Guar prices are inching up following speculation that the commodity would be relisted on the futures market.
"This will be a more transparent process for selling wheat. We will get better prices. There would not be any consultancy in the open tender process that we follow now," said FCI.
The government may soon lift the six-month-old ban on guar seed futures after an advisory panel on Tuesday recommended resumption of trading for better price discovery.
The government is planning to revamp its existing schemes of food parks to promote food processing industries in the country.
FMC may permit resumption of futures trading in guar seed and gum after a 45-member advisory panel meets on Tuesday to thrash out contentious issues.
Agriculture ministry is looking at ways to incentivise farmers and encourage them for record output this year also.
The Government has approved a marginal hike in urea prices by Rs 50 per tonne increasing the prices from Rs 5310 a tonne to Rs 5360.
Incidentally, the water table is going down by roughly 33 cm every year in Punjab, the cradle of the green revolution in the seventies.
"Farmers' suicide is a serious issue. But there has been decline over last few years due to improved farm income," Sharad Pawar said.
Scientists feel that cultivation of rice, which requires good amount of water could be shifted to eastern states having favourable conditions.
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