Even as more than half of the winter crop (rabi crops) has been harvested, prices of most rabi crops have been ruling below their minimum support prices (MSPs). For the 2020-21 crop year (July-June), MSPs of rabi crops were raised between 2 and 6 per cent over the previous year. Chana prices were Rs 4,695 […]
Cane dues to be paid by sugar mills to farmers has risen by 19.27 per cent to Rs 22,900 crore till February of the 2020-21 season from the year-ago period, due to depressed sugar prices that have adversely affected the liquidity condition of mills, industry body ISMA said. To improve the revenue realization of mills […]
Sugar millers from Maharashtra are asking for subsidy of Rs 150 per quintal on domestic sale of sugar so that they are able to compete with mills from Uttar Pradesh. The decision was taken at a meeting of sugar millers and stakeholders called by Maharashtra deputy chief minister Ajit Pawar to discuss issues related to […]
Food Safety and Standards Authority of India (FSSAI), the food standard regulator, has banned blending of any kind of edible oil with mustard oil from June 8, 2021. Such a ban was earlier imposed from October 1 last year, only to be revoked in less than three months. In a notification issued earlier this month, […]
As the rabi harvests have started arriving in the mandis, chana growers have incurred a loss of Rs 140 crore in the first fortnight of this month due to the failure of the government to ensure the purchases of the key pulse crop at its minimum support price (MSP) of Rs 5,100 per quintal, claims […]
Haryana’s Deputy Chief Minister Dushyant Chautala said the state government has made all the arrangements at the mandi-level for the procurement of rabi crops at the minimum support price (MSP). The procurement of rabi crops will begin in two phases, he said. Chautala, who also holds the Food, Civil Supplies and Consumer Affairs Department, said […]
The Centre has fixed a target to purchase 42.73 million tonnes of wheat in the coming crop-marketing season that will start from April, which is 9.56 per cent more than the actual purchase of the previous year at 38.99 million tonnes. The fixed target was announced when farmers’ protests are still raging on around Delhi […]
The Cotton Corporation of India (CCI) has sold around 1.28 crore bales of 170 kg each to millers and traders in the 2020-21 season. In addition to domestic sales, the CCI has also sold 30,000 bales to Bangladesh last week, Pradeep Agrawal, CMD of the CCI, told Financial Express. “CCI has sold almost all stocks […]
Even as agitating farmers apprehend undermining of the MSP system, the government has stepped up procurement of crops. Paddy purchases by state run agencies, including FCI for the 2020-21 crop year, was up 17.6 per cent on year, or 91 per cent of the annual target as on February 4. The sharpest increase in procurement […]
Government-backed financing agency National Cooperative Development Corporation (NCDC), which works under the aegis of the Ministry of Agriculture providing assistance mainly to agriculture and allied sector cooperatives, is targeting a significant expansion in its financing portfolio in the coming years. Managing Director Sundeep Nayak told indoasiancommodities.com that the stage is set for a major facelift […]
