-Press Information Bureau/ Ministry of Finance The agriculture sector will see a record production of foodgrains and Oilseeds in the year 2013-14, according to the Economic Survey for 2013-14, released in New Delhi today. As per the third Advance Estimates, the production of foodgrains is likely to touch a record output of 264.4 million tones (mt) in 2013-14 showing an increase of 2.88% over the previous year. Similarly, Oilseeds are likely...
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Food prices decline for third straight month – UN agency
-The United Nations Global food prices dip for a third consecutive month in June following a ten-month surge, the United Nations agriculture agency said today. The UN Food and Agriculture Organization's (FAO) price index- which measures monthly changes in the global price of a basket of meat, dairy, cereals, Oils and fats, and sugar- averaged 206.0 points in June 2014, down 3.8 points (1.8 percent) from May and nearly 6 points (2.8...
More »Monsoon woes: Centre sounds drought alarm for western India
-The Financial Express Union Agriculture Minister Radha Mohan Singh said on Tuesday that western India is likely to be worst affected by a sub-normal Monsoon, with possible drought-like conditions in some areas. "Monsoon is delayed. Western India is expected to be worst affected and drought-like situation might prevail in some pockets," Singh told reporters after a BJP delegation from Maharashtra met him on the issue. According to the IMD's data of cumulative rainfall...
More »Rural job scheme caused price rise: Govt -Shishir Sinha
-The Hindu Business Line Facing criticism for rising prices, the Modi Government has blamed public expenditure on schemes such as MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) for fuelling food inflation. Curiously, the BJP wants the job scheme to continue, with the focus mainly on agriculture. According to the agenda note circulated for Friday's Conference of State Food Ministers with the Centre, food inflation is caused by both demand and supply...
More »El Nino could hit Indian agriculture this monsoon
-IANS Panaji: Factors as innocuous as the humble grain-carrying sack to the mighty El Nino could have a varying impact on grain production and delivery this year, experts suggest. Detailed presentations made at a recently-concluded 'Global Grain and Feed Forum' conference in Goa suggest that the occurrence of the El Nino phenomenon in June could to some extent rob India of its monsoon, but also note that poor quality sacks are also...
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