BEACON

According to RIA Novosti, the President of Russia, Dmitry Medvedev has approved a plan to boost domestic food production and reduce the country’s dependence on imports. Russia plans to enhance its food production through a new food policy which is expected to produce up to 95 percent of domestic grain needs followed by 80 percent [...]

Mounting pressure from the Indian government has forced Egypt to call off the ‘precautionary fee’ of 25 percent of CIF value imposed in January this year on Indian cotton yarn, fabric and sugar. This tariff was in addition to 5 percent import duty on cotton and mixed yarn and 10 percent import duty on cotton [...]