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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India estimates 2019-20 kharif crop output at 140.57 million tonnes

India’s food grains production during the rainfed Kharif season (2019-20) is estimated at 140.57 million tonnes – 0.8 per cent down from the total output estimated in 2018-19 Kharif. However, it is 6.38 per cent more than average foodgrain production of previous five years’ (2013-14 to 2017-18). As per the first advance estimate released by […]

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India’s foodgrains production almost flat at 284.95 million tonnes in 2018-19: Government of India

India’s foodgrains production is almost flat at 284.95 million tonnes in 2018-19 crop year due to fall in pulses and coarse cereals output even as the country harvested record rice as well as wheat crops, according to the Fourth Advance Estimates of Production of Foodgrains for 2018-19 released by the Ministry of Agriculture & Farmers’ […]

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India’s wholesale inflation rises to 2.93% in February 2019

Inflation based on wholesale prices rose to 2.93% in February over the previous month due to hardening of prices of primary articles, fuel and power, according to latest government data. According to India’s commerce ministry’s latest release, the price of betel leaves, maize, arhar, bajra, barley, jowar, poultry chicken, moong, masur, wheat, paddy, urad, pork, […]

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