There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
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Punjab, Haryana can hedge India against climate-induced food shortages. See data - Siraj Hussain and Shweta Saini
-ThePrint.in The two states earned a lot of flak during the farmers’ agitation for demanding continuation of the existing system of APMCs and MSP operations. The global events of the last one year, especially during the Russia-Ukraine war, have again shown the importance of food security to the world. It is critical for India too as it has to provide food to a large population of about 1.39 billion people. Punjab and...
More »Rabi MSP sends wrong signals -Nilanjan Ghosh
-The Hindu Business Line Millets such as ragi deserve higher support prices as they are important for nutrition and water efficiency The CACP recommendations on Minimum Support Prices (MSP) for the mandated six Rabi crops — wheat, barley, gram, lentil, rapeseed and mustard, and safflower — are arrived by considering several factors. These include the cost of production, supply and demand situation of various crops in domestic and global markets, domestic and world...
More »Wheat MSP hiked by Rs 110/quintal
-The Tribune New Delhi: The Union Cabinet today approved a hike of up to 9 per cent in the minimum support price (MSP) of six rabi crops for next year’s marketing season, with a Rs 110 per quintal increase for wheat to boost domestic production and the income of farmers. The wheat MSP has been raised from Rs 2,015 to Rs 2,125 a quintal, a hike of 5.46 per cent. The highest...
More »Mahindra tractor sales hit a high of 47,100 units in September
-The Hindu Exports were up 26 per cent at 1,613 units Mahindra and Mahindra Ltd’s Farm Equipment Sector (FES), a part of the Mahindra group, said tractor sales hit a high of 47,100 units in September 2022, as against 39.053 units in September 2021. This represented a 21 per cent year-on-year growth. “This is our highest ever sales in a month. With the Kharif crop harvest starting soon and crop prices holding firm,...
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