The United Nations Food and Agriculture Organization (FAO) has cut its global wheat production forecast for 2010 due to the impact of poor weather on crops in recent weeks, but allayed fears of a new food crisis, noting that current stocks should be adequate. The global wheat production forecast is now expected to be 651 million tonnes, down from the 676 million tonnes reported in June, the Rome-based agency said in...

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,...

Antiquated food storage methods and technologies have been costing India dearly. The chairman of the Food Corporation of India (FCI), Siraj Hussain, admits that food worth Rs 50,000 crore is wasted every year. This comes roughly to 20 per cent of the total food produced by the country. Though this figure includes food that is lost in processing, packaging, transportation and even marketing, yet a substantial portion of it is lost...

The public distribution system (PDS) has failed to deliver on its objectives in many parts of the country. It would then seem appropriate to dismantle the system immediately and replace it with food coupons or cash transfers to the eligible households. But evidence on ground illustrate that PDS has functioned well for years in southern states such as Andhra Pradesh, Kerala and Tamil Nadu, with majority of the households purchasing...

When the Reddy brothers, accused of illegal mining, demonstrate their grip over a state government, most people will rightly bemoan the role that corruption plays in public life. However, vital as it is to tackle the issue, it is also important to view it in perspective. Most people would not have realised, for instance, that India has been improving on at least one corruption score. Transparency International, the Berlin-based body,...