• Select pulses slide on low demand

    New Delhi, Oct 25 Weak conditions prevailed at the wholesale pulses market today as select pulses led by urad and gram drifted lower by up to Rs 300 per quintal owing to slackened demand against adequate stocks position. Traders said besides easing demand from retailers, ample stocks position on increased supplies in the market, mainly kept urad, gram and other pulses down. Meanwhile, the government yesterday increased the minimum support price (MSP) of pulses by Rs 200 per quintal to help boost the output of these crops and check prices. In the national capital, urad and its dal chilka fell by Rs 300 each to Rs 4,200-5,700 and Rs 5,300-5,400 per quintal respectively. Its dal best quality and dhoya followed suit and enquired lower by a similar margin to Rs 5,400-5,900 and Rs 5,800-6,000 per quintal.Read more


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  • Minimum Support Price is passe, but Narendra Modi government is unwilling to move on

    Given the distress in rural India, exacerbated by demonetisation, it is not surprising the government has announced a slightly bigger hike in the Minimum Support Price (MSP) for wheat, of 6.8% compared with a 6.6% increase in FY17. While it is the drop in prices of horticulture—now bigger than agriculture—that is more the cause of the distress, the government is not taking chances since the rabi crop is as important as the kharif one. There are chances the kharif output will come in at levels that are lower than anticipated following the excess rainfall in some regions and a shortfall in others. In aggregate, the weighted average increase for winter crops of an estimated 7.4% is slightly lower than the hike of 8.5% for FY17. While the government has implemented modest hikes—just 4% between FY14 and FY16—this year, the combined hike is slightly higher, at 6.6% compared with 6.4% in FY17.Read more


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  • Rabi MSP hike not enough to cover costs, say farmers

    BENGALURU, OCTOBER 24:   The Centre on Tuesday announced an increase in minimum support prices ranging from 6.4 per cent to 10.8 per cent for the forthcoming rabi season over the previous year. For wheat, the main rabi cereal crop, the MSP has been hiked by 6.8 per cent or ₹110 over previous year’s ₹1,625 per quintal. Similarly for rapeseed-mustard, another major rabi crop, the MSP hike was 8.1 per cent at ₹4,000. “The Government has substantially increased MSP for rabi agricultural crops,” announced Agriculture Minister Radha Mohan Singh on Twitter. For gram or chana, the main rabi pulses crop, the hike in MSP was ₹400 per quintal at ₹4,400 or 10 per cent per cent over previous year. Similarly, for safflower the MSP increase is ₹400 at ₹4,100 per quintal or 10.8 per cent over last year. For Barley, the MSP has been hiked by 6.4 per cent at ₹1,410 per quintal and for Masur or lentil, the increase is 7.6 per cent at ₹4,250 per quintal.Read more


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  • Area under agriculture crops up

    Data compiled for the just-ended kharif season show that the area coverage of agriculture crops has gone up significantly in the district, compared to the corresponding period last year, giving a strong reason for cheer among different stakeholders. The changes in fortune were attributed to heavy rain , which turned out to be more than the quantity received for the entire 2016 calendar year, and also the extension activities taken up by the Agriculture departmentto expand the area.Read more


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  • BS Agri Round Table: GST, note ban helped trace agriculture income flow

    Prime Minister Narendra Modi’s target of doubling farmers’ income in six years is achievable, provided farm policies and practices are modified, according to senior government officials and agriculture experts. Speaking at the Business Standard Agriculture Round Table, 2017, Agriculture Secretary S K Pattanayak said on Tuesday that 55 per cent of farmland was dependent on the monsoon and that the strategy to double the farmers’ income had to be different here compared to the land that was irrigated well. Quoting a study by the Food and Agriculture Organisation (FAO), he said irrigation alone could improve farm productivity by 2.5 times. In this respect, he said about 30 projects of the total 99 under the Pradhan Mantri Krishi Sinchai Yojana would be completed soon. The remaining ones will be completed in the next two-three years, he said. “This will add 7.6 million hectare of land under irrigation,” he said.Read more


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  • Support prices of wheat, pulses up

    New Delhi: The government on Tuesday increased the minimum support price (MSP) for wheat by Rs 110 and for pulses by Rs 200 to encourage farmers to increase the production of these crops. The cabinet committee on economic affairs hiked the wheat MSP to Rs 1,735 per quintal (per 100 kg) for the rabi crop (winter-sown). The prices of gram have been hiked to Rs 4,200 per quintal and of masoor to Rs 4,150 per quintal. MSP is the rate at which the government buys grain from farmers. It is also a form of market intervention to insure farmers against any sharp fall in prices. The support price also encourages farmers to bring more area under cultivation, which can act as a check on the prices and control inflation.Read more


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  • Govt hikes wheat MSP by Rs 110/qtl; pulses by up to Rs 400/qtl

    New Delhi, Oct 24 () The government today hiked the minimum support price (MSP) of wheat by Rs 110 to Rs 1,735 a quintal and of pulses by up to Rs 400 per quintal to encourage farmers to boost area and production of these crops. The Cabinet Committee on Economic Affairs (CCEA) has approved the MSPs of all rabi (winter-sown) crops for 2017-18. MSP is the rate at which government buys the grain from farmers. “Government has increased MSP of wheat by Rs 110 to Rs 1,735/qtl for 2017-18, up from Rs 1,625/qtl last year,” Agriculture Minister Radha Mohan Singh tweeted. In pulses, Singh said that the MSP of masoor has been increased by Rs 300 to Rs 4,250 per quintal, while that of gram by Rs 400 to Rs 4,400 per quintal.Read more  


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  • India to be self-sufficient in pulses in 2 years: Radha Mohan Singh

    NEW DELHI: India will not need to import pulses in the next two years and the country will be self sufficient to meet domestic demand, Agriculture Minister Radha Mohan Singh today said. The production of pulses stood at record 22.95 million tonnes in the 2016-17 crop year (July-June) as against 16.35 million tonnes in the previous year. The country imported about 5 million tonnes of pulses last fiscal. With bumper output and low domestic price, the government has recently restricted import of some varieties of pulses, which will lead to reduction in imports this fiscal. Read more      


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  • IPGA seeks inclusion of pulses in PDS to help farmers

    NEW DELHI, OCT 20:   Pulses industry body IPGA has demanded that the government should supply pulses through ration shops to provide better price realisation to farmers and ensure the country’s nutritional security. India Pulses and Grains Association (IPGA) has written a letter to Consumer Affairs Ministry seeking inclusion of pulses in the Public Distribution System (PDS) as this would have a beneficial impact on India’s farm sector and economy. Under the National Food Security Law, the Centre provides 5 kg of highly subsidised wheat and rice per month at Rs. 2-3 per kg to over 80 crore people, costing exchequer about Rs. 1.4 lakh crore annually.Read more


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  • Bring pulses under public distribution system: IPGA

    NEW DELHI: Pulses industry association Indian Pulses and Grains Association (IPGA) has demanded that pulses be brought under the public distribution system (PDS). According to IPGA, doing so would be beneficial both to farmers’ incomes and citizens’ nutrition. The demand has been placed with the consumer affairs ministry through a letter, which pointed out that under the National Food Security Law, while the Centre provides 5 kg of substantially subsidised wheat and rice per month at Rs 2-3 per kg to over 80 crore people, there was no such policy for pulses. Wheat and rice subsidies cost the exchequer a cumulative Rs 1.4 lakh crore per annum.Read more


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