-Financial Express Crop loss, lower procurement to deplete FCI stocks; local supplies may suffice for PDS, free-ration schemes At Punjab’s Rajpura mandi, private traders are busy buying the wheat crop brought in by farmers at marginally above the minimum support price (MSP). Traders have been super-active in the mandi, one of the largest centres of wheat trade in the country, and their daily purchases often exceed the official procurement by the state-run...
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Indonesia ban on palm oil exports starting April 28 rattles Indian markets -Sanjeeb Mukherjee
-Business Standard/ Agencies The country meets almost 45% of India's annual palm oil demand; media reports say ban put in place to check soaring domestic prices of the commodity In what could have a devastating impact on edible oil prices and supplies in India, Indonesia, which is the world’s largest producer of palm oil and meets nearly 45 per cent of the total palm oil supplied into India annually, has decided to...
More »In Wake of Ukraine War, India Set to See Rising Food Grain Prices -Siraj Hussain and Shweta Saini
-TheWire.in The wholesale price inflation for wheat in March was 14%. The retail prices will, therefore, reflect the same once the peak arrival season is over, in June 2022. Even the critics of India’s public distribution system (PDS) acknowledge that it worked well during the Covid-19 pandemic. Additional allocations of free food grains at 5 kg per person per month, under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), helped prevent mass hunger...
More »Government set to raise subsidy on fertilizers to cool prices for farmers -Gireesh Chandra Prasad
-Livemint.com Fertilizer department said in the presentation that international prices of fertilizers and raw materials have been constantly rising since January 2021 NEW DELHI: The central government is set to raise the subsidy on fertilizers for the kharif crop season to cool prices to farmers, the department of fertilizers said in a presentation on Tuesday even as worries of protracted disruptions in key commodities continued to rattle global commodity and financial markets....
More »Mandi prices of key rabi crops above MSP on strong demand -Sandip Das
-Financial Express Traders told FE that for mustard, the biggest domestic oilseed variety, prices at Bharatpur mandi, Rajasthan, are currently ruling around Rs 6,800 per quintal against the MSP of Rs 5,050 a quintal, while wheat in Sehore mandi, Madhya Pradesh, is currently being sold at Rs 2,150 a quintal against MSP of Rs 2,015 a quintal. As market arrivals have peaked, mandi prices of key rabi crops — wheat and mustard...
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