Basmati paddy prices are expected to touch their highest level of Rs 3,400 per quintal during the forthcoming harvesting season, says a research report. The prices of traditional Basmati paddy are in the range of Rs 2,650—3,350 per quintal this month, and are expected to be Rs 2,500—3,200 per quintal in November. In December, however, they will go up to Rs 2,700—3,400 per quintal, depending on the varieties, the report said. The forecast...

BJP’s Rajya Sabha MP and former member of the Punjab State Human Rights Commission Avinash Rai Khanna was arrested on Friday and later released by Hoshiarpur police for leading a march to the godowns of Food Corporation of India (FCI) in New Grain Market. Khanna had announced that he would pick the grains from the godowns of FCI in the grain market and distribute it among the poor. A large number...

Over 611,424 tonnes of paddy have been purchased by government agencies and private rice millers in Punjab, an official said here Tuesday. Government agencies have bought over 97 percent of the stocks while private rice millers have purchased nearly three percent in the first five days of the process. Six agencies -- the Food Corporation of India (FCI) of the central government and five of the Punjab government -- are engaged in...

A standoff between the Haryana government and rice millers is threatening to derail the procurement of paddy in Haryana, with growers accusing authorities of not lifting the crop despite heavy arrival in markets. The state government said it is hopeful of settling the issue with state rice millers within a day or two, while claiming to have lifted ‘each grain’ of paddy. Peeved at the slow pace of paddy lifting at various...

The mountainous state-owned food stocks lying in the open and rotting in the rain are in stark conflict with a failing public distribution system , hunger, malnutrition and high food prices. The poor management of food stocks provoked the Supreme Court to transgress into executive domain when, on August 12, the court made certain directions like limiting procurement to covered warehousing capacity and distributing the rotting foodgrains free of cost...