-The Economic Times The government may ban wheat exports by private traders under open general licence despite having enough stocks to feed the country for two years due to concerns about high global prices and the drought-like situation back home that has triggered a 20% rise in wheat futures in a month. "There are chances that private traders may divert all the available wheat in the market -- released at subsidised rates...
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US politicians must regulate finance to tackle the drought and food-price crisis-Raj Patel
-The Guardian US leaders worked hard to tackle the 1930s drought and food crisis. Today they are supine, offering the hungry only prayers If you're wondering whether the US drought will create a global food crisis, the answer's easy. It's yes, because there's a food crisis already. The latest year for which we have figures is 2010, when 925 million people were declared malnourished. Soon after the number was announced, the World...
More »Switch from farm subsidy to farm investment-Ashok Gulati
-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
More »Waiting for rain-PK Joshi
-The Indian Express As drought pushes up food prices, India must invest in new irrigation methods The speculation on the delay of the monsoons and below-normal rainfall this year is not new to India. But the drought in the maize belt of the United States — that is, in the Midwest — was unexpected. The impact of the drought will be felt on wheat and soya bean production. This will eventually lead...
More »CPI(M) for revision of Food Security Bill
-PTI CPI(M) today said it is opposed to the Food Security Bill in its current form and the government should bring a new and a revised legislation in the monsoon session of Parliament. Launching a five-day nationwide agitation by Left parties against the current Food Security Bill here, CPI(M) general secretary Prakash Karat said, "The Bill, in its present form, excludes majority of poor people from its bracket and is totally flawed....
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