-The Indian Express India seems relieved, having convinced the United States to advocate on its behalf at the WTO regarding the issues arising from its food security programmes, while food-exporting nations are rejoicing at New Delhi signing on the dotted line without insisting on a reduction of farm support in developed countries. As we defend public procurement and stock holding, they will be looking at opportunities to export to India high-value...
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Policy Watch: Food & water crisis ahead -RN Bhaskar
-DNA India's rising affluence and water profligacy could trigger a food crisis very soon At first blush, there is a lot to be cheerful about. India's index of industrial production has resumed its climb. Stalled projects are being dusted and revived. There is a good chance that employment figures, too, will begin rising by the end of the next quarter. Then there is more good news. Per capital GDP (Gross Domestic Product)...
More »Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
More »Farm distress looms as global crop prices crash after 10-year bull run -Harish Damodaran
-The Indian Express For the last 10 years, farmers in India benefited from both increased production and higher price realisations - leading to rising rural incomes and declining poverty rates. That happy story may now be near its end - which could be the precursor to a renewed crisis in agriculture. The main reason is declining global prices for most agri-commodities (see Table 1). Over the last five-six months, corn, wheat and...
More »Food security: India toughens stand at WTO -Amiti Sen
-The Hindu Business Line Will seek removal of restrictions in ‘peace clause' India has decided to strike a harder bargain on food security at the World Trade Organisation than it did in July. It wants restrictive conditions attached to the use of the peace clause dropped. New Delhi, which had wanted the ‘peace clause' offering protection against retaliatory action for breaching farm subsidy caps extended indefinitely in return for support to the trade...
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