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

MG_9702-scaled.jpg

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 […]

Read more

Paddy procurement up 21% at 375.72 lakh tonnes so far; valued at nearly Rs 71,000 crore

food-security.jpg

Paddy procurement in the ongoing kharif marketing season has so far increased by 21 per cent to 375.72 lakh tonnes, valued at Rs 70,937.38 crore. In the ongoing kharif marketing season (KMS) 2020-21, the government continues to procure kharif 2020-21 crops at its MSP (minimum support price) from farmers, an official statement said. The Kharif […]

Read more

World cotton stocks to fall in 2020/21 on lower output, higher consumption

Cotton-field.jpg

World’s cotton ending stocks are expected to decline by 3.9 million bales during 2020/21 at 97.5 million bales, reflecting lower production and higher consumption, according to the US Department of Agriculture (USDA). The stocks will drop by 1.9 million bales from last year’s level. The decline in production by 2.2 million bales during the year […]

Read more

Pressure on global cotton prices set to ease on lower output estimate

cotton-scaled.jpg

The world will be producing less cotton than what was expected for the current marketing year, which will ease a cycle of downward prices since the pandemic, says the International Cotton Advisory Committee (ICAC). Production of cotton this year has been revised down to 24.7 million tons from 24.9 million tons estimated earlier. The recovery […]

Read more

Maharashtra cotton seed companies to specify production tech of hybrid varieties on packs

cotton.jpg

The government of Maharashtra has directed the companies selling hybrid cotton seeds to specify in detail the technology used in production of seeds on the pack, reports Financial Express. Seed companies in Maharashtra and other cotton producing states have expressed displeasure at this decision. Dilip Zende, director, quality control, Department of Agriculture, Maharashtra, told Financial […]

Read more