two years. "It's not true to say that storage loss is as high as 30 per cent...Storage loss is less than 0.4 per cent for rice and none for wheat," FCI CMD Siraj Hussain said at a conference. "Bulk wheat-producing states...
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Cheaper food keeps inflation down at 8.58%
Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...
More »No import of U.S. dairy products for now by Gargi Parsai
They will be subjected to protocol and verification: Pawar India has an “open mind,” but for now, it has held back permission to the United States for accessing Indian markets for U.S. dairy products, which may be made from the milk of cattle fed with feeds produced from internal organs, blood meal and tissues of ruminant origin or those that may contain animal rennet. In recent bilateral talks during U.S. President Barack...
More »Coca-Cola applies to food safety body on new sweetener by Viveat Susan Pinto
In what will be a first for an Indian company, the local unit of beverage giant Coca-Cola has applied to the Food Safety and Standards Authority of India (FSSAI) for permission to use stevia, a natural sweetner, in its products. Coca-Cola, in a joint application with Malaysian company, Pure Circle, which specialises in extraction of natural goodness from plants, has requested for use of stevial glycosides (commonly called stevia) singly or...
More »UP cane farmers wait for miller's price
With mills in Uttar Pradesh yet to begin crushing, farmer leaders have decided to hold their agitation and wait till mills open and declare the price at which they will buy cane. Millers, on the other hand, are of the firm view that they cannot operate feasibly at the state government mandated SAP of 205/quintal and there is no way they can afford to pay an incentive over it, as...
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