Ram Prasad Ghosal, a potato farmer from Bamunpara (Dist Burdwan) in West Bengal, owns 10 acres of land. Just two months earlier, though, his ilk faced a major scare. The region witnessed a bumper potato crop of 9.5 million tonnes — 73 per cent higher than last year’s production. Wholesale prices in Kolkata crashed to Rs 300 a quintal. Retail prices, too, dropped to Rs 6-8 a kg. Farmers were...

World cereals output is expected to rise this year to near-record highs, swelling overall supplies and putting pressure on already weakened prices, the UN’s food agency said on Thursday. The global wheat output is forecast to fall for the third consecutive year, but at 676.5 million tonnes it would still be close to 2008 record levels, the Food and Agriculture Organization (FAO) said, raising its earlier forecast for 2010. Overall cereals output...

World cereal output is expected to rise this year to near-record highs, swelling overall supplies and putting pressure on already weakened prices, the Food and Agriculture Organisation (FAO) said on Thursday. The global wheat output is expected to fall for the third consecutive year, but at 676.5 million tonnes, it would still be close to record levels, the UN’s food agency said, revising its earlier forecast for 2010. Overall cereal output is...

Prime Minister Manmohan Singh on Tuesday singled out resilience of the Indian economy in times of global meltdown as a signature achievement of UPA II's first year in office, and pushed for "new frontiers" in implementing the social inclusion agenda, including food security act and education for all. In a spirit of introspection, Manmohan Singh, however, admitted that soaring prices of basic commodities remained a source of concern and stressed that...

Projecting an 8.5 per cent economic growth for the current fiscal, Prime Minister Manmohan Singh on Monday conceded that rising prices had brought distress to the common man, but exuded confidence that the “corrective” efforts of the Centre and the States would bring down inflation to about five or six per cent by the end of December this year. At a press conference here to mark the completion of the UPA-II...