COMMENTARY – Higher sugar MSP positive, but domestic surplus situation overhung

sugar.jpg

Authors: Ms. Khushbu Lakhotia, Senior Analyst, Corporate Ratings, India Ratings and Research (Fitch Group) & Mr. Jinesh Rajpara, Analyst, India Ratings and Research (Fitch Group)  The recent hike by Rs. 2 per kilogram (kg) in the minimum selling price (MSP) of sugar to Rs.31 per kg could generate an additional income of Rs.30-35 billion for […]

Read more

India’s NAFED to begin selling buffer stock of onions

India’s National Agriculture Co-operative Marketing Federation of India (NAFED), which procured onions from Lasalgaon in Maharashtra and other wholesale markets in the state over the past four months, is now set to dispose nearly 13,000 tonnes of the buffer stock from its various storage facilities across Nashik district, top officials said. The central government had […]

Read more

India creates sugar buffer stock of three million tonnes to stabilise prices as output leaps

sugar.jpg

India has created a buffer stock of three million tonnes of sugar in its effort to stabilise domestic sugar prices and allow sugar mills to improve liquidity to clear cane payment arrears to farmers as production leapt much beyond consumption, a government minister said. C.R. Chaudhary, junior minister for consumer affairs and public distribution, told […]

Read more

India expects bumper crop of pulses, but imports still needed – minister

P1020909.jpg

India, seeking self-sufficiency in pulses, said it expects a bumper crop this year but the country’s demand won’t still be met through domestic production. Agriculture Minister Radha Mohan Singh told the upper house of parliament during a discussion on Friday that advance estimated showed India would produce 22.14 million tonnes of pulses, but the country […]

Read more

India says buffer stock of pulses crosses 1 million tonnes for the first time

India has created a buffer stock of one million tonnes of pulses through domestic procurement and imports, for the first time, a government statement said. Of this, 500,000 tonnes have been procured during the ongoing kharif marketing season, the statement said, adding that the government’s procurement intervention has helped farmers get remunerative prices for kharif […]

Read more

India says to hire professional entity to manage its buffer stock of pulses

India will engage a professional entity to manage its buffer of pulses, built after prices rocketed following two years of drought, the junior consumer affairs minister told parliament. C.R. Chaudhary said adequate capacity for storage of pulses was available with the Central Warehousing Corporation (CWC) and that the government had contracted imports of 971,000 tonnes by […]

Read more