-FAO Rome: Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published today. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in the current season, we will have more abundant supplies, more export...
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Cash-strapped cane farmers sell cheap in UP-Virendra Singh Rawat
-The Business Standard Panic selling to 'kolhu' (jaggery) units at Rs 160-250 a quintal in western parts of state Lucknow: With uncertainty looming large over sugarcane crushing in Uttar Pradesh (UP), farmers have resorted to selling the cash crop to kolhu (jaggery) units at Rs 160-250 a quintal in western parts of the state. Farmers in Muzaffarnagar, Shamli, Baghpat, Meerut and Bijnor have been queuing at kolhus, which make cash payment. There are...
More »Government expects bumper crop this year on good monsoon
-PTI NEW DELHI: India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said today. He also said that the agriculture credit has grown by 12.1 per cent during April-August period of this fiscal. "On agriculture, we estimate this would be a very good year. The...
More »Food Ministry for cut in wheat export floor price to $260/tonne
-PTI NEW DELHI: The Food Ministry has moved a Cabinet note proposing a reduction in the floor price of wheat by USD 40 at USD 260 a tonne to make exports viable and clear surplus stocks. The revision in reserve price has been proposed as global buyers quoted USD 260-267 a tonne for recent bids, as against the benchmark price of USD 300 a tonne set for export of two million tonnes...
More »India set for bumper winter crops in wake of monsoon rains
-Reuters NEW DELHI/MUMBAI: India looks set for bumper harvests of winter crops such as wheat, chickpeas and rapeseed in the wake of a strong monsoon that has left the soil moist and topped up reservoirs. The crops will follow bountiful summer harvests of rice and soybeans due to the rains, with New Delhi looking to boost agricultural growth to cool double-digit food inflation and revive a slowing economy as manufacturing struggles. With next...
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