Rising international cereal prices tempted India to export record 20 million tonnes of rice, wheat in FY21

India exported a record 19.8 million tonnes of rice and wheat in FY21 on the back of attractive overseas prices of the commodities and massive surplus production at home, despite the pandemic and lockdowns last year. Rice exports almost doubled to an all-time high of 17.7 million tonnes last fiscal, against 9.5 million tonnes a […]

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Four jute mills in West Bengal to close operations due to shortage of raw jute; more might follow

Four jute mills – Delta, Hanuman, Wellington and Budge Budge – in West Bengal have stopped operations due to shortage of raw jute. It is being estimated that 25 more are at the brink of closure. Despite fresh government orders and the industry’s commitment to supply 7.3 lakh bales equivalent of jute sacks between April […]

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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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No plans to hike PDS foodgrain prices in near future: Food Minister Piyush Goyal

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Food minister Piyush Goyal said there was no proposal before his ministry to increase the rate of foodgrain sold through ration shops under the National Food Security Act (NFSA). The ration shops, also known as Public Distribution System (PDS), sells foodgrains at highly subsidized rates to the card holders. The recent Economic Survey has recommended […]

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Food Corporation of India’s operations need to be overhauled to keep pace with country’s requirements: Minister

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Following a series of meetings chaired by Piyush Goyal, minister for food, consumer affairs, commerce, industry and railways, with FCI and senior government officials, the government of India has proposed to revise archaic grain standards of the FCI, which were set 20-30 years ago. The plan includes keeping with advances in harvesting and handling technologies, […]

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