Asks the regulator to wait till end of festive season to prevent price speculation. The ministry of food and pubic distribution system has proposed to the Forward Markets Commission (FMC) to extend the ban on trading of sugar futures till the festive season is over. Officials said recommendations have been sent to the regulator to prevent any scope of speculation in the sugar prices at a time when prices of all commodities...
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Agri panel suggests steps to raise grain output
A task force, set up by the agriculture ministry, has recommended a slew of measures to increase India’s stagnating grain production. The panel has advised adoption of new technologies, water conservation and more efficient water management, especially in Punjab, Haryana and western Uttar Pradesh—known as ‘the food bowl of India’. The task force also suggests taking green revolution to the eastern region. It is hopeful that the measures would check...
More »The backlash begins against the world landgrab by Ambrose Evans-Pritchard
The neo-colonial rush for global farmland has gone exponential since the food scare of 2007-2008. Last week's long-delayed report by the World Bank suggests that purchases in developing countries rose to 45m hectares in 2009, a ten-fold jump from levels of the last decade. Two thirds have been in Africa, where institutions offer weak defence. As is by now well-known, sovereign wealth funds from the Mid-East, as well as state-entities from China,...
More »EGoM may revise issue price for PDS sugar by Devika Banerji & Ajay Modi
An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is likely to revise the issue price of levy sugar for the public distribution system (PDS). The group is going to meet on Thursday with a three-point agenda for discussion. The government had recently increased the price of levy sugar for mills, which is meant for PDS, to an average of Rs 17.57 per kg for the 2009-10 crop...
More »Q+A - India confronts land grabs in industry push by CJ Kuncheria
As India rapidly industrialises, the government and private firms are seeking large tracts of farm land to build factories, power plants and highways, sparking off violent protests by farmers and others. Here are some questions and answers on the issue: WHY IS LAND A BIG ISSUE? For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India's 1.2...
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