Except for pulses, mandi prices of most agri food items above new minimum support prices

Mandi prices of several agricultural commodities for which the government has just announced a 5-9% increase in minimum support prices (MSPs) for the 2022-23 season are currently ruling above the MSP. Only the prices of pulses have been subdued, ruling below the benchmark price. Mandi prices of oilseeds, especially soyabean, whose MSP was hiked 9% […]

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Global 2022/23 wheat production lowered on smaller crops in India, EU; rice output seen higher

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Global wheat production is down this month primarily on smaller crops in India and the European Union, only partially offset by an increase for Russia, the U.S. Department of Agriculture said in its latest monthly report. It also lowered global consumption forecast and said ending stocks were also being revised down mostly on lower supplies […]

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India’s food grain output estimated at record 314 million tonnes for 2021-22 crop year (July-June)

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 […]

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Vegetable oil and maize pull down global food commodity prices in April – FAO

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World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 158.5 points in April 2022, down 0.8 percent from the all-time high reached […]

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India’s non-basmati rice exports triple in three years

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India’s exports of non-basmati rice touched $6.11 billion in the 2021-22 financial year (April-May), tripling in three years from $2.01 billion in the 2019-20 financial years, becoming the top foreign exchange earner among all commodity exports, a government statement said. According to trade data, India exported rice to over 150 countries, the statement said, adding […]

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India sets foodgrain output target at record 328 million tonnes for 2022-23 crop year, 3.8% higher than last year’s output

The government has set the foodgrain production target at a record level of 328 million tonnes for the 2022-23 crop year on the back of good monsoon rains. The target is 3.8 per cent higher than previous year’s output. As per the second advance estimate of the agriculture ministry, foodgrains production is estimated to be […]

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