The Maharashtra government has requested the Central government for an increase in the Minimum Selling Price (MSP) of sugar from Rs 3,100 to Rs 3,600 per quintal. The state has also asked the Centre to reduce the interest rate on late Fair and Remunerative Price (FRP) payments to farmers from 15% to 7.5%. The state […]
The Turmeric Product Advisory Committee (PAC) set up by the National Commodity and Derivatives Exchange (NCDEX) has stated that futures trading ensures transparent price discovery for all the stakeholders in the commodity value chain and future prices provide a benchmark for the physical trade as well. Stating that the amount of transparency that derivatives market […]
India resumed mango exports to the US after a pandemic-induced two-year gap. More than 1,000 tonne of alphonso, kesar and other varieties of mangoes have been shipped recently, trade sources said. India also exported mangoes to Japan for the first time while shipment to South Korea resumed after two years. Officials told Financial Express that […]
The Union government approved a 5% hike in fair and remunerative price (FRP) of sugarcane to be paid to farmers for the next season (Oct-Sept) to Rs 305 a quintal. The Cabinet Committee on Economic Affairs (CCEA) approved the increase subject to base sugar recovery of 10.25%. FRP fixed for the next season is 88.3% […]
With cotton sowing already crossing the 10-million-hectare mark in the current kharif season, prices are likely to fall further in the domestic market, says a report in Financial Express. At present, cotton prices are hovering around Rs 80,000-85,000 per candy (1 candy = 356 kg), said Atul Ganatra, president of the Cotton Association of India, […]
The Maharashtra government’s energy department has signed a Memorandum of Understanding (MOU) with the Adani Green Energy Group Ltd (AGEL) to generate 11000 megawatts (MW) of green power in the next five years. It would entail an investment of Rs 60,000 crore and provide employment to 30,000 persons, said a statement from the government. According […]
Maharashtra closed its 2021-22 sugar season producing historically highest sugar, and already the state is staring at breaking this record in the next season starting October 1, said state’s sugar commissioner Shekhar Gaikwad. “Maharashtra’s sugar mills have produced 138 lakh tonnes of sugar, which is the highest quantity ever produced since the inception of the […]
The absence of pre-monsoon rain and heatwave circumstances in India have affected two main fruit crops in India, apples and oranges. With maximum temperatures hovering appreciably above the normal range in Himachal Pradesh and Jammu and Kashmir have left apple growers anxious. The unusually high temperature compared to the previous years will dent the apple […]
India has added 456 megawatts (MW) of rooftop solar capacity during the January-March period of 2022, according to a report by Mercom India Research. At 456 MW, the installations were 34 per cent higher against 341 MW in the first quarter of 2021, said the report. “In the Q1 (January-March) of the calendar year 2022, […]
At the World Economic Forum meet in Davos, ReNew Power has signed MOU to invest Rs 50,000 crore in Karnataka over 7 years and another Rs 50 crore for renewable energy in Maharashtra A leading renewable energy company, ReNew Power has inked a Memorandum of Understanding (MoU) with the Karnataka government at the World Economic […]
