India says increasing minimum buying price for summer crops by up to 50 percent

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The Indian government announced it was raising the minimum support price (MSP) for kharif crops by 50 percent to ensure remunerative prices to the growers for their produce. The government’s strategy is one of promoting sustainable agriculture with diversified cropping pattern matching with the country’s agro-climatic conditions, towards higher productivity without jeopardising nation’s bio-diversity, a […]

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India asks state agency NAFED to start onion procurement for buffer stock

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The Centre has directed the National Agricultural Co-operative Marketing Federation of India (NAFED) to commence procurement of 40,000-50,000 tonnes of summer onions towards the creation of buffer stock. According to Nanasaheb Patil, director of NAFED, the agency was given a target of procuring one lakh tonnes in January itself from Maharashtra and Gujarat. This year, […]

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Prices of most farm commodities fall below government’s minimum support price

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Prices of most agricultural commodities have slipped below their minimum support price (MSP) because of lockdown-triggered labour and logistic problems, which created supply pressure on mandis near major production centres, even as remote agricultural produce market committees (APMCs) remain deserted. Business Standard reports black gram (urad beans) at Karnataka’s Sedan mandi is selling at Rs 4,200 a […]

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UP targets rabi wheat procurement of 5.5 million tonnes at Rs 1,925/quintal MSP

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The Uttar Pradesh government has set an ambitious wheat procurement target of 5.5 million tonnes (MT) for the coming 2020-21 rabi marketing season, reports Business Standard. The state cabinet meeting chaired by chief minister Yogi Adityanath last evening approved the rabi procurement policy under the minimum support price (MSP) of Rs 1,925 per quintal (100 kg) set by the […]

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