MSP IN INDIA
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.
Fertiliser subsidy arrear at Rs 33,691 crore, may touch Rs 60K cr by March: FAI
Out of this, Rs 20,853 crore is under DBT (Direct Benefit Tra...
India's wettest monsoon in 25 years could lift 2020 wheat output to record
The country received monsoon rains during the June-September seaso...
Cotton takes support at MSP as arrivals pick up
Cotton prices are not expected to spike from current price levels.
Cotton prices likely to fall further: Ind-Ra
There is a moderate recovery in apparel exports with the demand stabilising from the US.
Sugar firms' margins to benefit from higher realisations: Ind-Ra
Median interest coverage of major sector remained comfortable at 2.6x, although it fell YoY from 3.2x in 1QFY19.
Cotton procurement by traders and government agency to gather pace from December
The initial arrivals this year have not been good due to extended rains across Maharashtra, Gujarat, Telangana and parts of Rajasthan that affected the quality of the fibre. Traders said the quality has improved now in the North, but in western India, the crop was with high moisture content.
Low inflation a self-inflicted policy wound
Once the NBFC crisis dried up the financing sources, consumption fell precipitously.
No extension for pulses imports beyond october 31; tur imports to halve
Importers had requested that the government extend the last date, now set end-October.
Cotton prices likely to fall below MSP
Along with slow yarn exports, a rise in cotton imports too weighed on cotton prices.
CCI looks to buy 10 million bales of cotton in 2019-2020
Prices are above the MSP at Rs 5,900 per quintal in north India.
Modi govt does not understand pain of people: Rahul Gandhi
"Who were standing in queue when demonetisation took place? Not a single industrialist was standing. Common people, poor and tribals were standing in queue. 'Gabbar Singh Tax' (GST) was implemented as funds were generated from small traders and all money of demonetisation and GST went to only 15 industrialists who are friends of Modi," said Rahul Gandhi
World faced with challenging time but India stronger now: PM Modi
In an apparent jibe at the Congress, PM Modi said "divisive politics" has now become history in the state.
Rice exports to squeeze due to MSP, scanty rains
To supplement farm income, the National Democratic Alliance (NDA) increased paddy procurement price by 13 per cent in 2018 and this year.
Huge stocks keep pulses in check
The traders said that tur prices fell by 8 per cent in Mumbai’s wholesale mandi to Rs 48.50 per kg.
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