-ThePrint.in MSP for moong became ceiling price as private traders were unwilling to offer more, claim growers. Another factor was low procurement of produce at MSP by Punjab government. Jagraon/Ludhiana: Encouraged by the Aam Aadmi Party (AAP) government’s promise to procure pulses at Minimum Support Price (MSP), the area under moong cultivation in Punjab nearly doubled this summer as farmers eyed extra income. The commitment, which coincided with an early harvest of wheat...
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Bajra sells below MSP in Haryana -Ravinder Saini
-The Tribune Rewari: Farmers in the district have been forced to sell their bajra (millet) produce to private buyers at much below minimum support price (MSP). The Union Government has fixed Rs 2,350 per quintal as MSP for bajra but it is being bought between Rs 1,750 and Rs 1,825 per quintal. Though the arrival of 71,000 quintals bajra has so far been registered in the local grain market, the state government is...
More »Edible oil makers urge for lifting of futures trade ban on crude palm oil and soy oil on commodity exchanges -Sandip Das
-Financial Express SEA has stated that the ban on futures trade has deprived importers of hedging their price risks in rupee-denominated soya oil and crude palm oil futures on Indian exchanges. The Solvent Extractors’ Association (SEA) of India, a body of edible oil manufacturers, on Monday demanded lifting of ban on futures trade in soya oil and crude palm oil (CPO) on the commodity exchanges imposed on December, 2021, to ensure risk...
More »Inflation in basic commodities higher in rural areas than urban: Consumer Price Index -Himanshu Nitnaware
-Down to Earth Among states, West Bengal had the highest inflation at 10.29% The All India Consumer Price Index (CPI) for the month of August 2022, released by the National Statistical Office September 12, was found to be higher for rural areas than urban ones. The CPI in rural areas — 7.15 per cent — was higher compared to 6.72 per cent in urban markets. The Consumer Food Price Index (CFPI) for rural...
More »Deregulation of Agricultural Marketing: How has it Affected the APMC System in Karnataka? -Ayush Kumar
-Foundation for Agrarian Studies In December 2020, in line with the Central Farm Laws, the Government of Karnataka passed an amendment to the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966. This amendment reduced the scope of the Agricultural Produce Marketing Committees (APMC) by effectively ending their status as the only place (with some exceptions) where wholesale agricultural trade was permitted by law. Despite the three Central Farm Laws being...
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