World cereals output is expected to rise this year to near-record highs, swelling overall supplies and putting pressure on already weakened prices, the UN’s food agency said on Thursday. The global wheat output is forecast to fall for the third consecutive year, but at 676.5 million tonnes it would still be close to 2008 record levels, the Food and Agriculture Organization (FAO) said, raising its earlier forecast for 2010. Overall cereals output...

The European Union is to radically overhaul its approval system for genetically modified (GM) crops from next month, opening the way to large-scale GM cultivation in Europe, EU sources said on Friday. With most Europeans showing no appetite for GM produce in food, EU politicians have approved just two varieties for growing in 12 years, compared with more than 150 worldwide. Under proposals due to be adopted on 13 July,...

World cereal output is expected to rise this year to near-record highs, swelling overall supplies and putting pressure on already weakened prices, the Food and Agriculture Organisation (FAO) said on Thursday. The global wheat output is expected to fall for the third consecutive year, but at 676.5 million tonnes, it would still be close to record levels, the UN’s food agency said, revising its earlier forecast for 2010. Overall cereal output is...

vineyard owners of Maharashtra who export grapes are worried. The Euro-pean Union rejected their table grape consignments in mid-April as they were found containing traces of chlormequat chloride, a plant growth regulator. The export of table grapes (these are consumed directly unlike grapes that go into wine making) was halted immediately. The farmers are facing losses of about Rs 300 crore, media reported. “My son-in-law had exported two containers (30...

India has opposed suggestions that countries that have cap-and-trade schemes to control carbon emissions—mostly developed countries—impose a carbon tax on imports from nations that don’t have such measures in place, made at the ongoing global climate talks in Bonn. “The matter of any unilateral trade measure on imports in the name of climate action raises some concerns regarding the success of our discussions,” Vijay Sharma, secretary, ministry of environment and forests,...