Thanks to predictions of a good monsoon, Planning Commission member Abhijit Sen has projected a robust growth rate of five per cent from 0.2 per cent in agriculture and allied sectors in 2010-11. From the earlier estimate of -0.2 per cent last year, the growth rate has been revised to 0.2 per cent. Dr. Sen, who is in charge of the farm and food sector in the Commission, said food inflation was...

Kerala Food and Civil Supplies Minister C. Divakaran has come out strongly against the suggestion of the Federation of Indian Chambers of Commerce and Industry (FICCI) that the Union government withdraw from grain procurement, storage and distribution under the Public Distribution System (PDS) and outsource these to private operators. FICCI makes the suggestion in a study report, which was released a few days ago. In a statement here on Monday, Mr. Divakaran...

The state’s wheat purchase exercise is mid-way, but the state government officers have already started mulling over amending the current procurement policy. The wheat purchase started on April 1 and the government has purchased merely 14.84 lakh metric tonnes. The state government agencies have to purchase 39 lakh metric tonne for 2010-11. The Food Corporation of India (FCI) is to purchase 1 lakh metric tonne. Each month the state government...

Bizarre are the ways of the government when it comes to managing, or mismanaging, the country’s food economy. On the one hand, it goes on mopping up bulk of the wheat and rice arriving in the mandis to build up its grain stocks, clearly to prevent foodgrain prices from falling below the minimum support price (MSP) level. On the other hand, it plans to offload 3 million tonnes of wheat...

Rice procurement has crossed 27 million tonnes in 2009-10, down by about three per cent over the last year's due to low production. Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, and state agencies had procured 27.93 million tonnes of rice in the corresponding period of the previous marketing year, which runs from October to September. The Centre had procured a record 33.68 million tonnes of...