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Retail Inflation Slows to 9.87% in December

-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...

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Food inflation may ease but supply-side woes pinch farmers, consumers -Anil Sasi

-The Indian Express Farmers are simply not among those benefiting from the higher prices of their produce. While a fall in headline inflation numbers will ensure some breathing space for embattled policy makers, the sharp surge in food inflation to a 41-month high of close to 20 per cent in November hides an even more disturbing fact - that despite the consistent spike in the year-on-year agri price levels at the...

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Global food prices steady in December, 2013 prices third highest on record –UN agency

-The United Nations For the second consecutive month, the cost of food worldwide remained nearly unchanged in December, with overall global food prices for 2013 among the highest on record, the United Nations food agency today reported. In a news release, the UN Food and Agriculture Organization (FAO) said its most recent Food Price Index averaged 206.7 points, nearly the same as the 206.4 in November. The FAO's Index measures the monthly change...

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World food prices stay high, but steady

-FAO   2013 third highest year on record for FAO Food Price Index Rome: The FAO Food Price Index averaged 206.7 points in December, nearly unchanged from the previous month, with a sharp increase in dairy prices and high meat values balancing out a steep decline in sugar quotations and lower cereal and oil prices. For 2013 as a whole, the index averaged 209.9 points - down 1.6 percent from 2012, and well below...

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‘Strengthen PDS instead of promoting cash transfers’-V Sridhar

-The Hindu Protect interests of farmers while safeguarding ecology, he says Kochi: Agriculture has become a "legal responsibility" of the state following the enactment of the Food Security Act, eminent agricultural scientist M.S. Swaminathan said on Thursday. Delivering the inaugural address at the Tenth Anniversary conference of the Foundation of Agrarian Studies here, Prof. Swaminathan said, "Right to Food can be implemented only with home-grown food." Observing that public procurement of coarse Cereals was...

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