Despite concerns over production, the government set the estimated amount of rice it will purchase for the central pool at 518 lakh tonnes (LT), an increase of 1.60 percent from the previous year. In a meeting presided over by Union Food Secretary Sudhanshu Pandey here, the estimates were finalized following discussions with state food secretaries…
Maize (corn) exports from India have dropped to a trickle as high domestic prices have made its shipments uncompetitive in the global market. “Brazil is shipping to stations, such as Vietnam, at a very competitive price of $320 a tonne cost and shipment. But, over here, domestic prices are ruling higher, making exports unfeasible,” said…
The Union Cabinet on Wednesday approved 4% to 9% increase in the Minimum Support Prices (MSPs) of kharif crops for the 2022-23 crop year (July-June) with sowing just starting on the onset of the monsoon. The benchmark rates have been fixed to increase farmers’ income as the guiding principle of 50% profit over cost has…
Central government may announce increases in minimum support prices (MSP) for the summer crops in 2022-23 year soon, taking into consideration a sharp rise in costs of farming inputs. The MSP increases this year could roughly be in the range of 5-20%, the highest since 2018-19 when a new policy of 50% profits over computed…
The comments come on the heels of talks in the global market that after banning wheat exports and limiting sugar shipments, the Indian government could next target Non-Basmati rice. The Indian government has no plans to ban rice (Non-Basmati) exports or announce any curbs on its shipments, two officials involved in the decision making have…
India’s rice exports would continue to see strong growth in this fiscal year(2022-23) after a record shipment of about 20 million tonne (MT) of grain worth more than $ 9.6 billion in past fiscal year(2021-22). The expectation of a ‘usual’ monsoon rains this year is expected to give a improve to rice production which is…
The Central government begun purchasing onions from Maharashtra, Gujarat and Madhya Pradesh to create a barrier stock to tackle any rise in prices latest during the year through the National Agricultural Cooperative Marketing Federation(NAFED). NAFED has set a target of purchasing around 250,000 tonnes in this year, the bulk of which will be purchased from…
