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Worried over future contracts, farmers hold on to soyabean stocks, seek better prices -Nayan Dave

-Financial Express Last year till mid-December, farmers were aware of future prices on commodity burse platforms such as National Commodity and Derivatives Exchange (NCDEX). Two months after harvesting the kharif soyabean crop, Narayan Singh, a farmer from Nipaniya Baijnath village of Malwa region in Madhya Pradesh, is still holding on to a chunk of the produce in anticipation of higher prices. In this kharif season, Singh harvested nearly 55 quintals of soyabean crop...

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Centre imposes stock limits on edible oils to curb price surge

-Livemint.com * This decision will soften the prices of edible oils in the domestic market * The high prices of edible oil in international market has a substantial impact on the domestic edible oil prices In a landmark decision, the Department of Food and Public Distribution has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. In a release the department said, the Removal of Licensing Requirements, Stock...

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Centre imposes stock limits on edible oils to soften the prices of edible oils in the domestic market

-Press Information Bureau/ Ministry of Consumer Affairs, Food & Public Distribution The Department of Food and Public Distribution in a landmark decision has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021.Future trading on Mustard Oil and Oilseeds was...

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Agriculture Ministry ties up with Jio, ITC, NCDEX to develop agritech

-The Hindu The Agriculture Ministry signed agreements on Tuesday with Reliance’s Jio Platforms, ITC, Cisco, NCDEX e-Markets and Ninjacart to develop agritech solutions using its National Farmers Database which includes information of 5.5 crore farmers. Microsoft, Amazon and Patanjali are among the companies that signed agreements for similar pilot projects earlier this year. This is part of an effort to modernise the agriculture sector by infusing new technologies so that farmers can...

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Linking farmers to futures market in India -Tirtha Chatterjee, Raghav Raghunathan and Ashok Gulati

-Indian Council for Research on International Economic Relations (ICRIER), Working Paper 383 Farmers, especially small and marginal, do not directly trade in agri-futures market in India. Their small size, lack of trust and understanding of futures market and dependence on middlemen, are some of the main deterrents. The role of Farmer Producer Organizations (FPOs) is crucial in this context since they can procure commodities, aggregate them and ensure that size and...

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