The Food and Agriculture Organisation has raised the red flag over a potential spike in global prices of sugar and cereals, especially wheat. Although India might just get away thanks to a bumper output this year, it could get caught in the spiralling milk and edible oil prices. In any case, the government has virtually thrown its hands in the air on taming fruit and vegetable prices. But it isn't just...

Export curbs during 2008 crisis ‘exacerbated' situation. The Food and Agriculture Organisation on Wednesday said short-term policy actions, especially curbs on exports, could have harmful effects in the longer term and even aggravate the situation. In statement put on its website, the organisation, a body of the United Nations, pointed out at the 2007-08 crisis in the global food market as an example of how such decision can exacerbate the situation...

The heat generated by the high food inflation may force the government to go slow, or even drop, some of its key proposals to open up the country's food and fertiliser sectors, experts say. Decontrolling sugar and urea and freeing up some farm exports are some of the proposals the government may not touch in the coming days, they say. The proposal on foreign direct investment in multi-brand retail may also...

Higher food prices pose a major threat to the global economy and social stability but policymakers must not over-regulate commodity markets, a senior World Bank official said on Thursday. Ngozi Okonjo-Iweala, managing director at the Washington-based bank, said rising food prices are squeezing the poor and contributing to social instability. "Higher food prices and volatility are one of the biggest threats to the global economic recovery and social stability. You saw...

The National Advisory Council (NAC) had been widely credited with framing three pro-people legislations — the National Rural Employment Guarantee Scheme (NREGS), the Right to Information (RTI) and the Forest Rights Act — under the UPA 1 government. So when NAC 2 began discussions on the Food Security Act in mid-2010, expectations were high. The initial vision of an act with a universal public distribution system (PDS), extensive children's entitlements...