Uttar Pradesh issues notice to sugar mills for 2016-17 cane dues.
Ram Gopal Yadav (9 years ago)

The Uttar Pradesh government has issued notice to sugar mills in the state for non-payment of cane dues to farmers for 2016-17 (Oct-Sep) season. Notices have been issued to mills owned by Modi Sugars, Bajaj Hindusthan Sugar, Simbhaoli Sugars, Mawana Sugars, Rana Sugars and others as their payment process is slow. Mills in the state owed 25.35 billion rupees as of Monday to sugarcane farmers for the 2016-17 season. If the mills are unable to clear the dues in 15 days, they have to explain the reason for the inability to pay.

India sugar prices at record high in Delhi; long-term view bearish.
Ram Gopal Yadav (9 years ago)

Prices of sugar inched up in the key wholesale markets of north India and touched a record high in Delhi as supplies were disrupted due to religious processions on some routes connecting western Uttar Pradesh to the national capital. Sugar prices also rose in the key spot markets of Maharashtra as millers quoted higher prices.

NCDEX chana futures up tailing gains in spot prices.
Ram Gopal Yadav (9 years ago)

Chana futures rose 1% on the NCDEX tracking the rise in major spot markets. The most active September contract on the NCDEX was up 1% from previous close. In Bikaner, a key market, chana was quoted as 5,050 rupees per 100 kg, up 50 rupees from previous close.

India Govt allocates 8.4 billion rupees to states so far FY18 to up pulses crop.
Ram Gopal Yadav (9 years ago)

The government has allocated 8.35 billion rupees to states under the National Food Security Mission so far in 2017-18 (Apr-Mar), to boost production of pulses in the country. Of the total amount, the government has released 1.69 billion rupees so far to the states for implementation of the pulses programme. For the entire mission, the Centre has earmarked a total of 17.20 billion rupees for 2017-18. Production of pulses seeds in seed-hubs has also been taken up by the farm research body, Krishi Vigyan Kendras, and state agricultural universities.

African new crop tur prices at 4-year low as demand from India falls.
Ram Gopal Yadav (9 years ago)

Prices of new crop tur of the African origin have hit a four-year low due to muted demand from India following sufficient stock of the pulse. Tur prices in Indian spot markets are way lower than the minimum support price, thereby, hardly giving any incentives to importers to ship the pulse from African countries. The new crop African origin Matwara tur variety is sold at $425 per tonne on cost and freight basis, down from $900 per tonne in the year-ago period, while Kenya origin was sold at $390 per tonne from $850 per tonne. About 70-75% of tur from African countries are shipped to India, which is the largest producer and consumer of tur. Sufficient stocks of tur in India following bumper production, limited demand from the dal millers is seen creating bearish sentiment in the global market as the former is a key buyer for their produce.

NAFED buys 4,149 tonne sunflower seed so far in Haryana.
Ram Gopal Yadav (9 years ago)

The National Agricultural Cooperative Marketing Federation of India has procured 4,149 tonne of rabi sunflower seed. The procurement drive, which was started last month in the state, is under way in Ambala, Sahabad, Ladwa, and Pehowa districts under the price support scheme in Haryana. The agency is procuring the oilseed from the growers at the minimum support price of 3,950 rupees per 100 kg, including a bonus of 100 rupees, as market prices are hovering below this level.

Government buying of pulses falls 86% short of target.
Ram Gopal Yadav (9 years ago)

After a big success during the earlier kharif season, government agencies have failed in pulses procurement in the ongoing rabi marketing season, missing their target by 86 per cent. Nafed procured only 19,779 tonnes of masur (red gram) as on July 3, against the target of 100,000 tonnes. And, 51,059 tonnes of chana (Bengal gram), against the procurement target of 400,000 tonnes. Respectively, 19.8 per cent and 12.8 per cent of the rabi marketing target. The government has set a buffer limit of two million tonnes for both kharif and rabi seasons, which is almost achieved. So, the ministry initially set the procurement target of 500,000 tonnes, later reduced to 400,000 tonnes. Price is a factor which prompted farmers to hold on to their produce.

Orissa government lifted stockholding limits on pulses.
Ram Gopal Yadav (9 years ago)

The Orissa government has lifted stockholding limits on pulses, edible oilseeds and edible oils in view of the adequate supply and drop in prices. The stockholding limits on pulses have been lifted with immediate effect, as there is no shortage of pulses in the country and prices have fallen. Prior to the new order, a wholesaler was allowed to store upto 2,000 quintal of pulses, 1,000 quintal of edible oil seeds and 500 quintals of edible oils. Similarly, retailers were allowed to stock up to 50 quintal each of pulses and edible oil seeds and 20 quintals of oils.