Telangana Authorities will likely be paying a bonus of ₹500 per quintal for advantageous rice cultivated by the farmers from the following Kharif season. A call was taken by the State Cupboard on this regard on Monday, The procurement of paddy cultivated throughout the rabi season was in progress and greater than 36 lakh metric tonnes was procured … Read more
Wheat procurement by the Indian Authorities by the Meals Company of India (FCI) has jumped 32 per cent inside the first three days of April. The rise doesn’t embody the amount purchased final month. Although the procurement usually begins on April 1, the Authorities started the acquisition early this yr and in consequence purchased 0.26 … Read more
Rice procurement by Meals Company of India (FCI) reached 45.44 million tonnes (mt) as of March 31 after the 2023-24 kharif advertising season started on October 1. That is 7.3 per cent decrease from 49.01 mt procured a yr in the past. Nonetheless, rice procurement in Chhattisgarh, which ended on February 4, was 8.3 mt … Read more
The procurement of products and companies via authorities’s portal GeM has crossed ₹4 lakh crore to this point this fiscal attributable to larger shopping for actions by numerous ministries and departments, a senior authorities official stated on Friday. The Authorities e-Market (GeM) portal was launched on August 9, 2016, for on-line purchases of products and … Read more
The common value of wheat within the Meals Company of India (FCI) e-auction on Wednesday dominated flat although the offtake elevated to 96 per cent from 94 per cent the earlier week, which signifies demand will stay sturdy till the subsequent crop begins arriving round mid-March. To date, the federal government has bought 8.004 million … Read more
Tur costs throughout agricultural produce advertising and marketing committee (APMC) yards in Karnataka and Maharashtra have rebounded from the seasonal lows witnessed earlier this month on empty commerce pipeline and the federal government’s transfer to buy instantly from the farmers for buffer shares. The rebound in costs is regardless of the rising development in market … Read more
The Centre has been making concerted efforts to manage the sharp rise in costs of rice over the previous few months and has even warned merchants that it may resort to actions reminiscent of imposing inventory limits and even banning exports. However the efforts have been in useless. Commerce and trade sources, chatting with businessline on the … Read more
The Meals Ministry is banking on the suggestions of the Agriculture Ministry that’s optimistic of a file wheat manufacturing this 12 months to replenish its official reserves. Often called buffer shares, official reserves will seemingly be the bottom within the final 16 years however across the necessary buffer norm as of April 1. “We … Read more
The Meals Company of India (FCI) has allayed fears of any issues because of decrease wheat procurement this yr and expressed confidence in shopping for a amount greater than the annual requirement below all welfare schemes. Briefing the media on the achievement of FCI since its inception in 1964, FCI Chairman and Managing Director Ashok … Read more
The Authorities is reportedly contemplating a couple of measures to examine rice costs, together with inventory restrict and retail gross sales at discounted charges., The Reserve Financial institution of India has flagged the problem as a priority. The Centre is mulling these measures following poor offtake of the grain within the weekly public sale on … Read more