-The Indian Express Agriculture Ministry’s harvest estimates don’t square with drought conditions in several cases, raise serious questions of credibility. We have had two consecutive drought years, yet India’s milk production, according to the Agriculture Ministry, has risen from 137.69 million tonnes (mt) in 2013-14 to 146.31 mt in 2014-15 and 160.35 mt in 2015-16. Never before has the country’s milk output grown at these rates — that too, in the face...
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Nutrient prices: Non-starter of a cut -Harish Damodaran
-The Indian Express Fertiliser makers rule out reduction in DAP rates, despite exhortations from Centre. Union Chemicals and fertilisers minister Ananth Kumar has stated that companies have “agreed” to slash maximum retail prices of non-urea fertilisers like DAP (di-ammonium phosphate) and MOP (muriate of potash) by Rs 2,500 to Rs 5,000 per tonne, even as plantings for the ongoing kharif season have picked up on the back of a good monsoon. But it...
More »India wheat imports seen surging to decade high as supply drops -Pratik Parija
-Livemint.com Imports may total 5 million metric tonnes in 2016-17, the most since 2006-07, according to estimates New Delhi: India may import the most wheat in a decade as output declines in the world’s second-biggest producer. Imports may total 5 million metric tonnes in 2016-17, the most since 2006-07, according to the median estimate of seven traders surveyed by Bloomberg. Production is set to decline 1.8% to 85 million metric tonnes in the...
More »Govt cracks the whip on price rise -Sanjeeb Mukherjee
-Business Standard In last one month, chana futures prices have risen 17.37 per cent and on Thursday it closed at Rs. 6812 per quintal on NCDEX New Delhi: The government has launched a multi-pronged drive against price rise of essential commodities with different agencies doing their bit to ensure smooth supply and action against hoarders as well as profiteers. Market regulator Securities and Exchange Board of India (Sebi) on Thursday barred launch of...
More »Chickpeas futures trading may face ban
-The Hindu States asked to exempt pulses from Value Added Tax and other local levies to control prices The government is considering banning futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while...
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