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A futures shock from FCI-Devinder Sharma

-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...

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Combine Harvesters set to thicken Delhi's Smog

Since early November, Delhi and large parts of North India have been enveloped in a thick, grey smog, sparking concerns and a debate on what is leading to the rising levels of air pollution. A January 2012 paper by Ridhima Gupta from the Indian Statistical Institute, Delhi is drawing linkages between the quality of air in the capital and agricultural practices during harvest season on farms in the neighbouring state...

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Empty Promise -George Monbiot

-Outlook Could scientists have got the impacts of climate change on food supply wildly wrong? I believe we might have made a mistake: a mistake whose consequences, if I am right, would be hard to overstate. I think the forecasts for world food production could be entirely wrong. Food prices are rising again, partly because of the damage done to crops in the northern hemisphere by ferocious weather. In the US, Russia...

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UN reports slight increase in food prices, warns of decline in global cereal harvest

-The United Nations The United Nations today reported that global food prices slightly increased in September after two months of stability, and warned that despite increased cereal production in low income countries, global harvest of this commodity is expected to decrease this year. During September, the UN Food and Agriculture Organization’s (FAO) Food Price Index rose by 1.4 per cent from its level in August. The rise to 216 points from 213...

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Repeating a mistake

-The Business Standard Govt controls will raise prices of pulses and oilseeds The food and consumer affairs ministry has proposed that stockholding limits on pulses and edible oils be retained for another year beyond October. In addition, it wants these curbs extended to rice, too. This is misguided, and will cause more problems than it wants to resolve. Instead of controlling prices, as is intended, these restrictions on trade will instead...

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