The Commission for Agricultural Costs and Prices may recommend higher prices in its report. The Commission for Agricultural Costs and Prices (CACP) may recommend higher minimum support price (MSP) for cotton and sunflower in its report. “Cost of production for most crops have gone up by 10-30 per cent over the last year, due to higher inputs costs like labour and fodder. Cotton has fetched higher market prices compared to its MSP...
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Food subsidy bill may rise to Rs 81,000 cr
Government’s food subsidy bill is expected to swell to around Rs 81,000 crore in the current financial year, up from the Budget estimate of around Rs 68,000 crore for 2010-11 because of higher cost of procurement of wheat and rice and increased allocations to below poverty line and above poverty line families in the current financial year, official sources said. The 19% estimated increase in food subsidy also includes those part...
More »India's oilseeds production dips to 249 lakh tonnes in 2009-10
India's oilseeds production dipped to 249.3 lakh tonnes in the crop year 2009-10, compared to 277.2 lakh tonnes in the previous year, Parliament was informed today. The country had produced 297.6 lakh tonnes of oilseeds in 2007-8, Minister of State for Agriculture K V Thomas said in a written reply in Lok Sabha. As a result of the fall in oilseeds production, the minister said, India has been facing shortage of edible...
More »Last year's kharif drought may tell on output this year by Gargi Parsai
The foodgrains output for 2009-10 is expected to be 16.27 million tonnes lower at 218.20 million tonnes than the record production of 234.47 million tonnes last year. The decline, mainly in rice, edible oils and coarse cereals, is due to the widespread drought in the kharif season last year. Significantly, the government has slightly lowered the expected production of wheat in the fourth advance estimates to 80.71 million tonnes from 80.98 million...
More »MSP for pulses increased
To encourage cultivation of pulses, the Union government on Thursday increased the minimum support prices by up to 33 per cent, but did not extend the favour to other kharif crops. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Manmohan Singh, increased the minimum support price of arhar by Rs. 700 a quintal to Rs. 3,000, of moong by Rs. 410 to Rs. 3,170 and of urad by...
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