In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...

-The Hindu First imposition of limits after amendment to Essential Commodities Act. With onion prices crossing ₹100 per kg in several cities, the Centre imposed stock limits on wholesalers and retailers until the end of the year to prevent hoarding. This is the first time stock limits have been imposed on any commodity after the Essential Commodities Act was amended last month to reduce such interventions. Under the curbs, wholesale traders will not...

-Livemint.com Trade moving outside regulated markets could lead to speculation and volatile prices, warn experts NEW DELHI: After the Centre enacted a new set of laws freeing internal trade in farm produce, crop arrivals in regulated wholesale markets have witnessed a sharp decline. However, off-market transactions between farmers and traders which are going unrecorded could be fueling food inflation as traders engage in speculation and hoarding, experts said. An analysis of numbers from...

-Financial Express Signs of a weakening of the Agriculture Produce Marketing Committee (APMC) networks are now evident across major farm production centres in the country, heralding an era of unfettered market access and bolstered bargaining strength for farmers. On June 5, the Centre promulgated three Ordinances reforming the country’s agriculture marketing, and their impact on the trade has been rather sudden and material: During the June 6-August 31 period, mandi arrivals of...

-The Tribune The Government on Wednesday announced three "major agriculture reforms" for farmers, including an Ordinance to promote “barrier-free inter-state and intra-state trade outside APMC market” and amendment to the Essential Commodities Act., removing commodities like cereals, pulses oilseeds edible oils onion and potatoes from list of essential commodities. Briefing about the three reforms after the Cabinet headed by Prime Minister Narendra Modi made the decisions, Agriculture Minister Narendra Singh Tomar called...