Blame stubborn procurement policy as the root of all evil. With the government sitting on heaps of foodgrain and with an acute shortage of quality storage facilities, analysts, some within the government, suggest exporting foodgrain and reviewing procurement policy. The suggestion is gaining ground among advisors and experts, given the current global situation, where wheat prices are on the rise on fears of subdued production in drought-hit countries like Russia, Uzbekistan and...

A large number of cotton farmers from across Gujarat are expected to come to Rajkot on Friday to protest against the central government's cotton export policy. Maha Gujarat Agricotton Producer Company Limited (MGAPCL), a co-operative cotton marketing firm owned by farmers, has organised a farmers' gathering at Rajkot for protesting the government's stand on cotton export. This comes in the wake of the central government's decision to defer the commencement of cotton...

The decision to defer cotton export registration by one month – from October 1 to November 1 – may help the textile companies in the short term because of sufficient availability, but there are concerns on how long that would last. Arrivals of cotton are uncertain across India with farmers apprehensive about the yield due to inclement weather. The early varieties of cotton from Punjab and Haryana have also been affected...

Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...

Punjab-based farmers, who are known for feeding the country, now want to try their hands offshore, with a group of progressive farmers all set to acquire 50,000 hectares of farm land on lease in Ethiopia for growing high-value cash crops, including pulses and maize. "We will be inking a deal with the Ethiopia government next month for getting at least 50,000 hectares of area for growing crops like pulses and...