India’s rice output is likely to rise 12.36 per cent this year, on favourable pattern of monsoon and higher acreage area, according to the United Nations’ Food and Agriculture Organisation’s (FAO’s) latest food review forecast released yesterday. The agency estimated India’s total milled rice output at 100 million tonnes (mt) this year, as against 89 mt the previous year. Global rice production is estimated to reach 467 mt, compared with 472...
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FAO warns of further increase in global food prices by Gargi Parsai
Stability in markets will be determined by size of next year's crop The Food and Agriculture Organisation (FAO) has warned about a further increase in global food prices in 2011 if there is no significant increase in production of major food Crops. In the latest edition of its “Food Outlook” report, the agency observed that the rise in global prices, all of which was accruing in the second half of 2010, owing...
More »Centre keen on cotton exports despite industry protests
Despite an outcry from the garment exporters , the government is keen on allowing excess cotton to be exported from the country before the US cotton hits the international market in January and brings prices down. The inter-ministerial committee on cotton will meet end of the month to look at fresh production figures and will take a call on whether the present export cap of 55 lakh should be lifted. “We just...
More »Global food prices may be even higher next year, warns new UN report
Global food import bills may pass the $1 trillion mark in 2010, a level not seen since food prices peaked in 2008, says a new United Nations report, which warns that harder times could be ahead without a major increase in food production next year. According to the latest edition of the Food Outlook report, released by the UN Food and Agriculture Organization (FAO), food import bills for the world's poorest...
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...
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