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 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 […]
In order to ensure adequate supplies of pulses, the Centre has issued a notification extending the imports period for tur, moong and urad up to 31 December, 2021. Import consignments of these items with the Bill of Landing issued on or before December 31, 2021, will be allowed by the Customs till 31 January, 2022. […]
India’s Cabinet Committee on Economic Affairs has approved the increase in the minimum support prices (MSPs) for all mandated kharif crops for marketing season 2021-22, a government statement said. It said the highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs. 452 per quintal) followed by tur and urad […]
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 […]
