Search Result for : Food Corporation Of India Fci

The Dollar Business Bureau  The Government of India is considering levying duty on wheat imports in order to safeguard the farmers amid the predictions of a record production this year, the Agriculture Secretary Shobhana K Pattanayak said on Wednesday. On December 8th last year, the government had reduced the customs duty on the imports of wheat to nil from 10% in order to boost availability of the grain in the domestic market and to check the retail prices. With the country now set to have a record output of 96.64 million tonnes of wheat in the current crop year of 2016-17 (July-June), there are apprehensions that the prices will come under pressure when the new crop reaches the market. “Whether to propose import duty ...

The Dollar Business Bureau The Government has procured 3,273 tonnes of moong from farmers at the minimum support price (MSP) and bonus rate to protect their interest. "Since the start of arrival of new crop in the market, the Government agencies have procured 3273.16 MT Moong as on Sept 19, 2016 benefiting 330 farmers," said the food ministry in a statement. The Government agencies –Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and Small Farmers' Agribusiness Consortium (SFAC) have established about 200 procurement centres to procure Moong from farmers at (MSP) i.e Rs. 4,800 and bonus Rs. 425 during kharif 2016-17 season. Usually the kharif season begins from October. However, the new moong crop has already hit ...

The Dollar Business Bureau Counting heavily on this year’s good monsoon, Finance Minister Arun Jaitley said Thursday Indian economy is expected to remain fastest growing major economy for the current year. “For the last two years, we were the fastest growing economy in the world. I hope this year we will retain that position,” Jaitely said, responding to a debate in the Lok Sabha. Refuting apprehensions with respect to CSO (Central Statistics Data) data on the country’s GDP growth numbers, the finance minister said the IMF, the world’s most credible international institution, has acknowledge the GDP growth data. India recorded a GDP growth rate of 7.2% in 2014-15 and 7.6% in 2015-16. The finance minister expressed confidence over the country’s 2016-17 growth numbers on the back of ...

Pooja Jain On the back of lower output of grains, the procurement of wheat has declined by 18%. About 22.9 million tonnes has been collected so far for FY2016-17 due to lower output even as the forecasted estimates were high and the process of purchase is at its culmination stage. The bulk procurement is usually completed between April- June. State-run Food and Corporation of India (FCI), which is responsible to procure and distribute the foodgrains, had purchased 28 million tonnes of wheat in FY 2016 marketing year. Reaffirming FCI’s stance that there will be no shortage of wheat in the country, Maher Singh, Deputy General Manager, (Contract, Procurement, Commercial & Control Room), stated that Punjab being the second largest wheat producing state in ...

The Dollar Business Bureau  The Government of India has ordered an import of 12,500 MT of pulses to create a buffer stock, Ministry of Consumer Affairs, Food & Public Distribution said in a statement on Tuesday.  The buffer stock included 10,000 MT of masoor dal (split red lentil) and 2,500 MT urad dal (split black gram). India has already imported 14,321 MT of pulses till now out of the total import quantity of 38,500 MT, through government agencies. As on Monday the Indian government has procured 64,000 MT of rabi pulses. With the earlier procurement of 51,000 MT during the kharif season, the country has procured in total 1,15,000 MT pulses this year, the ministry informed during the review of prices of ...

The Dollar Business Bureau The flour mills in India have signed deals to buy 5 lakh tonnes of wheat from France and Australia, for delivery between July-September, in the wake of a possible shortfall in domestic production, due to severe drought. Last year alone, private flour mills had imported around 5 lakh tonnes of wheat from Australia; huge import for the first time in the last 10 years because of slow supply of high protein wheat from local markets and lower global prices.  According to some traders, India is expected to import wheat, somewhere between 3 and 5 million tonnes, and the imports duty will reduce by 25%. The traders also said that flour millers have contracted about 350,000 tonnes of wheat from Australia ...

Source: PTI Wheat arrival in Haryana reached 20,45,856 tonnes in the ongoing rabi marketing season. Out of total arrival, 20,45,665 tonnes of wheat has been purchased by the government procurement agencies at Minimum Support Price, said a spokesman of the Food and Supplies Department. Giving details of the wheat procured by government agencies, he said 5,97,847 tonnes of wheat has been procured by Food and Supplies Department, whereas HAFED has procured 6,14,379 tonnes of wheat. He said Food Corporation of India has purchased 2,39,290 tones of wheat, Haryana Agro Industries Corporation 1,71,299 tonnes and 4,22,850 tonnes of wheat has been procured by Haryana Warehousing Corporation. He said that apart from this, 191 tonnes of wheat has been procured by traders.

APPENDIX- 2 J List of State Trading Enterprises (STEs) forFTP Purpose S. N STATE-TRADING ENTERPRIESES 1. Food Corporation of India(FCI) 2. State Trading Corporation (STC) 3. Indian Oil corporation (IOC) 4. Bharat Petroleum Corporation Ltd. (BPCL) 5. Hindustan Petroleum Corporation Ltd. (HPCL) 6. Oiland Natural Gas Corporation Ltd.(ONGC) 7. Minerals and Metals Trading Corporation (MMTC) 8 Indian Potash Ltd. (IPL) 9. National DairyDevelopmentBoard (NDDB) 10. National Cooperative Dairy Federation(NCDF) 11. National Agriculture Cooperative Marketing Federation of India Ltd (NAFED) 12. Projects and Equipment Cooperation of India Ltd.(PEC) 13. Spices Trading Corporation Limited (STCL) 14. Central Warehousing Corporation (CWC)