The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...
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Record highs in global unemployment likely to persist in 2011, UN reports
Despite a sharp rebound in economic growth for many countries, global unemployment in 2011 is likely to continue at the record highs of the past three years, highlighting the need for long-term policies that prioritize quality job creation, according to the United Nations labour agency. Moreover, a narrow focus in developed economies on reducing fiscal deficits without addressing the challenge of job creation will further weaken employment prospects in 2011, the...
More »Arabian Delights by Debarshi Dasgupta
That Indian firms, some of them backed by the government, have gone scouting for land abroad to farm crops for consumption back home is well-known. Reversing the trend, now many Gulf countries are getting a toehold in India that will allow them to farm here and export the food back. A Bahraini firm, the Nader & Ebrahim Group (NEG), recently tied up with Pune-based Sanghar Group to do exactly that....
More »Food crisis depicts marginalisation of the poor by Vikram Doctor
Everyone agrees that there is a food crisis. As ordinary members of the public we know there’s one every time we go out shopping for vegetables. My mother knows there’s a crisis because, after recently sacking her cook, she discovered the lady had left with all the onions in the house. The media agrees there’s one, and sends more TV crews to talk to onion farmers, even though the TV reporters...
More »Govt has no control over veggie prices: Sharad Pawar by Deepak Lokhande
Beleaguered by rising prices, Union agriculture minister Sharad Pawar on Saturday termed sky-high onion prices a seasonal phenomenon and hoped that the picture will change in the coming months. “Onion prices have shot up as over 70% of crop from Nashik, which would have been ready for sale in December-January, was destroyed due to unseasonal rains. This has disturbed the cycle of supply in the country. It will be restored after...
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