After increasing slowly and steadily from historic lows, world rice prices tripled in just six months during 2007-08. The price surge caused much anxiety because so many of the world’s poor are rice consumers. And it caught many by surprise as market fundamentals were sound. Indeed, it was government policies, rather than changes in the production and consumption of rice, that drove the surge. This suggests that improved government policies...

The Environment Ministry's clearance of projects such as Posco, Jaitapur and Lavasa will cause havoc in our gravely endangered environment. EVEN the worst pessimist could not have imagined that the January 31 order of the Ministry of Environment and Forests (MoEF) approving the South Korean-origin company Posco's steel project in Orissa would be as bad as it actually is. Construction of the Rs.54,000-crore steel plant, its captive power unit and private...

It is time for us to take a hard look at our agricultural system. We are not yet reliving the food crisis of 2007-08 , but food prices are surging, with global prices for wheat and maize rising by 75% and 60%, respectively, from June to December 2010. Meanwhile, nearly 1 billion people worldwide are going hungry. The obvious solution to many of our food-related ills is to accelerate agricultural growth....

As food prices rose for the seventh month in a row in January, contributing to recent popular unrest in the Middle East and a spike in commodities purchases by developing countries last week, some analysts are quick to make comparisons to the dry years of 2007-2008. But others warn against panic and oversimplified predictions of an impending food crisis, which contribute to price volatility. "It is important to underline – and we've...

The European Commission’s decision to exclude two key ozone-depleting gases from the purview of carbon trading from 2013 would have negative implications for global warming. The two industrial emissions marked for this purpose are Hydrofluorocarbon-23 (HFC-23), essentially trifluoromethane, and nitrous oxide. These are highly potent greenhouse gases (GHGs) that together account for the bulk of the trade under the EU’s emission trading system, which is, by far, the world’s largest...