Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...
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Price Spikes Raise Spectre of Another Food Crisis by Matthew O Berger
While global food prices declined for the first half of this year, they have spiked in recent months, according to a new World Bank publication, and this volatility could in turn push up the local food prices of the world's poorest and most malnourished countries. The Bank's grain price index had declined by 16 percent over the first six months of 2010 before rising that same amount between mid-June and August....
More »Number of hungry people in the world drops for the first time in 15 years: FAO by Amulya Nagaraj
The number of hungry people in the world dropped about 10 percent for the first time in 15 years to below 1 billion but the figure is still "unacceptable," the UN Food and Agriculture Organization (FAO) said in a report. According to a report titled "The State of Food Insecurity in the World," which will be jointly published by FAO and World Food Program (WFP) in October, about 925 million people...
More »Govt expects record wheat crop
The central government said on Friday it expects this year’s wheat output to total a record 82 million tonnes as the country grapples with a grain storage problem. India produced a record 80.71 million tonnes of wheat in the 2009-10 crop year, which runs from July to June, despite the worst drought in nearly four decades. “If there is no terminal heat this year, output is expected to be 82 million tonnes,”...
More »Read the signals
Unfortunate though it may seem, many Indians only identify with Ladakh because of the popularity of Three Idiots and the progressive school there which Aamir Khan has now gone to assist. We tend to forget that it is part of Jammu and Kashmir because the unrest in the valley obscures everything else. Ladakh is often described as a cold desert, with scanty rainfall, which is why Leh and its environs were...
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