The government said it has achieved a record procurement of wheat at 398.59 lakh tonnes in the current marketing year that started in April, costing the exchequer Rs 78,721 crore. The record procurement of wheat has been achieved amid farmers’ protest at Delhi-borders since late November 2020. Farmer unions are demanding a repeal of three […]
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 […]
The procurement of wheat in the ongoing rabi marketing season (RMS) 2021-22 was proceeding smoothly across states, a government statement said, adding that 373.51 lakh metric tonne (LMT) of the crop had been procured by May 17 against last year’s corresponding purchase of 300.58 LMT. In Jammu & Kashmir, the motive behind opening of wheat […]
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 […]
Less than a month since the advent of the new rabi season, purchases of wheat, the key rabi cereal, by the Food Corporation of India and other nodal agencies have crossed the halfway mark against the target set for the season. Rabi season procurement usually begin in early April and last for a little over […]
The Uttar Pradesh government has procured 5.24 lakh tonnes of wheat in the first 22 days of the ongoing rabi marketing year, which began on April 1 this year. This is about four times the procurement done in the year-ago period. According to state government officials, in the 2020-21 season, 1.25 lakh tonnes of wheat […]
Even as more than half of the winter crop (rabi crops) has been harvested, prices of most rabi crops have been ruling below their minimum support prices (MSPs). For the 2020-21 crop year (July-June), MSPs of rabi crops were raised between 2 and 6 per cent over the previous year. Chana prices were Rs 4,695 […]
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 – […]
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 […]
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, […]
