To meet the rising demand of storage space for food grains, especially during procurement seasons, the Food Corporation of India (FCI) and other agencies have invited tenders for 70 lakh metric tonnes of storage capacity. Principal Secretary to the Punjab Chief Minister Darbara Singh Guru, who was here to take stock of the arrangements of paddy procurement at the grain markets in border districts, said this on Tuesday. Talking to the...
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Govt must not ignore the food security of its people by Tina Edwin
Despite recording robust economic growth over the last couple of decades and spending thousands of crores of rupees on subsidising foodgrain and other programmes aimed at improving the nation’s social indicators, India ranks a low 67 among 84 countries on the Global Hunger Index, 2010. The country has actually dropped two levels since last year on the index published jointly by International Food Policy Research Institute (IFPRI), Welthungerhilfe and Concern...
More »All is not well on the global food front
Reports of a possible global food crisis could not have come at a worse time for India. Food inflation is still over 16% and though plentiful rains this year hold out the promise of one of our best agricultural years ever , last week’s warning by the US administration of ‘dramatically’ lower supplies of corn, rice and wheat could force the RBI to tighten more than otherwise warranted in order...
More »France, others eye slice of Indian harvest
The wheel has turned a full circle. India, which was synonymous with hunger and malnutrition in the West, is now being called upon to export from its pile of food grain to ease the shortfall in overseas markets. French Food, Agriculture & Fisheries Minister Bruno Le Maire broached the issue during a meeting with KV Thomas, India's minister of state for food and agriculture, last week. The issue is expected to be...
More »Speculation and the economics of hunger by Biraj Patnaik
A recent report of the UN Special Rapporteur on the Right to Food, Olivier de Schutter, provides a damning indictment of the role of speculation in food commodities in fuelling the global food crisis. The report – 'Food Commodities Speculation and Food Price Crisis – was released on the eve of an emergency meeting of the UN-FAO on the instability in agricultural markets. The global food crisis in 2007-08 led to...
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