War, tariffs and inflation are not the only things driving up the price of food. Widespread drought is also looming over what people around the world eat. In Brazil, parched coffee farms have affected latte prices everywhere. In the Midwestern United States, years of poor rains have led ranchers to cull cattle herds and have…
A bumper wheat harvest in India is replenishing government stockpiles at a rapid pace, easing fears that the country would need to import wheat for the first time since 2017. This turnaround could weigh on global wheat prices, which have already seen a sharp decline from 2022 peaks.India, the world’s second-largest wheat producer, had banned…
NEW DELHI: Wheat procurement during the current Rabi marketing season (RMS) has crossed 296 lakh tonne till Sunday, 11% more than the entire purchase of the cereal by govt agencies last year. This puts the govt in a comfortable position to meet the statutory food security requirement and for market intervention to check price rise.As…