FCI, others procure 151.17 lakh tonnes of paddy at MSP for Rs 28,543 crore so far

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State-owned FCI and state procurement agencies have bought 21 per cent more paddy so far in the kharif marketing season of this year at 151.17 lakh tonnes amounting to Rs 28,543 crore. Paddy procurement for kharif 2020-21 is progressing smoothly in Punjab, Haryana, Uttar Pradesh, Tamil Nadu and Kerala with purchase of over 151.17 lakh […]

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MahaFPC crosses Rs 500 crore procurement of pulses in Maharashtra

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MAHA Farmers Producer Co (MahaFPC), which is a federation of 303 farmer producer companies in Maharashtra, has announced that it has been successful in procuring pulses and lentils from farmers worth Rs. 500 crore under the Government Price Support Scheme (PSS), despite the Covid pandemic. The federation has been active in procurement of agri-commodities, especially […]

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Distribution of free pulses under key government scheme in three Indian states lag behind other states

Bihar, Madhya Pradesh, Maharashtra, and West Bengal are among the states that have fallen behind in distributing their April quota of free pulses under the Prime Minister’s Garib Kalyan package, even though two months have lapsed since the scheme came into force, according to a report in Business Standard. Overall, states have managed to distribute less than […]

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India says increasing minimum buying price for summer crops by up to 50 percent

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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 […]

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