Output of major crops, including sugar, will be better or equal to 2008-09’s production figures, but food prices are unlikely to return to that year’s levels. Food inflation may have permanently changed to stay on the higher side, economists have said. For a UPA government battling high prices, this could be a gloomy piece of news. A surplus monsoon has boosted acreages of all crops, according to food ministry figures. Output of...
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1 in 2 under-5 Indian kids malnourished: Study by Gokul Chandrasekar
Around a quarter of the world’s population who are deprived of food live in India and 43 per cent of all children in the country under the age of five are malnourished, claims a recent report published by an international non-profit organisation. While India’s per capita income tripled between 1990 and 2005, the number of hungry people also increased by 53 million, bringing the total numbers of chronically hungry people in...
More »Food ministry asks FMC to extend ban on sugar futures by Anindita Dey
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...
More »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,...
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