-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...
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MSP for Jowar: At 150% of cost, it will distort market price -Prabhudatta Mishra
-Financial Express If the government implements the assured minimum support price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the measure would also dampen exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...
More »Unseasonal rains: Little impact on rabi output, say officials
-The Financial Express The recent spell of unseasonable rains and hailstorms in a clutch of northern states haven’t had any major adverse impact on the rabi crop being harvested, officials claimed, based on field reports. The agriculture ministry has been expecting all-time high foodgrain production of 277.5 million tonnes in 2017-18 crop year (July-June) on good distribution of monsoon rainfall last year, even though pan-India rains were just 95% of the...
More »With higher output, lower prices and likely import curbs, wheat may go the pulses way -G Chandrashekhar
-The Hindu Business Line The Indian wheat situation is turning worrisome, not because of the over-optimistic production estimate released by the Ministry of Agriculture recently, but because of the current price levels that provide no encouragement to farmers. Fraught with possibilities, the wheat may go the pulses way. The policy-makers may soon be forced to impose import restrictions in the form of higher tariffs. Output, prices To start with, no one in the trade...
More »Millets to be procured at MSP for public distribution system: Agri minister -Zia Haq
-Hindustan Times The agriculture ministry has started a new programme to focus on millets or coarse Cereal Production, mostly grown by small and poor farmers New Delhi: The Narendra Modi government has decided to include millets in the public distribution system for which it is procuring these grains at federally fixed minimum support prices, agriculture minister Radha Mohan Singh said. The agriculture ministry has started a new programme to focus on millets or...
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