-PTI/ Business Standard The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the maximum retail prices of non-urea fertilisers remain at the present level, sources said India's fertiliser subsidy bill is likely to shoot up by 55 per cent to record Rs 2.5 lakh crore this fiscal as the government will provide additional funds to make up for the spike in cost from higher...
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Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia -Aniruddha Dhar
-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...
More »Wheat procurement & lifting impacted in Punjab, 18 farmers have committed suicide so far -Harpreet Bajwa
-The New Indian Express Also this season till yesterday only 62.81 per cent of wheat has been lifted. Thus approximately eighteen farmers have committed suicide to date across the state this month alone due to low yield. CHANDIGARH: The procurement operation of wheat this season in Punjab has been impacted as till yesterday different central and state government agencies, including the Food Corporation of India have purchased only 85.98 Metric Tonnes (MT)...
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 »‘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...
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