Monsoon rains, which have entered the key soybean-growing areas, are likely to be weak in the next three days, weather officials said on Monday. But industry officials said sowing of soybean, the main summer-planted oilseed, would not be hit due to good soil moisture after recent pre-monsoon showers in the region. Weather officials said rains are likely to gather momentum from 25 June. “We expect monsoon flow to strengthen over central India from...

While it may appear paradoxical that at a time when the government is fighting inflationary pressures, it has chosen to hike the minimum support price (MSP) for foodgrains, the reality is that prevailing market prices for almost all foodgrains, oilseeds and cereals are way above even these newly announced prices. Therefore, despite the substantial hike in MSP for kharif crops, especially for pulses, the impact on both market and farmers’...

Never mind the Kirit Parikh committee's proposal for a 20% reduction in pan-India allocation of subsidised kerosene to stem oil companies' under-recoveries, the UPA government might do just the opposite. It is mulling not only the retention of the commodity—used by a vast segment of rural India for lighting—in the targeted public distribution system (TPDS) but also introduction of another item: Edible oil. Even as she is about to take over...

The June 1 announcement by Prime Minister Manmohan Singh, while releasing the Report Card for the first year of the second term of the United Progressive Alliance Government, that the Food Security Bill was under preparation and that the Bill would be placed in the public domain for scrutiny and wider consultation has raised hopes about early enactment of the law to ensure the people's right to food as part...

India's anxiety over erratic monsoon rains will become more acute as rising incomes and a growing population push up demand for farmed produce faster than supply, turning the nation into a major importer within 5 years. Forecasts of a normal monsoon this year have stirred hopes for smooth supplies and low inflation, reversing setbacks from last year's poor rains. But the country must boost yields if it is to feed...