Fifty-five thousand metric tonnes of food grains rotted in Punjab alone and thousands of tonnes more across the nation. The pictures of rotting grains might have shocked us, but not Adesh Pratap Singh, the Food Minister of Punjab and certainly not Union Agriculture Minister Sharad Pawar and Prime Minister Manmohan Singh. The documents accessed by CNN-IBN through an RTI revealed that this rot was expected. A copy of a letter by Punjab's...

The wheel has turned a full circle. India, which was synonymous with hunger and malnutrition in the West, is now being called upon to export from its pile of food grain to ease the shortfall in overseas markets. French Food, Agriculture & Fisheries Minister Bruno Le Maire broached the issue during a meeting with KV Thomas, India's minister of state for food and agriculture, last week. The issue is expected to be...

Blame stubborn procurement policy as the root of all evil. With the government sitting on heaps of foodgrain and with an acute shortage of quality storage facilities, analysts, some within the government, suggest exporting foodgrain and reviewing procurement policy. The suggestion is gaining ground among advisors and experts, given the current global situation, where wheat prices are on the rise on fears of subdued production in drought-hit countries like Russia, Uzbekistan and...

Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...

While global food prices declined for the first half of this year, they have spiked in recent months, according to a new World Bank publication, and this volatility could in turn push up the local food prices of the world's poorest and most malnourished countries. The Bank's grain price index had declined by 16 percent over the first six months of 2010 before rising that same amount between mid-June and August....