Fertiliser companies plan to raise DAP, NPK and potash prices by up to 30% this kharif as the falling rupee makes import of these nutrients more expensive.
The government may take some more time to explore viable mechanism for wheat exports, said food minister KV Thomas, putting to rest market speculation.
The government will use inputs of the recently set up Mahalanobis National Crop Forecast Centre to prepare multiple in-season crop forecasts.
The government is gearing up to regulate the research and use of organisms and products of modern bio-technology.
Static levy of 10% had led to inventory pile-up with mills with government lifting 50% of its needs.
After clocking a record food grain production of over 252 million tonne in 2011-12, the govt now targets 250 million tonne of production in the crop year of 2012-13.
The union government has approved a central assistance of Rs 575 crore to Maharashtra towards drought relief works.
Govt may export 4-5 MT of wheat lying in FCI godowns in a bid to cope with the storage crisis, said a food ministry official.
CACP chairman feels that the hike in MSP is not inflationary & will encourage farmers to cultivate more oilseeds & pulses where the hike is maximum.
Wheat procurement has touched a new height of 29.61 million tonnes by the mid of May - more than 25% over last year's purchase of 23.6 million tonnes in the corresponding period.
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