The emerging economies of Brazil, India, China and Russia will enjoy an agricultural boom over the next decade as production stalls in Western Europe, a report says. Agricultural output in the Bric nations will grow three times as fast as in the major developed countries, the joint United Nations-OECD study said. Livestock and crop prices will stay above long-term averages, it added. And rising incomes and urbanisation in developing states...
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Sugar supplies in the bag as panic ends by Robert Plummer
Not so long ago, the prospect of a global sugar shortage gave food manufacturers a panic attack. Poor weather conditions hitting crops in the world's two biggest sugar-producing nations, Brazil and India, sent the price of the sweet stuff soaring on international markets. In August last year, US firms such as Kraft Food, General Mills and chocolate-maker Hershey were so worried that they wrote a joint letter to the country's...
More »World must tackle over-consumption of energy, resources, UN panel chair warns
The world is consuming too much energy and materials to sustain itself and the global community must summon the political will to tackle a whole raft of challenges, from mineral extraction to waste recycling to the more than 200 toxic chemicals entering the blood of foetuses, the head of a United Nations commission warned today. The central question is “how to achieve green and equitable growth and development for a growing...
More »Failing the dope test
At a time when other countries are cutting down ethanol admixing with vehicular fuel due to tightening supplies of alcohol, India, oddly enough, is doing the reverse. The Union government has forced the states to raise ethanol doping of petrol from 5 per cent to 10 per cent immediately and has set the target of hiking it further to 20 per cent by 2017, least realising that the sugar industry,...
More »Wasted effort
The national Biofuel policy announced by the government last week is well-intentioned but is not really practical. It aims for achieving a 20 per cent blending of Biofuels with petrol as well as diesel by 2017. Given that even the 5 per cent ethanol doping target — raised to 10 per cent last October — is yet to be achieved makes the target quite unachievable. The sugar industry, which is...
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