Amul ramps up milk supply to Maharashtra to bridge deficit after floods; Kerala eyes Karnataka for milk

Gujarat Cooperative Milk Marketing Federation (GCMMF), owner of the Amul brand, has ramped up its milk supply to Mumbai and other cities in Maharashtra to bridge the deficit due to the death of nearly 1,000 milch animals and an acute shortage of fodder due to the recent floods in the western parts of the state. The floods […]

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Onion prices rise by up to 76% on reduced supply from flood-hit states

Onion prices jumped by up to 76 per cent in the last one month due to reduction in arrivals in the agricultural mandis across the country, following floods in major supplying states such as Maharashtra, Karnataka and Madhya Pradesh. Data compiled by Nashik-based National Horticultural Research & Development Foundation (NHRDF) showed the highest jump of 76 […]

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Government of India might impose Minimum Export Price on onions to curb price rise

As onion prices witnessed a sudden spurt over the past week, the government has threatened to re-impose the minimum export price (MEP) on the commodity to improve domestic supply if traders try to hoard the edible bulbs to exploit the situation. Apprehending a potential fallout of the price rise of the politically-sensitive commodity, the government […]

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Vegetables prices soar up to 50% in Maharashtra and Karnataka on heavy rainfall

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Vegetable prices have risen 25%- 40% over the past week in western and southern India because of heavy rainfall in the region that has damaged crops and disrupted transportation. Traders in Mumbai, Belgaum and Indore said vegetable prices are likely to remain high until the next harvest in about two months, reports Economic Times. However, […]

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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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USDA cuts India’s 2019-20 cotton output estimate to 29 million bales; Cotton textile exports decline 30.4% in June 2019

Indian cotton production for the 2019-20 season is estimated to be at 29 million 480 pound bales, the U.S. Department of Agriculture (USDA) attache in New Delhi said in a report, down 1 per cent from earlier estimates. The production decline is the result of reduced plantings in central Maharashtra, where farmers are shifting towards […]

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Drought situation to hit sugar output hard in Maharashtra and Tamilnadu

Even as the International Sugar Organization (ISO) has raised its forecast for 2018-19 global sugar surplus to 1.83 million tonnes, up from its previous estimate of 641,000 tonnes, thanks to increased production in India and Thailand as well as a diminished outlook for sugar consumption, Maharashtra and Tamilnadu in India are reporting huge output cuts […]

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Karnataka steel industry body calls for fresh auction on ore mines

The Karnataka Iron and Steel Manufacturers’ Association (KISMA) has demanded fresh auction of iron mines in Karnataka to provide a level-playing field between captive and merchant miners.  The industry body also claimed that the concerns raised by merchant miners over the possible supply shortage post expiry of mining leases in March 2019 are “baseless” and […]

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Higher price, poor quality result in 2.24 million tonnes unsold iron ore inventory in India’s Karnataka

Higher price and poor quality led to an unsold iron ore inventory of 2.24 million tonnes in 2018-19 in Karnataka, according to industry body KISMA. The development assumes significance as a group of mining dependents in Karnataka had earlier requested the Supreme Court-appointed panel to allow free iron ore trade and give preference to local […]

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