-The Hindu Business Line Edible oil, sugar prices drop sharply as rainfall deficit shrinks to 19% Mumbai: With the monsoon deficit shrinking and the Government keen to crack down on hoarders, prices of most essential commodities such as edible oil, sugar and wheat are showing signs of softening in the wholesale market. After a lacklustre start, the South-West monsoon has recovered since mid-July. The rainfall deficit has shrunk to 19 per cent currently.....

-The Times of India NEW DELHI: India's domestic compulsions and the danger of breaching the subsidy cap for wheat and rice forced the government to thwart attempts by other World Trade Organization members to push through a new set of customs rules without addressing its concerns. The subsidy data, due to be released by the government over the next few weeks, will reveal that the subsidy on rice was over 9% of...

-Reuters NEW DELHI: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to seize a historic chance to build a rural power base with his defence of farm subsidies and to banish memories...

-Reuters NEW DELHI: India's reservoirs are depleting fast and monsoon rains need to pick up now if they are to have enough water to prevent a drop in output of major winter crops such as wheat and rapeseed that are sown from October, a senior government official said. Rains were 15 per cent below average in the week to July 16, an improvement from the previous week's shortfall of 41 per cent...

-The Hindu Business Line The primary mandate of the Food Corporation of India (FCI) acting under directions of Food Ministry is to service requirements of the public distribution system (PDS) in association with State Government Agencies (SGAs). But over the years, FCI has also been called upon to intervene in managing market prices, albeit with little success. FCI efficiently procures wheat, paddy/milled rice but faces odds while selling surplus grains in the...