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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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Odisha's farmers suffer huge crop loss in floods

-The Times of India KENDRAPADA (Odisha): The recent floods damaged standing paddy crops in Rajkanika, Aul, Garadapur, Marsaghai and Mahakalapada blocks in Kendrapada district. "Floods caused extensive damage to paddy saplings. How will we repay the bank loan?" asked Sarat Jena of Ratanapur village. The floods also severely damaged large tracts of green gram, black gram and vegetable crops in the district. Deputy director of agriculture (Kendrapada) Prafulla Chandra Mishra said paddy crops...

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India's shifting food bowls -Ravish Tiwari

-India Today Geography of rice and wheat has been transformed with Chhattisgarh, Bihar, Jharkhand and Madhya Pradesh generating surpluses Almost 50 years ago, Prime Minister Lal Bahadur Shastri went on air to appeal to Indians to skip a meal a day. Foodgrain supplies had come under strain after the 1965 drought, and the patriotic ethos cautioned against over-consumption: what you ate left that much less for the rest. Today, it is...

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Forecast lifts cloud of drought

-The Telegraph New Delhi: India's weather agency has revised its 2014 monsoon forecast downwards, predicting 13 per cent rainfall deficit instead of 7 per cent forecast earlier this year, cautioning that yields of several crops may decline but dismissing fears of a widespread drought. The India Meteorological Department today said the rainfall during the remaining six weeks of the monsoon season will be much better than over the past two months. But...

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Govt lowers rain forecast but rules out drought

-The Times of India NEW DELHI: The fear of drought has receded further with Indian Meteorological Department (IMD) on Tuesday predicting better rainfall during August-September. Though the Met downgraded the prediction for the overall Monsoon rainfall from "below normal" to "deficient", it ruled out any possibility of drought. The IMD, in its latest forecast, predicted that "the rainfall over the country as a whole is likely to be 87% of the Long...

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