-Outlook India's foodgrain production is projected to increase marginally in the kharif (summer) season this year to 129.32 million tonnes after more than half the country received normal monsoon rains. "Total foodgrain production in the kharif season of the 2013-14 crop year is definitely expected to be higher than last year's level at 129.32 million tonnes," Agriculture Minister Sharad Pawar told PTI. Foodgrain output stood at 128.2 million tonnes in last year's kharif...
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India gets 11% surplus rainfall so far this season -Vishwas Kothari
-The Times of India PUNE: The surplus rainfall recorded by the country so far this season has come down to 11% above normal, as on Friday, from the 17% above normal recorded by end-July. The India Meteorological Department (IMD) has attributed the reduced rainfall activity to factors like a continuing absence of an offshore trough along the west coast and a weak monsoon current. "There has been rainfall in most parts of...
More »Women take over fields abandoned by men -S Poorvaja
-The Hindu MADURAI: Muthumari's day starts at 4 a.m. She milks her cows in the cowshed behind the house and keeps cans of milk ready to be collected by a pickup van from a private dairy company. Then she turns to her household chores and sends her children off to school. Packing the day's food for herself, she proceeds towards the fields in her village at Udayanpatti. She is not just a...
More »GET READY FOR HIGHER FOOD PRICES
The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
More »Wholesale price inflation likely edged up to 5 per cent in July
-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...
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