-The Business Standard India remained firm on its stance as World Trade Organization (WTO) negotiations reached the third day in Bali. As Commerce and Industry Minister Anand Sharma ruled out any possibility of a compromise, whispers were already being heard of a possible collapse of the talks. Edited excerpts from the minister's press conference, which invited admiration as well as sharp criticism: * India has exceeded the de minimis requirements of the...
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Grain glut -Jyotika Sood
-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...
More »Global food prices rise in October after falling for 5 months
-PTI NEW DELHI: Global food prices increased in October after declining for last five months, according to the the UN body Food and Agriculture Organisation (FAO). Last month's small rise in prices was largely driven by a surge in sugar prices, although prices of the other commodity groups were also up, it said in a statement. The FAO price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat...
More »Food prices expected to be less volatile than in recent years, says UN agency
-The United Nations Improved supplies and a recovery in global inventories of cereals has led to less price volatility than in recent years, the United Nations Food and Agriculture Organization (FAO) said today, adding that food prices over the past month rose slightly, driven by higher sugar prices. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in...
More »FAO expects more balanced food markets, less price volatility
-FAO Rome: Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published today. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in the current season, we will have more abundant supplies, more export...
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