-The Indian Express Reeling under the pressure of huge foodgrain stocks, well above the storage capacity across the country, the government on Thursday decided to send 50 lakh tonnes of grains to the states at much below the minimum support price (MSP), leaving a window open for export at a later date. “We will look into the issue once the Agriculture Minister is back in town,” Finance Minister Pranab Mukherjee is...
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NAC sticks to its stand, finalises draft food security bill by Nitin Sethi
The Sonia Gandhi-led National Advisory Council stood its ground on Wednesday and gave the go-ahead to an expansive Food Security Bill. Not relenting to the position the Prime Minister's Office and the Planning Commission had taken against a bill that could lead to a surge in subsidy, the NAC finalized the draft along the lines of the framework it had made public earlier. The government was expected to table its...
More »Retail inflation up for both farm and rural labourers
-The Business Standard Retail price inflation for agricultural and rural labourers rose to 9.63 per cent in May, from 9.11 per cent the previous month, mainly because of a rise in the prices of food, fuel and clothing. Wholesale price inflation for May rose to 9.06 per cent from 8.66 per cent a month earlier and was one of the factors for the Reserve Bank of India to raise the repo...
More »The New Geopolitics of Food by Lester R Brown
From the Middle East to Madagascar, high prices are spawning land grabs and ousting dictators. Welcome to the 21st-century food wars. In the United States, when world Wheat Prices rise by 75 percent, as they have over the last year, it means the difference between a $2 loaf of bread and a loaf costing maybe $2.10. If, however, you live in New Delhi, those skyrocketing costs really matter: A doubling in...
More »Looking beyond paddy, finally by Sukhdeep Kaur
Punjab's attempts at diversification from water-guzzling paddy hasn’t made much headway. With looming desertification and reverse flow from water-logged blocks having brackish groundwater to areas where the groundwater table is fast depleting, the need to diversify has been underlined since long. Even in a lean monsoon year (2009), there was a record harvest of the crop. Its acreage did not fall even last year when a major part of the paddy...
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