-The Economic Times   As the government twiddles its thumbs on allowing export of surplus grains , wheat prices have plunged below not just the government's promised minimum support price but also the price of maize. This has prompted poultry feed manufacturers to substitute wheat for maize in their produce. So chicken will eat wheat this year. As prices stay depressed, farmers will switch from wheat to some other crop or just simply...

The draft Food Security Bill makes it compulsory for state governments to pay a food security allowance to targeted sections in case of failure to supply foodgrain through a sweeping welfare scheme targeted at nearly three-fourths of the population. The amount will be decided by the central government. The draft bill also presses for a radical overhaul of the food distribution system by giving incentives to independent agencies that procure...

-The Business Standard   India's 68% population may get legal right to subsidised food if the draft National Food Security bill prepared by the Food Ministry is approved by a panel of ministers at the forthcoming meeting. After analysing the recommendations of the National Advisory Committee (NAC) and Rangarajan Committee, the Food Ministry has prepared a draft bill, likely to be placed before the Empowered Group of Ministers (EGoM) on food next...

-The Economic Times   A repeat of the 2008 rice crisis that led to riots in the developing world cannot be ruled out as the cost of other agricultural goods surge, a research group has warned. The International Rice Research Institute said the global rice market was delicately balanced as the grain had managed to avoid huge price rises thanks to stable weather in rice growing regions. The cost of wheat surged 121...

India has large wheat stocks already yet policy dictates they increase. In states like Punjab, Haryana, UP and Gujarat prices have fallen and are below the minimum support prices. This is a policy-induced outcome. A safe game in grains is fine, given the global politics of grain trade and the great ability of Indian politics to subsidise the wrong man in the vote bank — but how safe is safe? The...