-The Times of India CUTTACK/BHUBANESWAR: Thousands of twin city dwellers on Friday made a beeline for shops to stock up on vegetables and dry food. The mad rush led to a steep rise in prices of chura (flattened rice ), potatoes and candles. Soon they vanished from the market. "I bought a kg of chura for Rs 28. In the evening the shopkeeper hiked the rate to Rs 45 a kg. I...
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Some good news: Farm sector likely to grow over 5%-Surojit Gupta & Sidharth
-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and mobiles, in particular, could rise...
More »Food inflation: How to decode the onion price puzzle-Usha Tuteja
-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...
More »Trading on hunger
-The Hindu Roberto Azevêdo's observation that India's food security law may violate its commitments to the World Trade Organization should not take New Delhi by surprise. If anything, the government should be thankful the Director-General - who seems apprised of India's legitimate demand for ensuring food security - has recommended an interim solution until the WTO Ministerial Conference in December deliberates this issue. It was clear from the start that...
More »Global Food Prices expected to remain volatile in coming years, warns UN official
-The United Nations Although global Food Prices have recently stabilized, they are expected to remain volatile over the next few years, the head of the United Nations Food and Agriculture Organization (FAO) said today, as a ministerial meeting on global Food Prices kicked off in Rome. FAO Director-General José Graziano da Silva told the meeting, which coincided with the opening of the Committee on World Food Security, that this year's session was...
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