As food prices rose for the seventh month in a row in January, contributing to recent popular unrest in the Middle East and a spike in commodities purchases by developing countries last week, some analysts are quick to make comparisons to the dry years of 2007-2008. But others warn against panic and oversimplified predictions of an impending food crisis, which contribute to price volatility. "It is important to underline – and we've...

THE boom in demand for apparel and mobile phones may soon be over as Indians plan to spend less on fun and entertainment to deal with rising food prices, a Nielsen study says. Indian consumers are extremely cautious about rising food prices and a sizeable section may defer purchases by 6-12 months, says the latest Nielsen global consumer confidence index released on Monday. Some companies, including LG Electronics and Future Group, agreed...

It pays to keep away from private-public partnerships, especially if you plan to ‘only’ create awareness on a topic that complements the business you are in. Last week, foods giant Nestle was probably chewing hard on this thought. The company found itself in an uneasy position in India, when  it received unfavourable media coverage for a nutrition-awareness programme that Nestle India had launched in schools in association with universities such...

Fish consumption has reached an all-time high and more people than ever are employed in or depend on the fisheries sector, according to a new United Nations report, which also warns that global fish stocks have not improved. “That there has been no improvement in the status of stocks is a matter of great concern,” said Richard Grainger, senior fisheries expert at the UN Food and Agriculture Organization (FAO) and one...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...