-The Economic Times   As the government twiddles its thumbs on allowing export of surplus grains , wheat prices have plunged below not just the government's promised minimum support price but also the price of maize. This has prompted poultry feed manufacturers to substitute wheat for maize in their produce. So chicken will eat wheat this year. As prices stay depressed, farmers will switch from wheat to some other crop or just simply...

Good politics and good economics can make compatible bedfellows, if the timing is right. Food, its producers and consumers, are now the Centre's most potent political and economic battleground. Politically speaking, this could be the best time for the UPA to reclaim its dog-eared pro-people credentials through the Bill. The Right to Food Bill has triggered many apprehensions, including fears of a higher subsidy burden, an adverse impact on private...

Import duty on raw silk has been cut from 30 to 5 per cent The mood is grim at the Government Cocoon Market in Ramanagaram. The auction of silk cocoons is on; however, no silk reeler is willing to pay more than Rs. 110 for a kg. At this rate, the loss incurred by each farmer is a heartbreaking Rs. 60 a kg. Double whammy The loss is greater and the risk more...

India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...

Media, especially the electronic one, has found a special mention in Planning Commission deputy chairman Montek Singh Ahluwalia's views on the 12th five-year Plan. But, his feedback hasn't been all that flattering. The electronic media has been hauled up for 'disproportionately' showing widening disparities between the rich and the poor. "The perception of concentration of wealth and widening disparities is sharpened by the tendency of the media, including especially the...