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Government buys 2.5 lakh tonnes of onion for Buffer stock

-The New Indian Express Onion production is estimated to have risen to 31.70 million tonnes in 2021-22 from 26.64 million tonnes in the previous year, according to the government data. NEW DELHI: The government has procured 2.5 lakh tonnes of onion from farmers to create Buffer stocks for 2022-23 and will intervene in the market in case of rise in retail prices of onion. Onion production is estimated to have risen to 31.70...

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Indian farmers benefit from a sharp increase in exports; government cuts procurement for welfare programmes - PK Krishnakumar

-Moneycontrol.com Global buyers have turned to India, the second-largest producer of wheat, after the onset of the Russia-Ukraine war. Russia and Ukraine together accounted for 30% of the global wheat supply. Indian wheat farmers are earning more this year, thanks to a sharp increase in exports after the February 24 start of the Russian invasion of neighbouring Ukraine, which has disrupted global supply chains. Prices have exceeded the government-fixed minimum support price (MSP)...

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A New Paradign for Indian Agriculture: From Agroindustry to Agroecology (2022) -Neelam Patel, Bruno Dorin, and Ranveer Nagaich

-NITI Aayog Working Paper, ISBN: 978-81-953811-7-3 Abstract -  The importance of agriculture in an economy usually declines as it climbs the development ladder. Raising agriculture productivity has been known to be an important precursor. Labour productivity in agriculture can either be increased by higher land productivity or higher land availability per farmer and mechanisation. In India, however, the dramatic increase in land productivity through industrial farming has caused severe environmental damage and...

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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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Not against MSP, but open-ended procurement a problem: SC panel member Anil Ghanwat -Sohini Goswami

-Hindustan Times Anil Ghanwat said if a law on MSP is made as demanded by protesting farm unions, all farmers would demand MSP on their crops and nobody would be in a position to earn anything out of it. Anil Ghanwat, a member of the Supreme Court-appointed committee on farm laws, said on Monday that he was not against minimum support price, but open-ended procurement was a problem. He said if a...

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