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 […]
The Cotton Corporation of India (CCI) has procured a record 92 lakh bales (of 170 kgs each) from cotton growing regions across the country on Wednesday, according to P Alli Rani, CMD, CCI. This is a global record of procurement by any single agency. The total procurement by CCI is valued at around Rs 25,000 […]
A NITI Aayog task force (TF) has recommended a one-time increase in minimum selling price (MSP) for sugar to Rs 33/kg (from Rs 31) to unburden mills, capping of farmer’s land use for sugarcane at 85 per cent of total holding, a cess of Rs 50 per quintal (excluding exports) and cash incentive of Rs […]
West Bengal will procure 22 lakh tonnes of paddy from May 1 onwards, which will ease supply of rice in the market that was constrained in the wake of lockdown due to Covid-19. The procurement would be a mix of rabi and kharif at a minimum support price (MSP) of Rs 1,855 per quintal since […]
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, […]
The Cotton Corporation of India (CCI) has resumed procurement of the cotton. It has bought around 25,000 quintal of cotton from farmers in the last 10 days, top officials of the corporation said. CCI chairperson and managing director P Alli Rani said that the quantum of procurement has not been much due to the lockdown […]
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 […]
The Haryana government has decided to give bonus to farmers due to delay in procurement of rabi crops due to coronavirus pandemic. From May 6 to May 31, the state government has decided to give a bonus at the rate of Rs 50 per quintal to the farmers. From June 1 to June 30, the […]
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 […]
Cotton Corporation of India (CCI) has purchased 10,000 bales over the last few days for its commercial account due to low prices, said P Alli Rani, chairman cum managing director, CCI to the Financial Express. “There has been a marginal increase in buying for the commercial account, but we are hard pressed for people because […]
