Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...

A rise in global temperatures of four degree Celsius is likely to occur during the 21st century causing "devastating impacts" if greenhouse gas emissions continue rising at the current rate, according to a group of international scientists. In a special issue of the UK journal "Philosophical Transactions of the Royal Society A" -- which coincides with the start of the United Nations climate talks in Cancun, Mexico -- scientists argue that...

The country’s economic growth is expected to remain strong despite sluggishness in the manufacturing sector as a rebound in agricultural output is expected to support overall growth. Growth in the key farm sector, which accounts for nearly 17% of the nation’s GDP, has been a concern for policymakers for the past few quarters. But, healthy monsoon has raised expectations of strong farm output during July-September 2010. In addition, the arrival of...

Familiar battle lines emerged on Sunday on the eve of a conference to restore the credibility of the UN's talks on climate change after last year's near-disaster in Copenhagen. Campaigners said the interests of the environment and poor countries would not be sacrificed to help boost the faltering process, while the European Union (EU) called on China, the United States and India to agree to "fair" curbs on their carbon emissions. Nearly...

Stability in markets will be determined by size of next year's crop The Food and Agriculture Organisation (FAO) has warned about a further increase in global food prices in 2011 if there is no significant increase in production of major food crops. In the latest edition of its “Food Outlook” report, the agency observed that the rise in global prices, all of which was accruing in the second half of 2010, owing...