-The United Nations   The prices of grain and milk in the drought-hit Djibouti, Ethiopia, Kenya and Somalia have risen to record highs, exacerbating hardship for the estimated 12.4 million people in the region who are facing severe food shortages and famine in some parts of Somalia, the United Nations reported today. According to the August food price monitor of the UN Food and Agriculture Organization (FAO), the high prices of cereals...

-Reuters   India's monsoon rains revived in rice, oilseeds, lentils and cereals growing areas over the past week, weather office sources said on Thursday, snapping a two-week long lull and improving output prospects for the summer sown crops. Last year, rainfall was 26 percent below normal in the week to Aug 11 after a weak start, but it picked up during the four-month season and ended normal. It is expected that this year's rains...

The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...

The Seed Bill 2010 -- which stayed in controversy because its initial draft seemed to favour agri-business rather than the farmer -- is now ready to get debated and passed in the current session of Parliament. Despite consultations, first in a Parliamentary Standing Committee and later in an all party meeting, a large number of farmers’ unions, opposition parties and civil society groups believe that the Bill fails to protect...

Sharp differences persist in the government over whether and how much of an impact the impending food law is likely to have on open market food prices. At a time when input costs for farmers have already gone up significantly and threaten volatility in food prices, the food ministry has dismissed apprehensions voiced by Commission for Agricultural Costs and Prices ( CACP) chairman Ashok Gulati on the issue. Last week,...