NAFED and FCI procure nearly 38 lakh tonne oilseeds and pulses under PM-Aasha

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 […]

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Indian government plans open market sale to deal with rising food grain stocks

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 […]

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UP wheat procurement slips 35% against 5.5 million tonnes target

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 […]

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Government of India estimates 2018-19 rice procurement at record 45 million tonnes

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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, […]

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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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