-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
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India shakes up WTO -Latha Jishnu
-Down to Earth The fracas over India's refusal to meet the deadline on trade facilitation exposes rich nations' double standards NOTHING HAS exposed the double standards at the World Trade Organisation (WTO) than the current uproar over the implementation of two agreements at the global trade policing organisation. One, termed Public Stockholding for Food Security Purposes, protects the food security concerns of millions of the poor and the livelihood of millions of...
More »Can India feed 1.7 billion people by 2050? -Cecilia Tortajada & Asit K Biswas
-The Business Standard In a country where 35 to 40 per cent of food is not consumed, the government urgently needs to reduce wastage to an acceptable level By current estimates, India's total population will be similar to China's by 2028, 1.45 billion. By 2050, India's population is expected to reach 1.7 billion, which will then be equivalent to nearly that of China and the US combined. A fundamental question then...
More »Rural votes, old traumas drive India's WTO brinkmanship
-Reuters NEW DELHI: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to seize a historic chance to build a rural power base with his defence of farm subsidies and to banish memories...
More »Food prices decline for third straight month – UN agency
-The United Nations Global food prices dip for a third consecutive month in June following a ten-month surge, the United Nations agriculture agency said today. The UN Food and Agriculture Organization's (FAO) price index- which measures monthly changes in the global price of a basket of meat, dairy, cereals, oils and fats, and sugar- averaged 206.0 points in June 2014, down 3.8 points (1.8 percent) from May and nearly 6 points (2.8...
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