-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...
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India should stand its ground at Bali -Ashok Kotwal, Milind Murugkar and Bharat Ramaswami
-Live Mint Our food procurement policies may be lopsided but there is no link between the food security law and free trade The upcoming World Trade Organization (WTO) summit in Bali has attracted considerable attention in India because of its repercussions on our food policy. It is feared that the recently passed food security law will breach the negotiated limits on the aggregate measure of support (AMS) to farmers. AMS is...
More »The subsidy devil is in the detail-Rajiv Shastri
-The Business Standard Expenses such as employment guarantees and loan waivers are, in effect, subsidies that are classified differently in government accounts Over the last few years, the government announced many policy initiatives that purportedly help the weaker sections of our society. Schemes initiated under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) or the distribution of free and affordable food items under the National Food Security Act (NFSA) are examples...
More »Freeing the world from hunger-Vikas Rawal
-The Hindu The Bali ministerial conference in December presents a crucial opportunity to bring about changes in WTO rules Ending hunger and poverty requires major national policy initiatives in developing countries. The United Nations Secretary-General has articulated a broad zero hunger vision, endorsed and embraced as a priority by national leaders in many developing countries in Latin America, Africa and Asia. Production of food by small cultivators in developing countries has a...
More »FAO expects more balanced food markets, less price volatility
-FAO Rome: Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published today. "The prices for most basic food commodities have declined over the past few months. This relates to production increases and the expectation that in the current season, we will have more abundant supplies, more export...
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