-Reuters Monsoon rains were 36 percent below average in the week to June 6, the weather office said on Thursday, reflecting the delay in the arrival of the seasonal rains over south India from the usual June 1 start date. The four-month long rainy season is in the initial stages and Crops are not greatly affected by the quantity of rains now, with distribution of rainfall in mid-July after the monsoon covers...

-Reuters World food prices dropped in May for a second month in a row, hit by steep falls in dairy products, sugar and other commodities, and are likely to fall further in the coming months, the United Nations' Food and Agriculture Organisation (FAO) said on Thursday. Food prices grabbed attention of the world leaders after their spike to record highs in February 2011 helped fuel the protests known as the Arab Spring...

Parts of Kerala have been receiving rains since this morning. Weather watchers attribute the slight delay in the onset of monsoon to Typhoon Mawar which was active in a western Pacific Ocean off the Philippines South-west monsoon, the key to the agriculture driven trillion-dollar Indian economy, is on course and is expected to drench Kerala by Wednesday thereby bringing much-needed relief to farmers, reports PTI. “Monsoon is round the corner. Parts of...

A delay in the onset of monsoon by 3-4 days over the Kerala coast won’t jeopardise India’s farm prospects in the crop year starting June 1 as sowing usually picks up with the arrival of the seasonal showers, according to outgoing agriculture secretary P K Basu. In an interview, Basu told FE that the rainfall in June, however, holds the key. ‘‘If there are scanty showers in June, sowing may be...

-The Business Standard MSP for forest produce may not work The government’s proposal to set up a minimum support price (MSP) commission to fix assured prices for minor forest produce has pros as well as cons, which need to be weighed carefully before a final call is taken. The proposal envisages the forest MSP panel as having its own elaborate establishment, allowing it to set minimum prices for non-timber forest produce while...