-PTI/ Financial Express As per the latest official data, about 162 lakh tonnes of wheat have been purchased by the government agencies till May 1 of the ongoing 2022-23 rabi marketing season (RMS). It was 288 lakh tonnes in the year-ago period. The Centre’s wheat procurement declined by 44 per cent to 162 lakh tonnes till May 1 of the current rabi marketing year on higher exports and low arrival in Punjab...
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Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report
-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...
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 »Food processing companies brace for wheat shortage -Devika Singh
-Moneycontrol.com The country is expected to face a shortfall of the cereal in the months ahead as produce in the Rabi season is expected to be below estimates, while globally, too, there is a supply crunch on account of Russia-Ukraine war. Food processing companies such as iD Fresh Food, Mrs Bector's Food Specialities and CG Corp Global are getting ready to combat a possible shortage of wheat due to the combined effects...
More »Rabi diversification pays dividends to farmers as mustard prices at all-time high in Punjab -Vishal Joshi
-Hindustan Times Data from Punjab agriculture department says an estimated 1.34 lakh acre was under mustard cultivation in 2021-22, highest in last 15 years. Since 2007, farmers are sowing mustard on 30,000 hectares or 74,000 acres every year Bathinda: After diversifying to mustard crop (about 44% jump) in the 2021-22 Rabi season, enterprising farmers are now reaping profit by selling the produce for up to Rs.7,000 per quintal, 28% higher than this...
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