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...

The food import bill of the global community could surpass the $1 trillion mark in 2010, with prices of most commodities going up sharply compared to the previous year, the Food and Agriculture Organisation has said. In the latest edition of its ‘Food Outlook’ report, the U.N. agency asked the world community to be prepared for harder times ahead unless production of major food crops increases significantly in 2011. The food import...

The Karnataka High Court on Friday upheld the State Government's ban on transport and Export of iron ore. A Division Bench comprising Chief Justice J.S. Khehar and Justice S. Abdul Nazir passed orders upholding the Government Orders of July 26, 2010, and July 28, 2010, banning transport of iron ore and its Export from ten minor ports. Thirty-two companies, including V.S. Lad and Sons, Kumaraswamy Minerals, Sesa Goa and others had challenged...

Admitting to irregularities in the Export of non-basmati rice to some African countries during UPA-I tenure, the government on Friday said it has referred the matter to the CVC after slapping show-cause notices on officials of PSUs, involved in the transactions. The action follows an internal enquiry by the Department of Commerce which found that "the Exporting public sector units did not follow the transparent procedure for selection of domestic associates...

The government will use satellite technology to assess cotton prospects for the current season and review the Export policy in the wake of rising prices of the natural fibre, a senior official said today. "When the Cotton Advisory Board (CAB) meets, it will have an assessment based on the satellite imagery and the inputs of the Ministry of Agriculture," Textiles Secretary Rita Menon said on the sidelines of a Ficci function...