NAFED to procure 20 lakh tonnes each of pulses, oilseeds at MSP

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 […]

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India’s National Stock Exchange (NSE) to launch eight new agri-commodity contracts

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 […]

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India’s second advance estimate pegs 2018/19 foodgrains output at 281.37 million tonnes

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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 […]

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India’s wheat plantation acreage surge in rabi season 2018-19; rice, pulses, oilseeds decline

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 […]

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US, Canada accuse India of misreporting Minimum Support Price on pulses at WTO

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 […]

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India’s foodgrain production, procurement may hit record high in FY19

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 […]

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NAFED and FCI Oilseeds, Pulses procurement at extreme slow pace

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. […]

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