-The Business Standard Cautious optimism about the revival of the monsoon  A progressive improvement in the monsoon, after a dismal June that saw rainfall deficient by over 30 per cent, has eased some worries over kharif crop production. Since then the rainfall deficit has been halved to 15 per cent, dispelling fears of a situation as bad as in 2009, when severe drought lowered foodgrain production by seven per cent. In addition,...

-The Hindu Sowing of kharif Paddy has improved thanks to rain in some parts of the deficient areas, but it is still lower by 11.40 lakh hectares as compared to last year. If compared with last year’s sowing — a record foodgrains production year — at this time of the year, the area under Paddy, pulses, coarse cereals, oilseeds and cotton is still lower. An inter-Ministerial group that reviewed the situation on Friday...

-The Economic Times India's rice exports are likely to jump as much as 15% this year after the government scrapped the minimum export price (MEP) of $700 per tonne. "India's annual basmati exports will surpass last year's figure in the current fiscal," said Sumeet Saluja, managing director, Whitefields Overseas, which markets basmati under the brand name India Crown. Total rice shipments, including basmati and non-basmati, were 7.3 million tonne in 2011-12. Of this,...

-The Telegraph Jhargram: A farmer who had accused chief minister Mamata Banerjee of making false promises to Jungle Mahal’s poor at her Wednesday rally was picked up a second time on Friday night and slapped with non-bailable charges. Forty-something Shiladitya Chowdhury, who owns a one-bigha plot, has been charged with assaulting and injuring government officials three days after the police apparently let him go because they could find no evidence that he...

-The United Nations The United Nations Food and Agriculture Organization (FAO) said today that global rice Paddy production for 2012 is expected to be lower than originally expected, owing to below-normal monsoon rains in India. The July 2012 issue of the Rice Market Monitor, released by FAO today, says that production is expected to total 724.5 million tonnes – a 7.8 million tonne downward revision compared to the original forecast in April....