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...
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Population, incomes tilt India towards food imports
India's anxiety over erratic monsoon rains will become more acute as rising incomes and a growing population push up demand for farmed produce faster than supply, turning the nation into a major importer within 5 years. Forecasts of a normal monsoon this year have stirred hopes for smooth supplies and low inflation, reversing setbacks from last year's poor rains. But the country must boost yields if it is to feed...
More »PM announces Rs 25,000 cr for new agri projects
Prime Minister Manmohan Singh on 29 May announced a Rs25,000 crore ($6 billion) plan for new farm sector projects by states, besides launching a food security mission to enhance output of wheat, rice and pulses. Speaking at the 53rd meeting of the National Development Council, he also warned that small and marginal farming had become an unviable proposition and until farming was made viable at this scale, it would be virtually...
More »Food inflation rises to 16.55%
Food inflation rose to 16.55% for the week ended May 22 on account of high prices of pulses, fruits and vegetables. Inflation increased by 0.32 percentage point from 16.23% in the previous week. The uptick was mainly due to a 7% increase in fish marine prices, 5% rise in prices of poultry chicken, 2% in prices of barley and masur each and one% increase in prices for fruits and vegetables....
More »Farm sector records lowest growth in 5 yrs at 0.2%
The country's agriculture sector recorded the lowest growth in five years, at 0.2 per cent, in fiscal year 2009-10 due to widespread drought. Agriculture and its allied sectors had grown at 1.6 per cent in 2008-09. However, dismal as the farm sector's growth seemed to be, it was not as low as expectations set for the fiscal. It had grown by 0.2 per cent, though the earlier estimation -- arrived...
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