-The United Nations After three months of stability, the United Nations Food and Agricultural Organization's (FAO) Food Price Index declined in December, meaning the index fell over the course of 2014 for the third consecutive year. The 1.7 per cent fall in December, which comes after the index had appeared to bottom out last month, was credited to continued large supplies and record stocks, combined with a strong US dollar and falling...

-Down to Earth Chhattisgarh's much appreciated public distribution scheme is falling apart due to corruption and mismanagement As chhattisgarh prepares for panchayat election at the end of the year, the fate of ration card holders in the state is in limbo. During a verification drive in July-August, the state government found almost 1.3 million "unnecessary" ration cards in the possession of people. These cards have been taken back by the government and...

-The Indian Express Last week, India and the US reached an understanding on working out a "permanent solution" to the issue of public stockholding for food security purposes at the World Trade Organisation (WTO). The deal is seen as a breakthrough, ending the impasse that had stalled the implementation of a landmark Trade Facilitation Agreement (TFA) hammered out at the WTO's ministerial conference in Bali last December. * What is this deal...

-Business Standard Total physical stock as on November 1 was 43 mt against the total covered storage capacity of 55 mt For the first time in many years, foodgrain stocks in the central pool are much less than the entire covered storage capacity available with the Food Corporation of India (FCI), thanks to some reduction in procurement and efficient management. This, as some officials said, effectively means the bulk of the rice procured...

-Business Standard Commerce Minister Nirmala Sitharaman says India's proposals will be now reviewed by the WTO General Council Washington: India has reached an agreement with the United States on public stockpiling of food, trade minister Nirmala Sithamaran said on Thursday, paving the way for the implementation of a global trade facilitation deal that has been stalled for months. Under the pact with Washington, India will lift a veto on a global agreement on...