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...

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...

So what caused the French Revolution? Food prices did. A hailstorm destroyed French crops, food prices rose 88 per cent in one year, and hungry Parisians turned on their rulers. Ditto with the Tian-an-men showdown exactly 200 years later, in 1989: consumer prices rose 21 per cent in a country that had known virtually no inflation under Communist rule. The Suharto regime got overthrown in Indonesia in 1998 after food...

The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...