Centre to ensure tribals get MSP for produce
Tribal Cooperative Marketing Development Federation of India (Trifed) managing director Pravir Krishna said, “The pandemic has struck at a time when it is gathering time for MFP.
Govt approves expenditure of Rs 1,061 cr to reimburse losses on cotton sale under MSP
The Centre approved an additional expenditure of Rs 748.08 crore for Cotton Corporation of India and Maharashtra State Co-operative Cotton Growers Marketing Federation towards reimbursement of losses on sale of cotton procured under MSP operations during cotton years 2014-15 and 2015-16.
Govt hikes milling copra MSP by Rs 439/qtl; ball copra MSP by Rs 380/qtl
This will accrue a benefit of Rs 439/- per quintal in the milling copra and Rs 380/- increase in the ball copra.
Chana prices may fall another 10% after plunging 20% below MSP
“Chana should trade lower as arrivals gather pace. Demand is very poor,”
Amarinder Singh to meet PM, seek review of MSP policy
Briefing the MPs on the status of the SYL case, the Chief Minister asked the MPs to push for amendment to Proviso of Section 12 of the Inter-State River Water Disputes (Amendment) Bill 2019, to protect Punjab’s water resources.
States look at late rabi crop marketing to contain Covid-19
In Haryana, preparations are being made to delay wheat procurement to April 20 and the state has prepared a staggered procurement schedule. “The aim is to make crop arrival steady and cut gluts in mandis,” said a Haryana government official.
Govt exempts procurement agencies, mandis, farming operations, farm workers from lockdown rules
The directive comes in the wake of farmers facing problems in harvesting their rabi crops and bringing them to the mandis in the wake of a nationwide lockdown to contain spread of coronavirus. Harvesting of rabi (winter) crops such as wheat, mustard, corn and pulses has begun in some places and will pick up in the coming months.
Tur and chana prices rule 15% to 20% below MSP, expected to decline further
Traders said only strong government procurement operations can help tame a further fall in prices.
Wholesale sugar prices rise 4.3% in Q1 of season 2019-20: ICRA
Indian sugar prices have increased by 4.3 per cent y-o-y in the first quarter of sugar season.
Ministry wants update on grain procurement
The food ministry has directed the states to regularly update data on the purchase of foodgrains and money disbursement to farmers along with their names for better transparency and record maintenance at micro level. The aim is to benefit all the farmers mainly belonging to scheduled caste or tribe.
Record paddy procurement on cards due to higher MSP, headwinds in exports
Paddy procurement in the current kharif marketing season till Thursday was 1.4 million tonnes higher than a year ago. As much as 23.5 million tonnes of paddy have been procured in the current season in Punjab, Haryana and Uttar Pradesh. The procurement is yet to gather pace in Andhra Pradesh, Telangana and Chhattisgarh, where harvest begins after mid-November.
Procurement of wheat may be delayed
The procurement process officially commences on April 1 in Northern states as farmers sell their cereal produce in designated mandis to the government agencies at minimum support price (MSP) in these states.
Export of oilmeals drops by 79% in December 2019: SEA
The export of oilmeals during December 2019 declined by 79 per cent to 67,562 tons.
Rahul promises Rs 2 lakh loan waiver,Rs 2,500 MSP for paddy if opposition alliance voted to power
Addressing a poll meeting in Rajmahal in support of JMM candidate Ketubbudin Sheikh, Gandhi said farmers would receive a minimum support price (MSP) of Rs 2,500 for every quintal of paddy, if the Cong-JMM-RJD coalition wins majority.
Higher wholesale prices, strong reservoir levels to help farmers in FY20
The central government's spending on the rural sector has increased 21% in the first seven months of fiscal 2020, the fastest growth in 11 years. All these factors, the unusually strong water reservoir levels and pick-up in rabi crop sowing activity, are initial signs pointing toward the rural sector bottoming out, Motilal Oswal says.
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