A bumper rabi production should ease the pressure on household budgets. A sudden increase in temperatures had raised fears that the wheat crop may take a hit.
The move comes ahead of peak wheat arrivals in mandis while the tur crop has already been harvested.
Monsanto was seeking an injunction on the use of its technology after the termination of its agreement with Nuziveedu Seeds.
Tur and urad futures were banned in January 2007 owing to price volatility and irregularities, while chana was suspended last year after prices soared.
India is the world's biggest aggregate consumer of the sweetener and often imports the commodity when local output falls, to prevent prices from soaring.
The government may soon make a decision on allowing foreign-funded retailers to sell non-food items, the minister told reporters.
Traders said prices of the seed have risen 5-8% in the past fortnight Rs 3,400-3,800 per quintal as local and global millers placed fresh orders while inventories remained low.
While procurement has started in MP, it will soon begin in Rajasthan and Gujarat, followed by Punjab and Haryana from April 1.
In a notification issued on March 10, the ministry said status quo would also be maintained on the trait value (tech fee).
It opens opportunities for Canadian entrepreneurs to come to India to invest here, process food, and sell Canadian products," Canadian minister for Agriculture Lawrence MacAulay told ET.
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