According to sources, the draft policy floated by the fertiliser ministry has got the nod of concerned ministries as well as the Planning Commission.
An IMG on inflation has recommended releasing sugar every six months instead of existing three months, with an enhanced allocation of 10 mn tonnes for free sale.
Rising wheat prices have finally forced government to consider releasing extra wheat in the grain-starved open market.
A late revival of the monsoon and better-than-average September rains may not have helped cover the summer acreage deficit.
The government has admitted that the IMD's statistical model has limitations and the forecasts have often gone wrong.
Monsoon has lingered on in the plains of north India instead of receding on the scheduled date for the 7th consecutive yr, triggering a debate on the change in rainfall pattern.
Hit by demand slump due to erratic monsoon, Iffco is exploring options to sell fertilisers in neighbouring countries.
While it has already shipped over 15,000 tonne of diammonium phosphate (DAP) to Nepal, Iffco has sought permission to export crop nutrients to Oman.
The food ministry, earlier this year, had proposed a 30% hike in levy sugar prices from Rs 13.5 a kg to Rs 17.5.
There would be some drop in the production of pulses and coarse cereals,” said Agriculture Secretary Ashish Bahuguna.
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