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The 2007-08 Rice Price Crisis (FAO)

After increasing slowly and steadily from historic lows, world rice prices tripled in just six months during 2007-08. The price surge caused much anxiety because so many of the world’s poor are rice consumers. And it caught many by surprise as market fundamentals were sound. Indeed, it was government policies, rather than changes in the production and consumption of rice, that drove the surge. This suggests that improved government policies...

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Kind to cash by Richard Mahapatra

The government has a plan to reach welfare to the poor without wasting money. It wants to put hard cash in their hands instead of spending on welfare programmes. To begin with, it wants to end the public distribution system of food grain and give money directly to the people. Its logic: the new system of cash transfer will plug leakages and save an enormous amount of money. But is it...

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Rampant Speculation Inflated Food Price Bubble by Stephen Leahy

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

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New age of intervention in food prices by Rowena Mason

In India, people are upset about onions. Expensive cooking oil is causing hoarding in China, a practice banned by the government. Meanwhile, flour and bread are the main source of riots in Algeria and now Jordan. Worries over food prices are gathering pace and triggering alarm among politicians across the world. For there is nothing more likely to bring down a government than ignoring starving citizens, as Marie Antoinette found to...

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Tardy progress by TK Rajalakshmi

The Protection of Women from Domestic Violence Act has in its four years faced many challenges in implementation, says a monitoring report. FIVE years ago, Parliament enacted a significant piece of legislation relating to women. The Protection of Women from Domestic Violence Act (PWDVA), 2005, designed as a civil law, came into effect a year later, in October 2006. The fundamental feature of the Act was that it empowered magistrates...

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