Wheat prices in India likely to drop on bumper crop forecast
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 …
India’s foodgrain production, procurement may hit record high in FY19
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 …
NAFED and FCI Oilseeds, Pulses procurement at extreme slow pace
Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), which have a target to procure 33 lakh tonnes …
India’s Punjab state to build its own storage facility for wheat
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 …
Wheat procurement in India by government agencies set to cross 32 million tonnes this year
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 …
Rice stocks at Food Corporation of India hit 5-year high at 25 million tonnes
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 …
Wheat procurement in India may cross 32 million tonnes this crop season – report
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 …
India’s FCI halts pulse purchases under support price mechanism; farmers in a quandary
Government-owned food grains procurement agency, Food Corporation of India (FCI), has suspended purchase of pulses from farmers under the minimum support price …
Daily Masala
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 …
India’s wheat procurement drops on lower arrivals
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 …