The government’s procurement of chana (gram), which has a share of more than 50% in the country’s pulses output, has crossed 1.86 million tonnes (MT) so far in the current rabi season (2022-23) compared to just 0.5 MT a year ago. Sources told Financial Express that procurement of chana, which is being carried out by […]
India is likely to push for “special carve-outs” in the World Trade Organization (WTO) rules in its ministerial meeting starting June 12. The “carve out rule” allows a country to ship out grains from its official reserves under exceptional circumstances to help address a global food shortage. At present, WTO rules make it difficult for […]
Turkey has for the first-time placed orders for 50,000 tonnes of wheat imports from India, joining Egypt. Turkey has begun the process of purchasing wheat through private electronic-mandi. While this will benefit farmers in India, it will also drive-up wheat prices, which have already risen by up to 15 per cent in recent weeks. The […]
A 42% annual drop in wheat procurement by the government agencies has reduced the procurement to 16.19 million tonnes (MT) as of May 1. Stocks of wheat with the Food Corporation of India (FCI) have dropped to a five-year low of 31 MT on May 1. The current wheat stocks will barely meet the requirements […]
Procurement of wheat at minimum support price (MSP) stood at 15.3 million tonnes (MT), down by more than 38% from the year-ago level. Amid a surge in exports and reports of a decline in production which have pushed mandi prices above the minimum support price (MSP), wheat procurement by the Food Corporation of India and […]
The Centre has procured 707.24 lakh tonnes of paddy at the minimum support price (MSP) in the ongoing 2021-22 marketing year so far. Over 96 lakh farmers across the country have benefitted from the procurement scheme, said Union Food Ministry. “Till now, about 96.41 lakh farmers have been benefited with an MSP value of Rs […]
Mandi prices of key kharif pulses and oilseeds — tur and soybean — continue to rule above their respective minimum support prices (MSPs), due to robust demand and farmers holding back stocks in anticipation of higher prices in the coming months. The average mandi prices of tur in Latur, Maharashtra was ruling at around Rs […]
The Indian Tea Association (ITA) said that there is a need for introduction of a minimum floor price for made teas and green-leaf benchmarked to quality. The floor price would account for production costs, ensuring a self-sustaining model for all producers, large and small. Tea prices are currently governed by demand and supply in the […]
In a major boost to farmers, finance minister Nirmala in her budget speech announced Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers in the Budget for FY22-23. “Procurement of wheat in Rabi season 2021-22 and the estimated procurement of paddy in Kharif season 2021-22 will give cover 1208 lakh […]
India’s agriculture ministry has procured 606.19 lakh tonnes of paddy in the ongoing 2021-22 marketing season so far, with maximum quantities being purchased from Punjab, the Union Food Ministry said. “Till now, about 77 lakh farmers have been benefited with the minimum support price (MSP) value of Rs 1,18,812.56 crore,” the ministry said in a […]
