Global food prices increased for the eighth consecutive month in February, with prices of all commodity groups monitored rising again, except for sugar, FAO said today. FAO expects a tightening of the global cereal supply and demand balance in 2010/11. In the face of a growing demand and a decline in world cereal production in 2010, global cereal stocks this year are expected to fall sharply because of a decline in...

Global food prices rose for the eighth straight month in February, the United Nations Food and Agriculture Organization (FAO) reported today, while also warning that unexpected spikes in oil prices could exacerbate an already precarious situation in food markets. The FAO Food Price Index – a measure of basic food prices at the international level – averaged 236 points in February, up 2.2 per cent from January, the highest record in...

Record high food prices are putting added pressure on the United Nations agency that helps feed nearly 100 million of the world’s poorest people, with officials warning of a potential “perfect storm” combination of soaring costs, weather emergencies and political instability. “We are on red alert and we are continually assessing needs and reassessing plans and stand ready to assist,” UN World Food Programme (WFP) Executive Director Josette Sheeran told the...

They want State Government to exempt their farm produce from duty A group of Punjab-based farmers on Monday said they are going to grow pulses and oilseeds on 5,000 hectares of land in Ethiopia and import their farm produce to India. “We will start cultivating 5,000 hectares of land in Ethiopia from September this year and plan to cultivate pulses, oilseeds, sugarcane and maize which are always in short supply (in India),”...

After feeding the country, the enterprising farmers of Punjab now want to try their hands in Ethiopia. The progressive farmers, mainly members of Poscon (Confederation of Potato Seed Farmers), are planning to take 2,000-5,000 hectares farmland on lease in Ethiopia for growing cash crops like oilseeds, pulses, sugarcane and maize. The delegation of the progressive farmers has twice visited Ethiopia on the invitation of Ethiopian government. Speaking to Business Standard, Poscon...