The EGoM has asked the food ministry to raise prices of rice and wheat sold to 18 crore families holding ration cards.
The fertiliser ministry is mooting a proposal to raise urea prices by 10%. This will help the government to reduce its annual subsidy burden by around Rs 2,000 crore.
India lags behind badly in world average yield of rice, cotton, pulses while in wheat it is close to the global benchmark.
The West Asian country has shown interest in importing wheat, which is likely to pace up India's wheat export that stands at around 6 lakh tonne.
Hit by loss of Rs 300 crore on fertiliser imports this year, IFFCO — India’s single largest importer of potash — may not enter the world market next fiscal.
Govt has initiated the process of exporting wheat to Iran. Iranian firms have sent wheat import enquiries to APEDA through the Indian embassy.
The government is readying steps to curb sugar companies in three states that sell the sweetner in excess of their fixed monthly quota by exploiting a legal loophole.
With international wheat companies Cargill, Louis Dreyfus, Olam India, Glencore, and Noble yet to lease godowns, traders and warehouse owners are worried about offtake.
This cluster is part of India's $5-billion credit line for Africa announced at the India-Africa Forum Summit last year.
The union agriculture ministry is gearing up to provide advance and accurate forecast of farm output in the kharif season.
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