Sugar, to mix one’s metaphors, is heading for a perfect storm. And this is being made because of our own policies. By the year-end, retail prices of sugar in Delhi and Mumbai may cross the Rs 40 per kg barrier — an almost 150 per cent increase in less than 15 months. And no, you can’t blame climate change or monsoon failures for this. So, what triggered the sugar crisis? In...

The Union Cabinet will consider on Thursday a proposal to give a bonus of Rs.50 per quintal on the minimum support price of kharif paddy that is being procured, following concerns about getting adequate quantity for the Central pool. It is expected that the kharif paddy output would be lower this season by 12 to 16 million tonnes owing to reduced sowing due to erratic Southwest monsoon. Against 388.26 lakh...

The country’s kharif foodgrain production is expected to decline to 98 million tonnes this year from 117.7 million tonnes produced in kharif 2008, Centre for Monitoring Indian Economy (CMIE) said here. “Decline in acreage and expected fall in yield will lead to a 16% drop in kharif foodgrain production. It is expected to fall to 98 million tonnes from 117.7 million tonnes produced in kharif 2008,” CMIE said. The kharif...

Unlike earthquakes, which can neither be predicted nor prevented, floods are both predictable and, to a large extent, preventable. The country has an elaborate, country-wide flood warning system in place, with two well-equipped central agencies — the India Meteorological Department (IMD) and the Central Water Commission — charged with this task. Despite this, the receding monsoon has caused devastating floods in Karnataka, Andhra Pradesh and Maharashtra, killing hundreds of people...

Loss in food grains estimated at 16 million tonnes  Overall Kharif output can fall by 15 per cent Call for long-term strategy to tackle vagaries of monsoon Erratic monsoon this kharif could reduce the agricultural crop growth to -2 per cent year-on-year, down from an earlier estimate of 1.4 per cent, according to a Federation of Indian Chambers of Commerce and Industry (FICCI) report released here. The report, “Drought in...