On the approval and direction of Union Agriculture Ministry to contain stress sale by farmers, the Rajasthan Government will start procurement of fresh bajra produce at Minimum Support Price (MSP) of Rs 880 per quintal in 16 out of 33 districts from November one. Rajfed would buy bajra at 44 procurement centres, while Food Corporation of India at 25 centres, the Food and Civil Supply Minister Babulal Nagar told in a...
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UP cane farmers, mills lobby govt for good price
The Uttar Pradesh government is expected to soon announce the price at which mills in the state will have to buy sugarcane from farmers. Having received a record Rs 260 per quintal for sugarcane last season, farmers are insisting on a similar payout this season. The figure will be keenly watched because high raw material costs can substantially reduce profitability of companies in a season of bumper sugar production and low...
More »France, others eye slice of Indian harvest
The wheel has turned a full circle. India, which was synonymous with hunger and malnutrition in the West, is now being called upon to export from its pile of food grain to ease the shortfall in overseas markets. French Food, Agriculture & Fisheries Minister Bruno Le Maire broached the issue during a meeting with KV Thomas, India's minister of state for food and agriculture, last week. The issue is expected to be...
More »Sugar decontrol decision only after consulting states
Food and Agriculture Minister Sharad Pawar today said the government will not take any decision on decontrol of the sugar sector without consulting the states and the process of which will begin in 8-10 days. "I am going to start the process of discussion with the stakeholders and the state governments in 8-10 days time. Without the consultation, I will not move any proposal (on decontrol) to the Cabinet," he told...
More »Rising demand may push up grain prices despite high output by Dilip Kumar Jha
Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...
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