Wheat procurement touches 30.1 MT till date
The Dollar Business Bureau The country is looking at good wheat output this year. Wheat procurement is generally done during April to March wheat marketing year. But this year procurement of wheat was taken up a month earlier by the Food Corporation of India. Till now about 30.1 MT of wheat has been procured by the FCI and other state agencies in the ongoing rabi marketing season of 2017-18. This is far beyond last year's total purchase of 22.9 MT of wheat. Wheat is procured from the farmers at a minimum support price which is now Rs 1625/quintal a marginal increase of Rs 100/quintal from the price offered last year. The government buys wheat from the farmers at the MSP rate specified to ...
No role of middlemen in wheat procurement: Adityanath
PTI Ruling out any role of middlemen in wheat procurement, Uttar Pradesh Chief Minister Yogi Adityanath today asked peoples' representatives to help in monitoring wheat purchase centres which will go functional in the state from April 1, 2017. "The Chief Minister has desired that MLAs and MPs help in monitoring of working at purchase centres and provide feedback on implementation of government orders in this regard," an official spokesman said. Cautioning that no one would be allowed to play with the interests of farmers, he has warned of stern action in case of laxity in any of the purchase centres. Pointing out that arrangements have been made to procure wheat directly from farmers, Adityanath said unlike the previous ...
Govt imposes 10% import duty on tur dal, wheat
The Dollar Business BureauThe government has imposed a 10% import duty on imports of tur or arhar pulse (pigeon pea) and wheat with immediate effect. The decision was taken to protect the domestic farmers’ interests after the prices of pulses fell below the minimum support price (MSP) across various pulses producing states. The government expects bumper production of ravi crop, especially pulses and wheat this year on the back of normal monsoon season last year. This restrictive measure will control a further fall in the wholesale prices of tur dal and wheat and thus provide better MSP to farmers during ongoing procurement drive. The good production of tur dal during last kharif (summer) season had resulted into a fall in wholesale prices. Since the ...
Tur dal is being sold below MSP in 3 states, expected to slump further
The Dollar Business Bureau After a record surge last year, tur dal prices have witnessed a sudden slump in the wholesale market this year, falling considerably below the Minimum Support Prices (MSP) level. Tur dal prices came down to Rs.4500 per quintal, as it has fallen by more than half in the last quarter alone. In addition to the bumper crop of the commodity last year, supported by the Government’s demonetisation drive, the prices have crashed to a record level. The major tur dal producing countries including Karnataka, Maharashtra and Gujarat had a good crop year in 2016. In Karnataka, the total production is projected to touch 20-25 lakh metric tonnes compared to 12.50 lakh metric tonnes last year. Wholesale prices in the country’s main tur ...
Govt procures 3273 tons of moong at MSP and bonus rate
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 ...
Paswan sees bumper pulse output this year, warns hoarders
PTI The country will see a bumper pulse production this year leading to a fall in prices and hoarders will not stand to benefit, Food Minister Ram Vilas Paswan on Thursday said as he asked them to offload their stocks. Singling out hoarders and blackmarketeers for the sharp rise in retail prices of pulses, he felt that the states did not take stringent action against them. "The country will have a bumper production of pulses this year and hoarders will not get anything," Paswan said on the sidelines of an event here. "If hoarders are thinking that they will sell pulses at higher rate, then forget it. They should sell their stocks in the open market as production will be high this ...
India's pulses import jumps 50% to Rs.25,500 cr in FY16
The Dollar Business Bureau India’s imports of pulses increased by 50 percent in terms of value to Rs.25,691 crore in the last fiscal of 2015-16, with imports totaling 5.8 million tonnes. India imported 4.58 million tonnes of the major kitchen staple amounting to Rs.17,063 crore, said S S Ahluwalia, Minister of State for Agriculture in a written response to the Upper House. He said, that the country has a buffer stock of 69,000 tonnes of pulses at the closing of the month of July 2016. Stating the reasons for the decrease in the output of pulses, the minister said, the output of pulses dropped to 17.06 million tonnes in crop year (July-June) 2015-16 compared to 17.15 million tonnes in the preceding year ...
Govt. hikes MSP for pulses to boost production
The Dollar Business Bureau The government on Wednesday hiked the minimum support price (MSP) of pulses by up to Rs. 425 per quintal for the year 2016-17 to boost domestic production and check price rise.It has also announced a bonus on the cultivation of pulses and oilseeds, payable over and above the agreed MSP, in order to incentivise the cultivation of these items.The decision to raise MSP was taken after Commission for Agricultural Costs and Prices (CACP), which considers the production cost, domestic and international prices, overall demand and supply, inter-crop price parity, effect of the price policy on economy, and terms of trade between agricultural and non-agricultural sectors, came out with the MSP recommendation for kharif crops 2016-17. Other factors, ...
