Wettest monsoon in 25 years could lift 2020 wheat output to a record high

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India’s wheat production could jump to a second consecutive annual record in 2020 as the wettest monsoon in 25 years is set to help farmers in expanding the area under the winter-sown crop while also boosting yields, industry officials told Reuters. But that higher production would add to India’s already swelling inventories, potentially forcing the world’s second-biggest wheat producer to […]

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Government planning to infuse funds into FCI; raises authorised capital to Rs 10,000 crore

The Cabinet on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from the current Rs 3,500 crore. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing the authorised capital of the FCI. “With the increase of authorised capital, additional equity capital […]

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High production, decline in exports may affect cotton prices: Ind-Ra

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High cotton production due to greater-than-average rainfall in the country and increased sowing by farmers may adversely impact prices. As per Cotton Corporation of India (CCI) estimates, cotton production is likely to increase 13.6 per cent to 35.5 million bales (170kg) for the October 2019-to-September 2020 season. Area under cotton cultivation has increased by 6 […]

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Minimum Support Price hikes add to the woes of India’s farm exports

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India’s farm exports are at a severe peril. First, a global oversupply in agricultural commodities has led to constantly declining agricultural commodity prices. To add to its woes, sustained and regular increases in the minimum support price (MSP) of agri commodities by the Indian government has over-priced the country’s agricultural commodities in the world market. […]

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Lasalgaon onion prices firm upon demand from other states and monsoon woes

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Average wholesale prices of onion in the country’s wholesale market at Lasalgaon have gone up to Rs 1,600 per quintal owing to high demand from other states. Arrivals this week touched around 22,000 quintals and minimum prices were Rs 700 per quintal while maximum prices were Rs 1,760 per quintal. Market committee officials said that […]

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