Managing high agriculture commodity prices is becoming a concern for policy makers in India as well as globally. While Food and Agricultural Organisation (FAO) has already warned of a ‘food price shock’, concerns are raised that this situation could worsen as various exporting countries could consider restrictions which will further create supply bottlenecks. As global food prices hit a record high, India just trails behind with food inflation touching a 23-week...
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Govt raises APL foodgrain prices by over 40 per cent by Ravish Tiwari
In a major decision that is likely to add to the double-digit food inflation, the government has quietly raised foodgrain prices for Above Poverty Line (APL) families by over 40 per cent. The decision to this effect was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh on December 30. “The Committee considered the note dated 04/10/2010 from the Ministry of Consumer Affairs,...
More »FAO food price index hits new high
Global food prices rose in December, with the FAO Food Price Index at a record high, the UN Food and Agriculture Organisation said on Wednesday, past 2008 highs when rising food prices sparked riots in a number of countries. Up for the sixth month in a row and fueled by surging sugar prices and rises in cereals and oils, the index was the highest since records began in 1990, in nominal...
More »Rangarajan panel differs with NAC on food entitlements for non-poor by Gargi Parsai
The Experts Group chaired by the Prime Minister's Economic Advisory Council Chairman, C. Rangarajan, favours mandatory entitlement of subsidised foodgrains to the ‘priority' category (Below the Poverty Line) as recommended by the National Advisory Council (NAC). But the Group does not think that it is feasible to extend to the ‘general' category (Above the Poverty Line) legal entitlement of subsidised foodgrains under the Public Distribution System (PDS). The panel has suggested...
More »Food security act should have provision for distribution of millets: MS Swaminathan
Eminent scientist M S Swaminathan has said the new National Food Security Act should include a provision for distribution of millets through the public distribution system. This measure will be implemented keeping in mind the possible reductions in yield of rice and wheat due to climate change. Speaking at a climate change symposium during the 98th Indian Science Congress 2011 held at SRM University on Wednesday, Swaminathan elaborated on the...
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