Rice, wheat production seen at highest ever, but other commodities show a decline from previous year’s harvest The government estimated a record high foodgrain crop for the 2011-12 crop year that ends in June, driven mainly by higher output of rice and wheat, but experts said prices are likely to remain firm and keep inflation at around 7%. The likelihood that the government will increase the minimum prices it guarantees farmers for...

Consumers may have to pay substantially more for pulses, oilseed, and rice in the coming months if the government accepts the recommendations of an expert panel to increase farm-gate price of these commodities by up to 30%, further stoking food inflation. The Commission on Agricultural Costs and Prices (CACP), under the ministry of agriculture, has recommended a 25% rise in the floor price of cotton, 16% rise in paddy, 30% rise...

In the mid-eighties there was a rumour which later turned out to be true: US livestock were being fed with foodgrains in order to ensure better quality of their meat. Later it proved to be corn and not fine cereals like wheat and rice. The Indian intelligentsia was appalled and indignant: How come cows and buffaloes were fed with grains while millions of people continued to live below the poverty line...

-PTI World food prices remained almost same in March from their levels in February due to stable prices in most commodities and decline in dairy prices, United Nations' Food and Agriculture Organisation said.  "World food prices in March remained virtually unchanged from their February levels," Food and Agriculture Organisation (FAO) said in a statement.  Amongst various commodity groups, only oil prices showed strength, compensating for falling dairy quotations, while the indices of cereals,...

-Reuters Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda. Food prices hit record highs in February 2011 and stoked protests connected to the Arab Spring wave of civil unrest in some north African and middle eastern countries. They then receded but started...