India, the world's biggest wheat consumer and grower after China, banned exports in 2022 and is relying on bumper harvests to bolster stocks and tame local prices that surged after dry weather shrivelled the crop in 2022 and 2023.
Last week, the commerce ministry extended the ban on onion export till further orders. The ban on onion shipment was valid till March 31.
The CCI is the government's nodal agency for the procurement of cotton at a minimum support price (MSP). It undertakes procurement when prices fall below the MSP level. Cotton season runs from October 2023 to September 2024.
"Thailand tail crop is much better than expected," said Karim Salamon, head of sugar analysis at Wilmar, in comments sent to Reuters.
"In order to increase the availability of wheat and rice in the open market and to control the prices of wheat and rice, the Government has been offloading wheat and rice in the market through weekly e-auction from June 28, 2023," an official statement said.
He said that the country is targeting USD 2 trillion worth of exports of goods and services by 2030.
The last leg of sowing of wheat, the main rabi (winter) crop, is underway and will continue till next week. Till last week, wheat was planted in 320.54 lakh hectares, as per the official data.
Sugar production stood at 121.35 lakh tonnes during the October-December period of 2022-23 season.
The Global Trade Research Initiative (GTRI) said these five products — basmati rice, non-basmati rice, sugar, spices, and oil meals — account for 51.5 per cent of India's total agriculture exports.
Exports of agri-commodities in April and May were around 33 lakh tonnes each. However, shipments of farm items fell to nearly 18 lakh tonnes due to several restrictions on the export of various varieties of rice, including broken rice and non-basmati white rice.
Two persons have died in rain-related incidents in Nashik district in north Maharashtra, a senior official said.Two persons have died in rain-related incidents in Nashik district in north Maharashtra, a senior official said.
In comparison to the purchase of 14,000 metric tonnes of paddy last year (2022), about 20,993 metric tonnes of paddy has been purchased from 3,663 farmers in 14 markets established across the state in the current year (2023), the officials said.
The agencies are procuring paddy grown in the kharif (summer) season at the minimum support price (MSP).
Local vendors are selling onions at Rs 80 per kg. Mother Dairy was selling onions at Rs 54-56 per kg on Wednesday and now the rates have touched Rs 67 per kg.
The Father of the Green Revolution, who passed away on September 28, improved the lives of millions in India and around the world.
During the meeting, he also reviewed the progress of nano urea, nano DAP and promotion of alternate fertilizers at the field level and steps initiated by the states in this regard, the ministry said in a statement.
"Tomato prices are ruling in the range of Rs 50-70 per kg in retail markets across the country at present," Consumer Affairs Secretary Rohit Kumar Singh told PTI. Prices have started cooling down with increase in arrival of the fresh crop in states like Madhya Pradesh, he added.
As prices of cardamom rise, India is in danger of losing its export markets to the cheaper Guatemalan cardamom. Even the upcoming festive season may not help its cause as higher prices may impact the price-sensitive domestic market as well.
From July 16 onwards, the NCCF plans to sell tomatoes through 100-odd Kendriya Bhandar outlets in the national capital.
India’s G-20 priorities in agriculture specify healing our ‘One Earth’, creating harmony within our ‘One Family’, and giving hope for a bright ‘One Future.
While demands for the aromatic crop has increased, and its cultivation, halted in 1984 and revived in 2014, growing Mushk Budij is risky owing to it being blast-prone and the milled rice cannot be stored for a long time since it loses its aroma.
