It is learnt that India’s finance ministry will soon make a strong pitch for imposing a ceiling on annual food subsidy expenses, the relentless rise of which has become an unsustainable fiscal obligation over the last few years. According to official sources, a Cabinet note being prepared by the ministry with this intent will suggest […]
A whopping 3 million tonnes (mt) of stocks procured mostly in the last two years is forcing the government to sell chana (gram) below the minimum support price (MSP) from the buffer held with the National Agricultural Cooperative Marketing Federation of India (NAFED). NAFED has sold chana through open auction at the price ranging between Rs 4,416-Rs […]
The Centre will soon invite private players along with Food Corporation of India and other state agencies to procure foodgrains for buffer stock, food secretary Sudhanshu Pandey said. He informed that the Union food ministry has already written to all the state governments regarding this. Addressing 82nd annual general meeting of Roller Flour Millers Federation of India, […]
The government’s committee on the minimum support price (MSP), natural farming and crop diversification will hold its second meeting on September 27 in Hyderabad. The meeting is likely to be held in the campus of the National Institute of Agricultural Extension Management (MANAGE), Hyderabad. In the first meeting held on August 22 in the national capital, the […]
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 existing limit for farmers in Madhya Pradesh purchasing moong and urad under the Price Support Scheme (PSS) for summer 2021–2022 has been increased from 25 to 40 quintals per farmer per day by the union government. This comes after Narendra Singh Tomar, the Union Minister of Agriculture and Farmers Welfare, and Kamal Patel, the Madhya […]
The National Agricultural Cooperative Marketing Federation of India (NAFED) has invited bids for selling surplus chana (gram) in the open market from the government’s pulses buffer stock. It is believed that close to 0.5 million tonnes (mt) of chana procured in the 2020-21 and 2021-22 seasons from the farmers will be sold to bulk buyers through an […]
The committee on Minimum Support Price (MSP) is scheduled to hold its first meeting on August 22 to discuss future strategies, according to official sources. In the first meeting, the committee will introduce members, deliberate on “future strategies” and discuss setting up sub-panels to cover the wide issues mentioned in the terms of reference. Meanwhile, […]
Indian wheat prices jumped to a record high, despite a ban on exports, amid strong demand and dwindling supply from a crop damaged by heatwave. The price rally has reduced chances of India supplying substantial amounts of wheat under government-to-government deals with countries struggling to secure shipments amid the disruption of the war in Ukraine. […]
The minimum support price on agri crops should continue as long as markets become competitive and efficient, but it should be given through means other than procurement, government think-tank Niti Aayog member Ramesh Chand said last week. Chand, while addressing a conference on ‘Getting agriculture markets right’, organised jointly by National Stock Exchange and ICRIER […]
