Lockdown restrictions in several states and skeletal functioning of mandis have led to a lack of demand, resulting in stagnancy in the tur (arhar) prices in Maharashtra. Wholesale arhar prices are still on the higher side and are currently ruling at Rs 6,800 per quintal to Rs 7,000 per quintal in Latur, a key pulse […]
A day after Britain announced plans to raise its corporation tax on big companies to 25% from 19%, the first hike in nearly half a century, the Organisation for Economic Cooperation and Development (OECD) asked countries to avoid tax hikes to tackle the COVID-19 crisis. “Don’t raise your taxes to pay for COVID,” OECD head […]
With prices of pulses ruling below the minimum support price (MSP), the National Agricultural Cooperative Marketing Federation (NAFED) has decided to begin procurement from Maharashtra, Gujarat, Karnataka, Telangana and Andhra Pradesh, senior industry people said. NAFED has given a target of nearly 15 lakh tonnes to be procured from these states. Maharashtra has been given […]
The government has decided to extend the validity of licence for import of tur till December 31 this year. The Directorate General of Foreign Trade (DGFT) in a public notice said the cut-off date for ICLC (Irrevocable Commercial Letter of Credit ) for the import shall accordingly be December 1, 2020. It said eligible and […]
Despite a good Kharif harvest of Tur and Urad, the retail prices of these pulses have not only remained high as compared to last year, but has also skyrocketed suddenly. The all-India average retail price of Tur and Urad has increased by over 23 per cent and 39 per cent respectively, over last year. Several […]
India is likely to reap a bumper pulses crop despite crop damage due to heavy rains that has caused flooding and an outbreak of a fungal disease in parts of the country, Agriculture Commissioner S.K. Malhotra said. Speaking at a webinar of India Pulses and Grains Association on Friday, Malhotra said timely rains in June […]
The Indian Meteorology Department (IMD) has put to rest the fears of farmers in central and western regions of India who were worried about damage to crops due to excessive rains last month. After heavy rains in August and amid fears of another year of possible loss of crops like soyabean and tur in Madhya […]
Importers of pulses have urged the Centre to reduce import duty on masoor and tur, which are in short supply in the domestic market. The prices of these two lentils have shot up since the nationwide lockdown began on March 25 to prevent spread of Covid-19. Importers have asked the government to reduce import duty of 33 […]
The government has so far purchased around 1.34 lakh tonnes of pulses and nearly 30,000 tonnes of oilseeds from farmers worth Rs 785 crore during the ongoing marketing season of rabi (winter) crops. State-owned Food Corporation of India (FCI) and cooperative NAFED procured pulses and oilseeds at the minimum support price (MSP), on behalf of […]
In a major move that could bring down prices of pulses across the country, government has fixed a quota of import of 7 lakh tonne of pulses for the period April 1, 2020 to March 31, 2021. This includes 4 lakh tonne of tur, 1.5 lakh tonne each of moong and peas for the fiscal […]
