India’s foodgrain production will rise 1.2% on year to a new record of 314.51 million tonnes (MT) for the 2021-22 crop year (July-June), according to the third advance estimate released by the agriculture ministry. In the second advance estimate released in February, the production was seen at 316.06 MT. Wheat production estimate for the current […]
The overall sowing under summer crops in India has reached 71.88 lakh hectares (lh) in the first week of May. It’s up by 4.4 per cent from 68.84 lh in the same period last year. According to the data released by the Union Agriculture Ministry, the area under pulses has increased by 18.4 per cent […]
Retail food inflation rose to 7.47% in March, exceeding the headline inflation rate after many months. Consequently, a clutch of items like potato, tomato, brinjal, chicken and wheat have seen the sharpest price increases. Inflation in prices of chicken rose by more than 20.74% in March 2022, while the overall food inflation in the meat […]
To boost domestic supplies of lentils (masoor) and ensure that its retail prices do not spiral out of control, India will enter into agreements with Russia and Kazakhstan for imports of the key pulses variety under long-term contracts. The memorandums of understanding (MoUs) would facilitate imports of lentils by private traders. Similar arrangements are also […]
Niti Aayog CEO Amitabh Kant has said that the futures market can be beneficial for farmers and can help them get higher price realisations. It can also hedge against price volatility since prices of major pulses often crash below the government fixed minimum support price (MSP). Just as millers, wholesalers and retailers are able to […]
Easing of import policy on pulses has resulted in record import of tur (arhar) dal. More than five lakh tonne of tur dal has been imported till December 31, 2021. The total imports are likely to cross 6.5 lakh tonnes by March-end as against 4.42 lakh tonne in 2020-21. This has resulted in stabilization of […]
The government said in Rajya Sabha that during the April-October period this fiscal, the US has once again emerged as the largest trading partner of India with bilateral merchandise trade of $ 67.41 billion. The US has been the largest trading partner of India with respect to merchandise trade since 2018-19, except in 2020-21, when […]
Area sown to wheat, the main rabi crop, rose by 3.36 per cent to 138.35 lakh hectare so far in the current rabi season from 133.84 lakh hectare in the year-ago period, according to the agriculture ministry. Rabi sowing begins from October while harvesting starts from March onwards. Besides wheat, gram and mustard are the […]
The government said retail prices of pulses have substantially stabilised in the last five months, with rates of gram, tur, urad and moong either declining or remaining stable compared to the last year, on the back of its various measures to boost imports and check hoarding. The CPI inflation for pulses has also seen a […]
Despite no announcement coming from the Centre on the extension of stock limits of pulses, prices have remained more or less stable in most markets across the country. Millers, traders, stockists and processors have decided to withhold buying decisions despite the festive season. The government had implemented a stock limit on pulses under the Essential […]
