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Increase in demand from India, China to drive up food prices: Obama

US President Barack Obama today highlighted the need to develop biofuels out of things that do not involve fuel chain, arguing that increase in demand from India and China would drive up the food prices. "As you see more and more demand placed on our food supplies around the world; as folks in China and folks in India start wanting to eat more meat and commodity prices start going up, it's going to be important for .....

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Export of Non-Basmati Rice

The Empowered Group of Ministers (EGOM) has allowed the export of 10 lakh tons of non-basmati rice, subject to a Minimum Export Price(MEP) of USD 400 per Ton, in its meeting held on 11th July, 2011. It was also decided that the export of non-basmati rice would be done by private parties from privately held stocks on purely commercial .....

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Five new items included in 61 for duty-free access to India

Five new items have been included in the revised list of 61 items, against which duty-free market access to India has been sought, a senior official in the Ministry of Foreign Affairs said. Potato, MS (Mild Steel) Rod, Bar Angle, lubricant oil and Coriander seed are the new items included in the revised .....

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Pakistan's mangoes challenge India in US

Three years after India's vaunted mangoes hit US shores, Pakistan is catching up. The first commercial shipment of its prized chausas arrived in Chicago last weekend and is now ready for retailing, setting up yet another rivalry. It will be retailing at a princely $80-100 for a box of 12, a price market experts believe is determined more by the emotional pull of the .....