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because the public distribution system (PDS) is undermined by bureaucracy and corruption, 60m tonnes of grain is lying in warehouses or under plastic sheeting, and, according to the Hindustan Times, 11m tonnes of it has been destroyed by the monsoons.

Since the 1970s green revolution, agricultural production has continued to rise, but not to benefit the hungry. Half of India's children aged under five suffer from malnutrition, and the rate remained stable between 1999 and 2006 despite the economic growth in those years. India is the world's 11th largest economic power but still has more people in poverty than sub-Saharan Africa, even though it has not suffered from civil wars and political crises.

A universal public distribution system would be a life-saver for the hungry, while for the others it would be a form of financial support and social security," explained Jean Drèze, an economist and member of the Right to Food movement. But he estimates the cost of the reform to be more than $21.8 billion. Is the country prepared to devote 1.5% of its GDP for the fight against hunger? The answer will lie in the government's Right to Food Act, which should be revealed before the end of the year.

There is a need for transaction tax on trade in commodity derivatives (financial instruments linked to future prices of underlying assets) and for more schemes to deal with the stabilisation of commodity prices. Panitchpakdi indicated concern over the excess of liquidity driving up the prices of maize and wheat in 2010.