-The United Nations The United Nations today reported that global food prices slightly increased in September after two months of stability, and warned that despite increased cereal production in low income countries, global harvest of this commodity is expected to decrease this year. During September, the UN Food and Agriculture Organization’s (FAO) Food Price Index rose by 1.4 per cent from its level in August. The rise to 216 points from 213...
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Centre asks states to include millets in mid-day meals; move likely to ease pressure on food stocks-Urmi Goswami
-The Economic Times The Centre has asked states to introduce millets in mid-day meal schemes in schools to boost demand for the nutritious grain, but experts say the move would also ease pressure on food stocks as rice output is expected to decline this year and the food security legislation would require an additional 63 million tonnes of grain. The government expects a 9% fall in this year's output of rice,...
More »Foodgate: Massive failures of policy have dented markets for sugar and wheat
-The Economic Times While India frets about coal block allocations, massive policy failures have hit people where it hurts most: the stomach. While granaries are overflowing and sugar piling up, one would have expected the prices of sugar and flour to fall, or remain stable. Instead, since mid-July, wheat prices are up 20% across the country and flour prices have also shot up. For sugar, whose prices are up 12% from mid-July,...
More »Repeating a mistake
-The Business Standard Govt controls will raise prices of pulses and oilseeds The food and consumer affairs ministry has proposed that stockholding limits on pulses and edible oils be retained for another year beyond October. In addition, it wants these curbs extended to rice, too. This is misguided, and will cause more problems than it wants to resolve. Instead of controlling prices, as is intended, these restrictions on trade will instead...
More »The food crisis and India -CP Chandrasekhar
-The Hindu The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month,...
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