India’s central government’s National Agricultural Cooperative Marketing Federation (NAFED) is planning to buy 20 lakh tonne of mustard and 15-20 lakh tonne of pulses in the ongoing rabi (winter-sown) harvesting season at the minimum support price (MSP). NAFED will buy pulses and oilseeds on behalf of the government to provide MSP to farmers. The co-operative […]
India has issued a combined 650,000 tonne import quota for pulses for the fiscal year to March 2020, Reuters reported citing a government order, allowing overseas purchases of protein-rich pulse varieties. Two straight years of drought pushed up pulse prices in 2015 and forced New Delhi to allow duty-free imports. But record imports of 6.6 […]
The National Stock Exchange is set to launch futures contracts in the S&P 500 Index on its platform, which will enable Indian investors to take exposure to the most-actively traded futures contract in the world. NSE plans to enter trading in agricultural commodities with eight new contracts that are not currently traded on any other […]
The second advance estimate of key crops released by the government pegs India’s total foodgrains production in 2018/19 at 281.37 million tonnes. According to a government statement, foodgrains production is higher by 3.89 million tonnes than 277.49 million tonnes in 2nd Advance Estimates of 2017-18. Further, the production during 2018-19 is higher by 15.63 million tonnes than […]
According to the latest official data from the ministry of agriculture, wheat sown in India reached 298.47 lakh hectare so far in the rabi season 2018-19 as against 299.84 lakh hectare a year ago. Sowing of wheat, the main rabi crop, begins from October and harvesting from March-April. However, sowing of rice, pulses, coarse cereals and oilseeds […]
US and Canada have accused India at the World Trade Organization (WTO) of “dramatic under-reporting” of market price support for pulses. The five pulses under scrutiny are Chickpeas, Pigeon Peas, Black matpe, Mung beans, and Lentils. Both countries have submitted their own steeper calculations for inspection of members. India’s market price support for the five […]
India’s foodgrain production is estimated to grow to an all-time high of 284.83 million tonnes in the 2017-18 crop year ending June, driven by record output in wheat, rice, coarse cereals and pulses after a normal monsoon, according to the Agriculture Ministry. “As per the fourth advance estimates on September 26, 2018, wheat production is […]
For procurement of pulses under the price support scheme (PSS) government agencies have spent more than Rs 15,034 crore so far in 2018-19, and this is 43 per cent more than what they spent in the previous year. As per provisional data provided by the Government, India has so far imported 1.31 million tonnes of […]
Retail inflation dropped to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables and pulses. Retail inflation, which is calculated on the consumer price index (CPI), for October this year has been revised slightly up at 3.38 per cent from 3.31 per cent […]
Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), which have a target to procure 33 lakh tonnes of oilseeds and pulses under the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) in the 2018-19 marketing season ending March, have only been able to procure 3.75 lakh tonnes so far. […]