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Bitter truth: India drought may trigger world sugar crisis

Posted on: August 20th 2009 in Market News.

Beijing: India has enough grain stocks to ride out an expected poor harvest, but the failure of the monsoon adds to global uncertainty about food and grain stocks, the head of an agricultural think tank said on Wednesday. India’s monsoon rains have been 29 per cent below normal sin…

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It’s official now: this is a drought year

Posted on: August 14th 2009 in Market News.

New Delhi With three quarters of all districts receiving deficient rainfall so far and the overall rain deficit worsening since last week, the country seems headed into the worst drought year over the last two decades. Signalling the seriousness of the crisis, the Government set up a 10-m…

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