Food Category
Soyabean prices have fallen below Rs 6,000 per quintal in key markets across the country on new crop arrivals and the commencement of soymeal imports. The commodity prices had touched a record high of Rs 10,000 per quintal in the months of July and August, causing distress to the poultry and livestock sector. Soymeal forms […]
Exports of 37 agriculture and processed products, promoted by Agricultural and Processed Food Products Export Development Authority (Apeda), jumped by 22% to touch $ 7.9 billion during first five months of the current fiscal. The export market saw a healthy demand for rice and other cereals as well as meat, dairy and poultry products. Exports […]
The government has issued new quality specifications for rice and paddy procurement for the coming season, reports Financial Express. According to a statement, the government has established uniform criteria for fortified rice kernels (FRK) for grade A and common rice in case of purchase of fortified rice stocks, where 1% FRK shall be blended with […]
The Centre has set a target of 307.33 million tonnes of foodgrains production for the current 2021-22 crop year ending June. This target is slightly lower than the estimated output for the 2020-21 crop year at a record 308.65 million tonnes. This is a rise of 3.74 per cent from the previous year’s production. The […]
The Centre has, till now, cleared Rs 1,800 crore in subsidy to sugar mills for undertaking a mandated export of 6 million tonnes of the sweetener in the 2020-21 season-ending this month. The government had to offer export subsidies during the last three seasons to reduce surplus stocks and help cash-starved sugar mills clear cane […]
India’s northeastern state Manipur’s Tamenglong orange, a species of the mandarin family, and Hathei, a chilli variation, have been granted Geographical Indication (GI) status by the government. Chief Minister Nongthombam Biren Singh said in a tweet, “I’m happy to share that two (two) Manipur products, Hathei Chilly and Tamenglong Orange, have been given the GI […]
Given the global uptrend of Arabica coffee prices trading at 7 -year high in July 2021, Robusta coffee too has caught up and is trading at a four-year high of above $2,040 a tonne. Global coffee prices have been rising due to lower availability from the main coffee producing countries, which has resulted in a […]
The Centre on Friday said prices of eight types of edible oils in the wholesale markets across the country are showing a declining trend over the last week after it took several measures to boost domestic supply and curb hoarding. The wholesale prices of groundnut, mustard oil, vanaspati, sunflower oil, palm oil, coconut oil and […]
At the 45th GST Council meeting, the Fitment Committee of GST recommended an 18% GST on coconut oil sold in unit containers of less than one litre and a 5% GST on units sold in containers of one litre or more. Coconut oil price is likely to skyrocket and merchants, traders as well as producer […]
The country’s foodgrain production is likely to touch a new record of over 150 million tonnes in the Kharif season of the 2021-22 crop year (July-June) due to good rains, Agriculture Secretary Sanjay Agarwal said. Sowing of Kharif (summer) crops like paddy, which begins with the onset of the Southwest monsoon from June, will get […]
