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Punjab unlikely to achieve paddy purchase target

-PTI CHANDIGARH: Punjab is unlikely to achieve paddy procurement target of 130 lakh tonnes (LT) for the central pool during the current Kharif Marketing Season in the wake of dip in yield at certain places because of inclement weather conditions. However, crop purchase target of 36 LT in Haryana is expected to be achieved, officials said here today. "Against the target of 130 LT, paddy procurement is likely to be around 125 LT...

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Food inflation: How to decode the onion price puzzle-Usha Tuteja

-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...

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Repeating a mistake

-The Business Standard Govt controls will raise prices of pulses and oilseeds The food and consumer affairs ministry has proposed that stockholding limits on pulses and edible oils be retained for another year beyond October. In addition, it wants these curbs extended to rice, too. This is misguided, and will cause more problems than it wants to resolve. Instead of controlling prices, as is intended, these restrictions on trade will instead...

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Offset ban on cotton export by raising floor price by 10%: CACP-Nidhi Nath Srinivas

The government should immediately announce a 10% increase in the floor price of cotton and rice to protect farmer incomes if it imposes a ban on the export of these commodities, India's two most economically significant cash crops, according to the Commission of Agricultural Costs and Prices (CACP), a body which advises the government on the pricing policy for major farm produce. "Any ban on export is an implicit tax on...

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