The department of food and public distribution has rejected both proposals of the National Advisory Council (NAC) to provide food security, saying the government risked running up against supply constraints and taking on an unsustainable fiscal burden. The rejection by the ministry of consumer affairs, food and public distribution means that both NAC, headed by Congress party president Sonia Gandhi, and the government will have to go back to the drawing board...
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Ideal time to export surplus food stocks, say economists by Devika Banerji
Blame stubborn procurement policy as the root of all evil. With the government sitting on heaps of foodgrain and with an acute shortage of quality storage facilities, analysts, some within the government, suggest exporting foodgrain and reviewing procurement policy. The suggestion is gaining ground among advisors and experts, given the current global situation, where wheat prices are on the rise on fears of subdued production in drought-hit countries like Russia, Uzbekistan and...
More »Rising demand may push up grain prices despite high output by Dilip Kumar Jha
Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...
More »Price Spikes Raise Spectre of Another Food Crisis by Matthew O Berger
While global food prices declined for the first half of this year, they have spiked in recent months, according to a new World Bank publication, and this volatility could in turn push up the local food prices of the world's poorest and most malnourished countries. The Bank's grain price index had declined by 16 percent over the first six months of 2010 before rising that same amount between mid-June and August....
More »Rotting Foodgrains in Asia: The Case Of India And The Philippines by Arpita Mathur
A common incidence of rotting food grains has been reported in India and the Philippines even as millions are starving. The problem has to be tackled with dexterity at both the domestic and regional levels to curb this alarming wastage of food that contributes to food insecurity at large. RECENT NEWS reports from the Philippines and India interestingly surfaced with one common problem -- rotting food grains in both countries, even...
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