-Reuters ROME: Food prices are set to remain high and volatility in food markets could increase in coming months, a senior economist at the U.N.'s Food and Agriculture Organisation told Reuters on Thursday. "Prices are sustained. It is highly unlikely we will see a normalisation of prices anytime soon," said Abdolreza Abbassian, senior economist at FAO. "Volatility is not going to go away, if anything it may even intensify further in coming months,"...
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CCEA to consider tomorrow sale of pulses and cooking oil via PDS
-PTI NEW DELHI: To protect BPL families from price shocks due to supply constraints, Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a proposal to relaunch a scheme to supply imported pulses at a highly subsidised rate for next six months. The CCEA may also take up a proposal to extend a scheme for distribution of imported edible oils at subsided rate to BPL families for one more year...
More »Govt defers call on hiking sugar price
-The Times of India Keeping the festive season in mind, the Manmohan Singh government, which is on a reforms-fiscal correction mode, hit the pause button on Monday, deferring a decision on scrapping subsidy on levy sugar under the public distribution system (PDS) quota. Removing the subsidy would have meant a steep hike in the price of the commodity to Rs 23 per kg from Rs 13.50/kg. The relief is expected to last...
More »Foodgrain output projected to decline by 10 per cent: Pawar
-PTI India's foodgrains production is projected to decline by 10 per cent in the kharif season of this year at 117.18 million tonnes due to deficient monsoon and drought in some states. However, the government expects to make up for the decline in output during the Rabi season (winter sown crop). Foodgrain output stood at 129.94 million tonnes (MT)in last year's Kharif season. The production of rice - a major Kharif crop -...
More »Drought to hit coarse cereals, pulses, oilseeds output: Pawar
-The Business Standard Despite a marked improvement in the southwest monsoon, Agriculture Minister Sharad Pawar on Wednesday said production of coarse cereals, pulses, oilseeds and rice, to some extent, would be less than last year. For sugar, the cane area is more. But, Pawar said, some drop in production can be expected as farmers in Karnataka and Maharashtra have diverted a sizeable portion of standing crop towards fodder. Announcing the second relief package...
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