Search Result for : Potato

The Dollar Business Bureau The government has allowed the supply of over 23 crores of eggs and 122.23 MT of pulses to Maldives for 2017-18 without any restrictions or prohibition for export, under bilateral trade agreement between Government of India and Government of Maldives during the period 2017-18 w.e.f. April, 2017. A notification No.20/2015-2020 to the effect has been issued by the DGFT on August 14, 2017, mentioning that this decision is effective from April, 2017. It should be recollected that earlier in June the Indian government had agreed to allow the export of 11714.45 MT of potato, 19466.36 MT of onion, 67640.24 MT of rice, 59442.17 MT of wheat flour and 11706.30 MT of sugar for FY of 2017-18 to Maldives. These ...

The Dollar Business Bureau The trade policy of India on agriculture has a pro-customer prejudice which indirectly taxes farmers by putting export curbs on different crops, according to a study. The domestic prices of major agricultural items were below that of export prices in most of the years during the period 2004-2014, a joint study by The World Bank and Indian Council for Research on International Economic Relations (ICRIER) on Tuesday revealed. Policy makers have used preventive trade policies to maintain the domestic prices low in most of the years, the study found after an analysis of domestic prices deviation from global prices. The study on ‘Price Distortions in Indian Agriculture’, analysed global and domestic prices of 15 agri commodities for a 10-year period between ...

The Dollar Business Bureau Inflation based on Wholesale price index (WPI) fell to 0.90% in June, lowest in eight months as the prices of food commodities and manufactured goods declined. Inflation was 2.17% in May 2017 and (-) 0.09% in June last year, according to the official data released by the Commerce Ministry on Friday. “Build up inflation rate in the financial year so far was -0.44% compared to 3.71% in the corresponding period of the previous year, it said. The prices of major food items such as vegetables, potatoes and pulses witnessed a sharp decline in the month. The prices of potato, pulses and vegetables dropped by 47.32%, 25.47% and 21.16%, respectively. The sharp decline in food items prices last month could be due to the agitation by ...

Sourced from Press Information Bureau The Department of Agriculture, Cooperation and Farmers Welfare has released the Second Advance Estimates of Area and Production of Horticulture Crops for 2016-17. These estimates are based on the information received from different State/UTs in the country. The production of horticulture crops in the country during 2016-17 is estimated to be more than 295 million tonnes which 3.2 % higher as compared to the previous year’s 2015-16 estimates. The area under horticulture crops has increased from 245 lakh ha to 249 lakh ha in 2016-17 recording an increase of 1.9% over previous year.  Fruits production during the current year is estimated to be 93 million tonnes which  2.9% higher than the previous year.  Production of vegetables is estimated to be around 175 million tonnes which  3.5% higher than the ...

The Dollar Business Bureau India’s potato output is projected to be around 47 million tonnes in the current year, just a level below of all-time high recorded in 2014. The potato production was 43.4 million tonnes in the crop year 2015-16 (July-June), whereas the previous record was 48 million tonnes witnessed in 2014-15. “Looking at the crop condition and arrival in mandis, I feel the overall output will be close to record levels. Potato output would be around 47 million tonnes this year,” A K Singh, Managing Director, National Horticulture Board (NHB) told PTI. At first, NHB had estimated the production at 43.88 million tonnes this year. However, this will be reviewed after evaluating the arrival, Singh said. He further said that overall area under ...

PTI In an effort to end the miseries of potato growers in Uttar Pradesh, the state government today decided to purchase one lakh metric tonnes of potato from farmers at Rs 487 per quintal. "Government aims at giving adequate price to potato growers, if we cannot give them profit, we want to give them price of their produce," Cabinet minister Shrikant Sharma told reporters after a meeting of the state cabinet. There have been reports that the potato farmers in the state were unable to get a proper price for their produce because of the presence of intermediaries. Services of four agencies including a central and state agency will be availed of for purchase of potato, he said. ...

The Dollar Business Bureau The prices of potatoes have shot off the roof in most parts of India for the past couple of months. Though farmers are now getting almost double the price per kilogram, yet they suffer a loss as what they earn is much below the cost of production. The buyers, however,  are having to pay through their nose. This is partly due to the heavy rains that damaged the crops in the leading potato-growing states of India- Odisha, Assam, Bihar and Jharkhand. The demand for potatoes is being met with the supply of old stock. The Government did not take any steps to check the price rise during the price peak months of October and November However, the Ministry of ...

Dated on 20 February, 2015 | Notification No. 112 (RE-2013)/2009-2014 | In exercise of the powers conferred by Section 5 of the Foreign Trade (Development& Regulation) Act, 1992 (No.22 of 1992), as amended, read with Para 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in Notification No. 85(RE-2013)/2009-2014 dated 26th June, 2014 relating to export of potato: 2. With immediate effect, the table in para 2 of Notification No. 85(RE-2013)/2009-2014 dated 26th June, 2014 is substituted as follows: 3. Effect of this notification: Minimum Export Price (MEP) on export of Potato has been removed. (Pravir Kumar) Director General of Foreign Trade (Issued from F.No.01/91/180/82/AM 15/Export Cell)   Source: DGFT Original release