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Posts Tagged ‘distribution’

World food prices seen at record high in January

Posted by Admin on February 4, 2011

http://in.finance.yahoo.com/news/World-food-prices-seen-record-reuters-194064327.html

A vendor sorts tomatoes at a wholesale vegetable and fruit market in Chandigarh January 29, 2011. REUTERS/Ajay Verma
On Thursday 3 February 2011, 6:12 AM

 

By Svetlana Kovalyova

MILAN (Reuters) – Surging food prices are on Thursday expected to push the United Nations ‘ food price index to a record high in January for a second straight month, further above the levels which prompted food riots in 2007/2008.

The Food Price Index of the UN’s Food and Agriculture Organisation (FAO), which measures monthly price changes for a food basket of cereals, oilseeds, dairy, meat and sugar, hit a record in December, above a previous high set in June 2008 during the food crisis.

A mix of high oil and fuel prices, growing use of biofuels, bad weather and soaring futures markets pushed up prices of food in 2007/08, sparking violent protests in countries including Egypt , Cameroon and Haiti.

The Rome-based agency has warned food prices could climb even higher, expressing concern about global weather patterns.

Severe drought in the Black Sea last year, heavy rains in Australia and dry weather in Argentina and anticipation of a spike in demand after unrest in north Africa and the Middle East has helped power grain prices to multi-year highs.

The worst winter storm for decades in the U.S. grain belt kept up pressure on wheat futures on Wednesday.

Surging food prices have come back into the spotlight after they helped fuelled protests that toppled Tunisia’s president in January and have spilled over to Egypt and Jordan, raising speculation other countries in the region would secure grain stocks to reassure their populations.

Algeria on Jan.26 confirmed it had bought almost a million tonnes of wheat, bringing its bread wheat purchases to at least 1.75 million since the start of January, and ordered an urgent speeding up of grain imports, a move aimed at building stocks.

World leaders at the World Economic Forum in Davos last week warned rising food prices could stoke more unrest and even war. French President Nicolas Sarkozy reiterated calls for regulation to rein in speculation and volatility.

Multi-year highs for grain and sugar futures in January helped push higher spot and physical prices which the FAO uses to calculate the index.

(Reporting by Svetlana Kovalyova; editing by Keiron Henderson)

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Grains worth millions rot at Udaipur railway station

Posted by Admin on July 9, 2010

Thu, Jul 8 03:55 PM

Udaipur, July 8 (ANI): In a case of gross administrative negligence, grain stock worth millions of rupees has been left to rot at the Rana Pratap Railway Station in Rajasthan’s Udaipur city.

Containing thousands of kilograms of wheat and peas, hundreds of gunnysacks had arrived at the station from Punjab and Haryana. They were to be supplied under the public distribution system to the below poverty line (BPL) households in the region.

The Food Corporation of India (FCI) had sent nearly 100,000 gunnysacks carrying wheat meant for consumption by poor, while the National Cooperative Consumers Federation (NCCF) for India had transported many tonnes of yellow peas for the same purpose.

Due to lack of proper storage facilities, the grain was left in open and the monsoon speeded up their decay.

Noticing such negligence, furious local residents confronted NCCF official Jitendra Dubey, who had arrived at the platform to inspect the consignment.

“These grains are meant for the poorest of the poor, the below poverty line (BPL) households that live on these grains. Millions of poor people are waiting for the grain stocks, which are rotting here. The situation is deplorable since no one, from the contractor to the railway officials and food corporation authorities of India are concerned about this,” said Jitendra Shastri, President of the Udaipur Youth Forum.

When asked the reason for the authorities failing to preserve the food stock, Dubey refused to comment.

Emitting a repugnant odour, the grains have still not been carted out of the railway station, and rodents and insects have now infested the stock. A white layer of fungi has also been observed forming on many of the gunnysacks.

“The food stock is lying rotten on the ground. A white fungus like layer has formed upon the gunnysacks and due to the rains, they have been rendered useless and inedible. The stock is stinking. However, despite all this, there is no separation of grains being done by the contractors who are supplying this stock. It is unfortunate that these rotting grains will be transported to the cities and supplied to consumers,” said Ramesh, a local consumer.

The supply and consumption of such infected food grains could be dangerous to human health, he added.

Meanwhile, the authorities maintained that the grain has not been destroyed as yet, and that the transportation and supply was going on to the ‘best of their abilities.’

“The grain stock has not destroyed as yet. Thousands of gunny bags are currently lying on the railway platform, and the labourers have been working hard to transport them to godowns. They work from morning till evening. The stock arrived at the station just four days back, and yesterday there was a national shutdown. How much work can the labourers possible do?” said Himmat Singh Bhati, a Food Corporation of India official stated. (ANI)

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