It's Time To Roll Out The Indian Jokes Again...

Farmers in Uttar Pradesh aren't dansaking in the streets at the penalties being imposed by the Food Corporation of India for shrivelled grains on this season's wheat harvest.

You will recall that the government dismissed the effect of a scorching end to the growing season as causing only "minimal" damage.

Strange then that there is so much shrivelled wheat about that nationally government-backed agencies have managed to procure only 21.2 MMT of wheat from local farmers so far this harvest, compared with 27.7 MMT during same period last year.

The government meanwhile still steadfastly insist that the 2010 harvest will beat last season's record production.