Crop arrivals to mandis rise after Supreme Court stays the three farm laws

Arrivals of several crops in the organised mandis have picked up ever since the Supreme Court stayed the implementation of the three contentious farm laws on 12 January, 2021, according to official data on the Union agriculture ministry’s Agmarknet portal. Of the ten major kharif crops, mandis have seen increased arrivals in five crops – […]

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Indian government procures paddy worth Rs 84,928 crore this kharif season so far; high cotton arrivals

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Paddy procurement has increased by 25 per cent in this kharif marketing season so far to 449.83 lakh tonnes at the minimum support price (MSP), valued at Rs 84,928.10 crore. “In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at its MSP from farmers as per its existing MSP […]

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Grasim Industries to sell fertiliser business for Rs 2,649 crore

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Grasim Industries plans to sell the company’s fertiliser business, Indo Gulf Fertilisers (IGF) to Indorama India (IIP), a subsidiary of Indorama Corporation, Singapore, for a cash consideration of Rs 2,649 crore. Analysts are calling it a slump sale. Indo Gulf Fertilisers is engaged in manufacture, trade and sale of urea and other agri-inputs with a 1.2 MTPA urea […]

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Murugappa Group’s proposal to buy Thapar-owned CG Power approved by Competition Commission

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The Competition Commission of India (CCI) has approved the proposed acquisition of shares in troubled CG Power and Industrial Solutions by Chennai-based Tube Investments India (TII), a subsidiary company of Rs 38,000-crore Murugappa Group, reports Financial Express. Tube Investments and CG Power had entered into a securities subscription agreement on August 7, this year for […]

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Procurement of cotton in Maharashtra to begin from early November

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Cotton procuremt in Maharashtra is likely to begin early November, reports Financial Express. Maharashtra expects production of 450 lakh quintal of cotton for the 2020-21 season, with the crop being cultivated on 42.07 lakh hectare, according to co-operation and marketing minister Balasaheb Patil. The minister, who reviewed the preparations for the cotton procurement season of […]

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