-The Business Standard Govt policy is warping farm output mix The crop output estimates for 2011-12 put out by Krishi Bhawan last week – even while projecting a record foodgrain output that would cross the 250 million-tonne mark for the first time – reveal some worrisome inter-commodity imbalances as well. The harvests of wheat and rice – both of which are facing the prospect of a glut with the official grain coffers...

Maharashtra teeters on the brink while Karnataka and Andhra Pradesh, two key states contributing significantly to grain production, have already declared a drought, potentially exacerbating agrarian distress and adversely impacting food prices. Supply of pulses, sugarcane, oilseeds, soyabean and coarse grain such as bajra and jowar, is likely to be hit, with production in the rabi season, or the winter harvest, set to decline between 25% and more than 40%, compared...

Jharkhand has produced more rice than it needs this season, thanks to the monsoon bounty after three consecutive years of drought, enabling the state to set up procurement centres in all 24 districts for the first time. Till now dependent on Chhattisgarh, Bihar and Madhya Pradesh for its annual requirement of around 20 lakh tonne of par boiled, or usna, rice, Jharkhand is likely to log a bumper harvest of 35-37...

-PTI   Monsoon on Wednesday continued to wreak havoc as heavy rains triggered floods, landslides and claimed at least twelve lives in northern and eastern India. Eight persons were killed in Uttar Pradesh, two each in West Bengal and Meghalaya, official reports said. Heavy downpours left eight persons dead in Uttar Pradesh where major rivers are on the verge of flooding hundreds of villages. The release of flood waters from Nepal has worsened the situation...

-The Business Standard   Amid the ongoing debate in Parliament on inflation and the government’s inability to tame it, food inflation, which had seen a dip in the past two weeks, increased to 8.04 per cent for the week ended July 23. In the previous week, food inflation had fallen to a 29-month low at 7.33 per cent. All major items in the food basket recorded a rise in prices, from vegetables...