Due to Food Corporation of India (FCI)’s active sale of grains on the open market during this fiscal year and minimal procurement over the previous two years, wheat inventories in the central pool dropped to a […]
The government will begin buying maize from farmers at a guaranteed price for distillers.
The standard operating procedure (SoP) for the government’s plan has been released. According to it, cooperatives like NAFED and NCCF would contract with distillers to guarantee a supply of maize at ₹2,291 per quintal for the […]
Indian rice exporters expect to face challenges due to policy risks, high prices in 2024
Indian rice exporters predict a challenging year in 2024, characterized by unclear policies and high local prices, which would impede the country’s efforts to normalize rice exports. S&P Global Commodity Insights states that the market is […]
The stock of rice and wheat in FCI exceeds the buffer norm.
The government-owned Food Corporation of India (FCI) will keep selling rice and wheat on the open market since it possesses more of both grains than is needed in accordance with the buffer rule. However, based on […]
Increased by 2-7% in MSP for wheat and other winter crops.
Due to the early harvest of some kharif crops in particular areas, the government has announced an increase in minimum support prices (MSPs) of 2–7% for rabi crops. Wheat and masur (lentil), two important winter crops […]
Minimum Support Price- Pulses in line with expectations
The Central government has announced the Minimum Support Price (MSP) of the Kharif crops for 2021-22 marketing season on June 9,2021. Rise in the MSP in pulses was in line with the market expectations. However, MSP […]
MP’s Bhawantar scheme for crops fails to bridge MSP-wholesale rates gap
Is the Madhya Pradesh government’s much-discussed Bhawantar Bhugtan Yojana (Price Deficiency Payment Scheme) showing signs of stabilising? Unlike in 2017, the open market wholesale rates for soybean and maize, two crops incorporated into the scheme, haven’t seen a big decline […]