-The Hindu The Centre has increased the minimum support price (MSP) for wheat for the upcoming rabi season to ₹2,015 per quintal, a 2% hike from the ₹1,975 per quintal rate of last year. Oilseeds and pulses such as mustard, safflower and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification, according to a statement on the decision of the Cabinet Committee on Economic...
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Retail inflation eased to 5.6% in July
-The Hindu Industrial output growth halves from 28.6% in May to 13.6% in June Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 begin to fade. Food prices at the consumer level played a...
More »Kharif sowing slips on deficient monsoon
-The Hindu Business Line Total area down 11.5 per cent; coarse cereals, oilseeds planting drops 20% With the south-west monsoon being seven per cent below normal till Friday, sowing of kharif crops continues to be affected. Data provided by the Ministry of Agriculture and Farmerss Welfare show that sowing lost its momentum further in terms of percentage. Data showed that a total of 612 lakh hectares (lh) had been covered till date compared...
More »OECD-FAO: Global pulses trade to slow as India may boost production by 2030 -G Chandrashekhar
-The Hindu Business Line It observed that world pulses trade grew from 13 ml t to 17 ml t over the past decade The global pulse market that reached a volume of 92 million tons in 2020 - following an annual growth of 3 per cent during the previous decade – is expected to increase by 22 ml t by 2030, says OECD-FAO Agricultural Outlook 2021-2030 released earlier this week. Almost half of...
More »High Food Prices Destroying Family Nutrition in Already Stressed Times -Subodh Varma
-Newsclick.in Prices of basic sources of protein like meat, eggs, pulses, and cooking oils have zoomed up, as has the cost of cooking gas. Prices of some essential food items have jumped up steadily over the past few months causing devastation of nutritional levels of families and denting already stressed budgets. Adding to this misery is the inordinate hikes in cooking gas prices which have sky-rocketed by 46% since subsidies were all...
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