Wheat prices in the spot market are expected to remain steady for the next one month before gradually declining in February on forecast of a good crop and huge carryover stock, Economic Times reports. According to traders, wheat harvesting will begin in Madhya Pradesh, Gujarat and Rajasthan from the middle of February. This is likely […]
India’s foodgrain production is estimated to grow to an all-time high of 284.83 million tonnes in the 2017-18 crop year ending June, driven by record output in wheat, rice, coarse cereals and pulses after a normal monsoon, according to the Agriculture Ministry. “As per the fourth advance estimates on September 26, 2018, wheat production is […]
Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), which have a target to procure 33 lakh tonnes of oilseeds and pulses under the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) in the 2018-19 marketing season ending March, have only been able to procure 3.75 lakh tonnes so far. […]
India’s central government has approved a proposal to build steel silos with capacity of 21 lakh tonnes for wheat storage in Punjab, spread across more than 20 locations that have been finalised and will have railway connectivity. The connectivity will mean a guarantee from the Food Corporation of India (FCI), that it will pay the […]
India’s wheat procurement has risen by 16 per cent to 31.87 million tonnes so far in this marketing year and is all set to cross the government’s target of 32 million tonnes, according to official data. State-run Food Corporation of India (FCI) and state agencies had procured 27.57 million tonnes in the same period of […]
Rice stocks with Food Corporation of India’s (FCI’s) central pool reached 25 million tonnes at end-April, the highest since 2013, officials said As of last week, the total rice with the FCI it and its other nominated agencies was pegged at 32.96 million tonnes, a third from Punjab alone (11.83 million tonnes). Wheat procurement is […]
The Food Corporation of India (FCI) expects wheat procurement in the country to cross the targeted 32 million tonnes for 2018-19, with state governments ensuring that agencies procure wheat from the farmers at a minimum support price (MSP) of Rs 1,735 per quintal. Wheat procurement has started in Madhya Pradesh, Gujarat and Rajasthan with state […]
Government-owned food grains procurement agency, Food Corporation of India (FCI), has suspended purchase of pulses from farmers under the minimum support price (MSP) operations for the current season. The FCI claims that it had surpassed the pulse procurement target fixed by the Ministry of Consumer Affairs in the beginning of the season and is now […]
Here is what others are talking about this morning: Asian stocks edge higher amid low risk appetite; oil firm Gold up on steady ETF flows, dip in dollar Oil edges up as analysts say market could be closer to balance than expected Iran boosting oil production in possible hitch to OPEC deal Singapore makes another […]
Wheat procurement in India is down 18 percent to 22.9 million tonnes this year due to lower arrival in the market despite earlier expectations of a higher crop, officials said. They said the main government procurement and public distribution agency – Food Corporation of India (FCI) – had procured 28 million tonnes in the previous […]