The government on Friday said wheat production loss due to recent inclement weather is likely to be in the range of 1-2 million tonnes but overall production will reach a record 112.2 million tonne in the current year on higher acreage and yield. The government’s wheat procurement at minimum support price (MSP) is underway and … Read more
The government will take a decision next month on increasing the sugar export quota from current 60 lakh tonnes after assessing the domestic production and internal demand, Food Secretary Sanjeev Chopra said on Thursday. The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September). India exported around … Read more
India on Thursday imposed 20 per cent export duty on export of various types of rice, excluding the parboiled and Basmati rice . As per a release by the Department of revenue, under the Ministry of Finance, the 20 per cent levy will be imposed on export of rice in the husk (paddy or rough), … Read more
The government has procured 184.58 lakh tonnes of wheat at a MSP value of Rs 37,192.07 crore so far in the ongoing 2022-23 rabi marketing year, benefitting 17.50 lakh farmers, the Food Ministry said on Monday. Total wheat purchases made by the Food Corporation of India (FCI) and state agencies are, however, much lower than … Read more
India is likely to clear exports of 1 million tonnes of wheat, in the first phase after it restricted shipments of the food grain, said trade sources. The government on May 13 banned exports of wheat amid accelerating inflation, but exempted shipments under contracts where letters of credit (LCs) had already been opened. The clearance … Read more
The Centre has procured a record 873.68 lakh tonnes of paddy so far in the 2020-21 marketing year ending September for nearly Rs 1.65 lakh crore. Paddy procurement has reached at an all-time high level, surpassing previous high of 773.45 lakh tonnes in KMS (Kharif Marketing Season) 2019-20, an official statement said. “About 129.03 lakh … Read more