Jharkhand has produced more rice than it needs this season, thanks to the monsoon bounty after three consecutive years of drought, enabling the state to set up procurement centres in all 24 districts for the first time. Till now dependent on Chhattisgarh, Bihar and Madhya Pradesh for its annual requirement of around 20 lakh tonne of par boiled, or usna, rice, Jharkhand is likely to log a bumper harvest of 35-37...
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114.91 lakh tonnes of paddy procured in Punjab this season
-PTI More than 114.91 lakh tonnes of paddy has been procured by government agencies and private millers in Punjab during the ongoing kharif season till last evening, as against 120.81 lakh tonnes during the corresponding period of the previous year. An official spokesman here today said that out of the total procurement of 114.91 lakh tonnes of paddy, government agencies have procured 110.93 lakh tonnes (96.5 per cent) and private traders have...
More »Moving beyond MSP
-The Business Standard The new grain pricing policy for 2012-13 rabi marketing season seems a half-hearted attempt to make farmers grow more oilseeds and pulses, which are in short supply. This is apparent from a hefty hike of Rs 650 to Rs 700 a quintal, or around 35 per cent, in the minimum support prices (MSPs) of oilseeds and pulses and a relatively modest increase of Rs 115, or 10 per...
More »Rice procurement at 9.04 million tonnes in kharif 2011-12
-PTI Rice procurement stood at 9.04 million tonnes in the current kharif marketing season (October-September) so far. According to the official data, 90,46,356 tonnes of rice has been procured by various government agencies by November 4, 2011. Punjab has procured 69,56,290 tonnes, while Haryana and Tamil Nadu have procured 18,09,194 tonnes and 1,76,486 tonnes, respectively in the 2011-12 kharif season so far. Food Corporation of India (FCI), government's nodal procurement agency, along with other...
More »Low prices may cut Rabi potato acreage by 15 to 20 per cent by Madhvi Sally & Sutanuka Ghosal
Potato acreage in India is likely to drop by 15-20% in the new season. Farmers suffered last year due to a decline in prices following a higher production. According to an initial estimate, the losses could run into few thousand crores with Bengal farmers suffering the most. In this backdrop, a further expansion in area could weaken the prices even as sowing has started across Uttar Pradesh, Bengal, Bihar and Punjab....
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