Current production and stocks are adequate to cover the demand The global cereal production for 2010-11 is expected to be 2,239 million tonnes compared to 2, 261 million tonnes recorded in 2009-10, about 1 per cent lower than last year. Reduced output of wheat in the CIS (Commonwealth of Independent States) countries due to drought, as well as smaller crops in the European Union and North Africa, account for the decline. Even...
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Food prices biggest concern for Indians, says survey
With a double-digit food inflation, the increasing food prices will be the biggest concern for Indians over the next six months, a survey released here said Monday. According to the Nielsen Global Consumer Confidence Index , China tops the countries concerned over increasing food prices with 36 percent of consumers in China voting it as the biggest concern over the next six months. India is fifth on the list of countries where...
More »Food Security Sans PDS: Universalization Through Targeting? by Smita Gupta
The case of the Food Security Bill gets curiouser and curiouser. What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...
More »Sugar output estimate raised to 24.5 mt
The government on Wednesday hiked the sugar production estimate for the 2010-11 marketing year (October-September) to 24.5 million tonnes (mt) from 23 mt earlier. "This will be the best year in terms of sugar production and productivity... The production this year will be in the range of 24-24.5 million tonnes," food, PDS and civil supplies minister Sharad Pawar said. The current government estimate is virtually on par with that of the...
More »All is not well on the global food front
Reports of a possible global food crisis could not have come at a worse time for India. Food inflation is still over 16% and though plentiful rains this year hold out the promise of one of our best agricultural years ever , last week’s warning by the US administration of ‘dramatically’ lower supplies of corn, rice and wheat could force the RBI to tighten more than otherwise warranted in order...
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