New Delhi: India, the world’s second biggest producer of rice and wheat, has no immediate plan to lift the ban on exports of foodgrain, Union agriculture minister Sharad Pawar said on Tuesday in a written reply to a question in Parliament.
Pawar also said the government is working out details of eligible families below the poverty line, methodology for their identification and issuance of identification cards, as part of the proposed National Food Security Act.
Pawar assured the House that the present stock of foodgrain available in the central pool is sufficient to meet the demand of foodgrain under the targeted public distribution system.
—Bloomberg & PTI
Morgan Stanley widens sugar deficit forecast
Melbourne: A forecast global deficit for sugar, the best performing commodity in the past year, may be wider than previously estimated, Morgan Stanley has said.
The deficit may be 2.8 million tonnes (mt) in 2009-2010, widening from a previous estimate of 0.8mt, Morgan Stanley said in a note to clients dated 6 July. It also raised its forecast for the 2008-09 deficit to 8.7mt, from a prior estimate of 7.9mt.
Sugar prices have jumped 47% this year as declining output from India added to a forecast global supply shortfall.