-Hindustan Times India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm...
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‘Temporary ban on cotton exports likely’ -Ravi Dutta Mishra
-Livemint.com Cotton prices have touched ₹90,000 per candy. Prices of some varieties of have touched ₹100,000 per candy The Union government may impose a temporary ban on cotton exports if cotton prices continue to surge, textiles secretary Upendra Prasad Singh told Mint. The statement comes at a time when the Indian textile Industry is reeling under a spike in cotton and yarn prices, impacting production and exports. Cotton prices have doubled in barely...
More »Glut-like situation in mandis as Punjab awaits relaxation in procurement norms -Gurpreet Singh Nibber
-Hindustan Times The situation, according to the Punjab food and civil supplies department, has arisen due to delay in the Centre’s approval to grant relaxation in the procurement norms as the crop in the current rabi season has percentage of shriveled grain more than the permissible limit of six Chandigarh: There is a glut-like situation in the mandis and procurement centres of Punjab as at least 38 lakh tonne wheat is waiting...
More »Strong demand may bring down closing stock of major farm goods by FY23-end -Sanjeeb Mukherjee
-Business Standard Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time By the end of this financial year or perhaps even earlier, depending upon the crop cycle, India might be staring at a multi-year low closing inventory levels of several key farm commodities. Stocks of sugar, wheat, cotton and oilseeds both, with traders and...
More »Crop diversity key to reducing hunger, malnutrition in India -Sudhansu R Das
-Deccan Herald The country suffered a massive crop diversity loss during the British Raj; later, the green revolution eroded much of the native crops The UN World Food Programme says that 45 million people worldwide are on the brink of starvation. The hunger situation in India is no less alarming. The Food and Agricultural Organisation (FAO) in its report, “The State of Food Security and Nutrition in the World, 2020” stated that...
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