Wheat prices have staged the most drastic rise in more than 50 years, as a drought in Russia fuels growing worries that it could lead to a global shortage of the grain. Harsh heat and a lack of rain in Russia have killed half of the crop in some hard-hit areas. The slump in production in one of the world's most fertile breadbaskets has pushed prices up 62% since early June,...
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Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk
Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
More »More agricultural investment vital to combat hunger in Asia-Pacific, says UN official
The Asia-Pacific region – home to two-thirds of the world’s one billion malnourished people – must see growth in agricultural investment to tackle the hunger challenge, a senior United Nations official stressed today. The number of hungry people in Asia and the Pacific climbed by more than 60 million in 2009 to 642 million, Jacques Diouf, Director-General of the UN Food and Agriculture Organization (FAO), said in a video message...
More »Food security — of APL, BPL & IPL by P Sainath
The official line is simple. Since we cannot afford to feed all the hungry, there must only be as many hungry as we can afford to feed. There was irony in the timing of the petrol price decontrol order. The decision, which also covered major hikes in diesel and kerosene prices, and affects hundreds of millions of people, came even as Manmohan Singh advised world leaders in Toronto on the need...
More »Monsoon soaks India soybean area after June lag by Ratnajyoti Dutta
India’s vital monsoon rains revived in the soybean-growing central region on Thursday, after a two-week lag that reduced June rainfall to 16% below normal, the second lowest in 15 years. Heavy showers in the central Madhya Pradesh state would accelerate soybean planting in the world’s top importer of edible oils and ease growing nervousness about monsoon rains. The weather office reaffirmed its prediction of a normal monsoon this year, in line with...
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