In early April, the government was sitting on a pile of 44 mt of wheat and rice, more than double of what is required for maintaining the buffer stock Every three or four years, India witnesses a boom-and-bust cycle in agriculture. In the trough, prices hot up and imports of foodgrains become necessary. At the crest, all that is forgotten, there is talk of exports and life moves on. Any thought...

Prime minister Manmohan Singh has enlisted the Planning Commission's support to reconcile varying views on the proposed food security legislation . Singh has asked the commission to suggest the best possible framework for the Food Security Act after several members of the Sonia Gandhi-led National Advisory Council (NAC) objected to the suggestion of a government panel to restrict coverage of the ambitious scheme. The proposed legislation seeks to provide legal guarantee of...

The government on Tuesday approved a short-term loan of Rs 5,000 crore for Food Corporation of India (FCI), which will help the organisation meet its working capital requirements this fiscal. The proposal was cleared in the meeting of the Cabinet Committee on Economic Affairs (CCEA) held here. "The CCEA today approved a short-term loan of Rs 5,000 crore to the FCI for 2010-11," an official statement said. FCI, the nodal agency for...

With buffer stocks ahead of harvest being twice the norm, limiting wheat procurement in the coming season is a judicious option. It is time for a thorough overhaul of the Foodgrains procurement and buffer stocking policy. With the rabi season harvest of grains — mainly wheat, followed by paddy — just days away, a major challenge will be finding appropriate storage space. As of March 1, the Food Corporation of India...

With an aim to introduce the much-awaited Food Security Bill in the monsoon session (July-August) of Parliament, the food ministry has started parleys to bridge the gap between an expert panel appointed by the Prime Minister and the National Advisory Council (NAC). While it wants to ensure smooth supply of foodgrains to the target groups, the ministry, in an interaction with NAC on Wednesday, made it clear that it is equally...