-The Business Standard Remember the food riots of 2008? Is the world heading towards another food crisis? That, worryingly, seems to be the conclusion that a new publication on food prices and availability in the next decade (2011-20), issued jointly by the Organisation for Economic Cooperation and Development (OECD) and the United Nations Food and Agricultural Organisation (FAO), arrives at. The OECD-FAO report forecasts agricultural commodity prices, in real terms,...
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NAC sticks to its stand, finalises draft food security bill by Nitin Sethi
The Sonia Gandhi-led National Advisory Council stood its ground on Wednesday and gave the go-ahead to an expansive Food Security Bill. Not relenting to the position the Prime Minister's Office and the Planning Commission had taken against a bill that could lead to a surge in subsidy, the NAC finalized the draft along the lines of the framework it had made public earlier. The government was expected to table its...
More »price rise sharper in rural India, shows data
-IANS The problem of inflation has worsened across India but the price rise has been sharper in rural areas than urban, official data showed Monday. The consumer price index for rural areas jumped by 9 percent in May, while that for urban areas rose by 5 percent, according to data released by the Central Statistics Office. In a bid to monitor price movements in the different parts of the country, the statistics...
More »Retail inflation up for both farm and rural labourers
-The Business Standard Retail price inflation for agricultural and rural labourers rose to 9.63 per cent in May, from 9.11 per cent the previous month, mainly because of a rise in the prices of food, fuel and clothing. Wholesale price inflation for May rose to 9.06 per cent from 8.66 per cent a month earlier and was one of the factors for the Reserve Bank of India to raise the repo...
More »The New Geopolitics of Food by Lester R Brown
From the Middle East to Madagascar, high prices are spawning land grabs and ousting dictators. Welcome to the 21st-century food wars. In the United States, when world wheat prices rise by 75 percent, as they have over the last year, it means the difference between a $2 loaf of bread and a loaf costing maybe $2.10. If, however, you live in New Delhi, those skyrocketing costs really matter: A doubling in...
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