CACP recommends dual price policy for sugar trade for farmers’ benefit

The Commission for Agricultural Costs and Prices (CACP) has recommended the government to frame a dual price policy for sugar trade in India for the benefit of farmers, reports Business Standard. Sugar prices have jumped marginally by Re 1-2 a kg in the wholesale markets due to lower production estimates in India and improving prospects for exports. With this increase, […]

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Kharif production likely to decline by 53% due to heavy post-monsoon showers: NBHC

The country’s kharif food production could be much lower than the Centre’s first advance estimate of a marginal fall. Heavy post-monsoon showers are a key reason. The production of coarse grains, pulses, oil seeds and sugarcane is expected to decline in the summer season of 2019-20 due to late monsoon and erratic and heavy rains […]

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Domestic non-basmati paddy prices rule firm over damage to crop last year

Amid the setback faced by the Indian basmati exporters over stalled shipments due to the ongoing US-Iran standoff, the prices of non-basmati paddy are holding firm and rising in some local markets after reports of crop damage following last year’s heavy rainfall and subsequent flooding in major growing areas have surfaced, Business Standard reports. After the advisory by All India Rice […]

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India restricts refined palm oil imports from Malaysia over Kashmir, CAA

The government has imposed restrictions on imports of refined palm oil and palmolein, a move in retaliation against top supplier Malaysia after its criticism of India’s actions in Kashmir and the Citizenship (Amendment) Act, 2019 (CAA). According to a notification of the Directorate General of Foreign Trade (DGFT), “import policy” is amended from “free to […]

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