Despite the decision taken at a meeting of representatives of farmers, co-op sugar factories and the government, some factories in Ahmednagar district are not paying the revised advances to sugarcane farmers. At the meeting held in Pune on December 19, it was a decision was taken to revise the advances to Rs 1,800 per tonne in Pune region and Rs 1,750 in Marathwada, Khandesh and Vidarbha. However, the payment of...
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Foodgrains output will be marginally lower than best by Gargi Parsai
With higher sowing of wheat, pulses, sugarcane, cotton and oilseeds reported this rabi season, there are expectations of a bumper crop production this year. The total food grains output is expected to be 232.07 million tonnes, which is only marginally lower than the record production of 234.47 million tonnes in 2008-09. Announcing the second advance estimates of food grains production for the 2010-11 crop year last week, Union Agriculture Minister Sharad Pawar...
More »Wheat Hoarding Likely to Be `Widespread,' Prompting Price Gains, UN Says by Luzi Ann Javier
Global wheat harvests may trail demand for a second year, spurring hoarding and further price gains, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN Food and Agriculture Organization, said in an interview by phone from Rome. Wheat, corn and soybeans soared to the highest levels since 2008 yesterday as a U.S. government report showed...
More »Centre considering request to lift ban on onion export
Maharashtra Chief Minister Prithviraj Chavan made the plea following farmers' protest Go-ahead for export of 3 non-basmati varieties Onion prices as low as Rs. 4-5 a kg in Maharashtra Union Commerce and Industry Minister Anand Sharma on Friday said the government was actively considering a request from Maharashtra Chief Minister Prithviraj Chavan to lift the ban on export of onions whose prices crashed last week triggering farmers' protest. In a related development, the government...
More »Food inflation sharply falls to 13.07%, may stabilise at 8-9%
Food inflation dropped sharply to 13.07% for the week ended January 29 from 17.05% in the previous week. According to data released by the ministry of industry and commerce on Thursday food inflation declined to a seven-week low due to decline in the prices of pulses and potatoes. On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58%, the government data said. Although the...
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