If dal roti went out of reach for the aam admi in 2009, vegetables and onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...
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Panel for lower interest on farm loans by Gargi Parsai
A working group on agriculture constituted by Prime Minister Manmohan Singh has suggested that the government provide farm loans to farmers at four per cent interest rate, raise the minimum support price (MSP) for farm produce to 50 per cent higher than the actual cost of cultivation and expand diesel subsidy scheme across the country.The Working Group on Agriculture Production headed by Haryana Chief Minister Bhupinder Singh Hooda submitted its...
More »Nod likely for export of basmati rice from State
Union Minister for Agriculture Sharad Pawar has assured a delegation of Consortium of Indian Farmers' Association (CIFA) from the State on Thursday that a meeting of the Cabinet Sub-Committee on Economic Affairs slated for December 7 is likely to permit export of non-basmati fine rice from Andhra Pradesh and Tamil Nadu. In a statement issued here on Friday, K. Somasekhar Rao of CIFA stated that Mr. Pawar had also told them...
More »"Perfect Storm" Spurred 2007-08 Food Crisis, Study Says by Matthew O Berger
Rising food prices have not yet reached crisis levels but they are expected to remain very volatile for about the next decade, researchers said Thursday. The conclusions were based on a new study of the factors that contributed to the 2007-08 food crisis, which researchers hope will shed light on what actions might be taken to avoid food crises in the future. "There were many suspects for what caused the crisis, but...
More »Rice output to rise 12%: FAO by Dilip Kumar Jha
India’s rice output is likely to rise 12.36 per cent this year, on favourable pattern of monsoon and higher acreage area, according to the United Nations’ Food and Agriculture Organisation’s (FAO’s) latest food review forecast released yesterday. The agency estimated India’s total milled rice output at 100 million tonnes (mt) this year, as against 89 mt the previous year. Global rice production is estimated to reach 467 mt, compared with 472...
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