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 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 […]

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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 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. […]

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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 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 […]

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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 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 […]

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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 (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 […]

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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 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 […]

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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 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 […]

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