To meet the rising demand of storage space for food grains, especially during procurement seasons, the Food Corporation of India (FCI) and other agencies have invited tenders for 70 lakh metric tonnes of storage capacity. Principal Secretary to the Punjab Chief Minister Darbara Singh Guru, who was here to take stock of the arrangements of paddy procurement at the grain markets in border districts, said this on Tuesday. Talking to the...

Reports of a possible global food crisis could not have come at a worse time for India. Food inflation is still over 16% and though plentiful rains this year hold out the promise of one of our best agricultural years ever , last week’s warning by the US administration of ‘dramatically’ lower supplies of corn, rice and wheat could force the RBI to tighten more than otherwise warranted in order...

It favours companies voluntarily labelling products as not containing GMOs Monsanto not looking beyond Bt corn Controls on seed pricing opposed Monsanto, the biotechnology major, holds the view that mandatory labelling of products made from genetically modified organisms (GMOs) in India would make no sense. It favours options such as companies voluntarily labelling products as not containing GMOs, and individuals making a personal decision not to consume food containing GM ingredients. During an interview...

Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....

Ample monsoon rains and higher prices of farm goods are likely to lift Indian fertiliser demand in 2010/11 by 13 percent to a record 60 million tonnes, testing local fertiliser makers' ability to raise output in sync with the demand, industry officials said. India's June-Sept monsoon rains, a key factor in determining food grain production and fertiliser demand in the country, were 2 percent above normal in the current year, weather office data showed....