Nafed and Food Corporation of India, among themselves, have procured nearly 38 lakh tonne of oilseeds and pulses under the flagship PM-Aasha scheme during both kharif and rabi seasons of 2018-19 crop year (July-June), as more and more farmers prefer to sell their crops to government agencies for getting the MSP benefit, says a report […]
With food grain stocks held by state-owned Food Corporation of India (FCI) in the central pool hitting a six- year high, the government plans to increase allocations to below-poverty-line (BPL) families and raise the open market sale scheme (OMSS) to liquidate inventory. The Union Ministry of Food is reported to have convened a meeting of all stakeholders, including officials from the […]
The Uttar Pradesh government has failed to achieve its wheat procurement target of 5.5 million tonnes (MT) for the 2019 rabi marketing season, reports Business Standard State agencies fell short of the target by 35 per cent and could only procure about 3.6 million tonnes of wheat till June 15, the day normal procurement season concludes. Last year, UP […]
The government of India, which is already sitting on a record stockpile of rice expects procurement of the food grain to touch a new high of about 45 million tonnes in the current procurement year that ends September 2019. The government had bought more than 37 million tonnes rice from farmers in the kharif season, […]
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 […]
