-PTI Chairman of Prime Minister's Economic Advisory Council, C Rangarajan today said Agriculture Produce Marketing Committees (APMCs) have not helped the farmers in gaining higher level of income.  "The marketing arrangements with respect to agricultural products remain very archaic", he said, delivering the convocation address at the University of Agricultural Sciences, Bangalore.  "Some of the legislations such as APMC have also not helped the farmers. There is a big difference between what the...

The government should immediately announce a 10% increase in the floor price of cotton and rice to protect farmer incomes if it imposes a ban on the export of these commodities, India's two most economically significant cash crops, according to the Commission of Agricultural Costs and Prices (CACP), a body which advises the government on the pricing policy for major farm produce. "Any ban on export is an implicit tax on...

-PTI World food prices remained almost same in March from their levels in February due to stable prices in most commodities and decline in dairy prices, United Nations' Food and Agriculture Organisation said.  "World food prices in March remained virtually unchanged from their February levels," Food and Agriculture Organisation (FAO) said in a statement.  Amongst various commodity groups, only oil prices showed strength, compensating for falling dairy quotations, while the indices of cereals,...

In a move that could end a face-off within the government on the proposed food security Bill, the food ministry has decided to make everyone, except the so-called creamy layer, eligible for receiving state-subsidized foodgrains. Those who can afford to pay market prices will be kept out of the intended list of beneficiaries through the introduction of the exclusion criteria in the Bill, which will also seek to allocate foodgrains on...

A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...