NAFED to procure 20 lakh tonnes each of pulses, oilseeds at MSP

India’s central government’s National Agricultural Cooperative Marketing Federation (NAFED) is planning to buy 20 lakh tonne of mustard and 15-20 lakh tonne of pulses in the ongoing rabi (winter-sown) harvesting season at the minimum support price (MSP). NAFED will buy pulses and oilseeds on behalf of the government to provide MSP to farmers. The co-operative […]

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India’s monsoon looking good, but reining in food prices still a battle

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The much-awaited monsoon showers after two straight years of drought have covered the entire country and sharply increased the rate of sowing of key crops, but India’s battle to douse food prices still seems to be far from over according to the latest government data. India’s annual rate of inflation based on wholesale prices shot […]

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India trade body and government spar over state of wheat crop

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The Indian government slammed a key industry body for issuing a “factually incorrect” report estimating wheat production to be lower because recent rain and hailstorm are believed to have affected the harvest. Agriculture Minister Radha Mohan Singh criticised the Associated Chambers of Commerce of India (Assocham) for the report, saying incorrect information was being given […]

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For the love of a quick bite!

India’s packaged food industry, which is currently worth US$32 billion, will reach US$50 billion by 2017 due to increasing demand for ready-to-eat food, which is gaining favour with consumers due to its convenience, a survey by industry body Assocham said. The survey showed that Indian households had increased their spends on such food by 32.5 […]

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