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...

The legacy of Industrial Agriculture With the world population passing the 6 billion mark last October, the debate over our ability to sustain a fast growing population is heating up. Biotechnology advocates in particular are becoming very vocal in their claim that there is no alternative to using genetically modified crops in agriculture if "we want to feed the world". Actually, that quote might be true. It depends what they mean...

India’s monsoon rains were about 3% above normal in July, the highest for the month since 2005, making a repeat of last year’s crop failure and food-led inflation surge unlikely. Heavy rain since the third week of July has brought readings above normal for the first time this monsoon season, according to weather office data, wiping out the seasonal shortfall in almost all major grain areas other than in the east...

Proposal to set up mega food park in each State Three boards to be set up to promote processing of fisheries, Soybean and guar gum Food processing industry accounts for 14 per cent of the total industrial output The Food Processing Ministry will give priority to farmers, self-help groups and women for providing grant-in-aid in setting up food processing enterprises. It has also identified Bihar, Orissa, Madhya Pradesh, Chhattisgarh and Jammu and Kashmir...

India’s vital monsoon rains revived in the Soybean-growing central region on Thursday, after a two-week lag that reduced June rainfall to 16% below normal, the second lowest in 15 years. Heavy showers in the central Madhya Pradesh state would accelerate Soybean planting in the world’s top importer of edible oils and ease growing nervousness about monsoon rains. The weather office reaffirmed its prediction of a normal monsoon this year, in line with...