Global wheat harvests may trail demand for a second year, spurring hoarding and further price gains, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN Food and Agriculture Organization, said in an interview by phone from Rome. Wheat, corn and soybeans soared to the highest levels since 2008 yesterday as a U.S. government report showed...
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US keen on taking Sewa's agri story to Africa by Niyati Rana
They have done much more than uplift their own lives. Members of the city-based Self-Employed Women's Association (Sewa), it appears, will now be playing an instrumental role in the empowerment of women farmers in Africa! It seems likely that India and the US will together replicate Sewa's agriculture model in Africa, for the betterment of the women farmers there. A discussion to this effect took place during US president Barack...
More »Obama Visit and Indian Agriculture: Profit Surge for American MNCs and Peril for Indian Farmers! by Vijoo Krishnan
A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...
More »Cotton output in India to be 26 mn bales: USDA
The US Department of Agriculture (USDA) has revised upwards the cotton production estimates for India in 2010-11 crop year by one million bales to 26 million bales, on account of higher area and expectation of better yield. “India’s 2010-11 cotton production is forecast at 26 million bales, weighing 480 pounds each, up 4 per cent from last month, and up by 2.5 million or 11 per cent from last year,” USDA...
More »Wheat prices soar as Russia suspends exports by G Chandrashekhar
Russia has announced a temporary ban on wheat exports. This is of course not entirely unanticipated. Today, soon after the Russian Prime Minister reportedly announced a temporary grain export ban, prices were seen rising further. Drought conditions have threatened Russian wheat harvest. From record 63.7 million tonnes in 2008-09, wheat production declined by two million tonnes the following year. Drought is now threatening to pull output down to around 50 mt. Russia's wheat exports...
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