• ‘Chana farmers to lose Rs 6,170 crore’

    PUNE : Chana farmers stand to lose Rs 6,170 crore as they have not received the government assured minimum support price (MSP) for a good chunk of their crop, according to the ‘loot calculator’ of Jai Kisan Andolan (JKA), a movement which works for farmers’ rights.  The Andolan, launched by Yogendra Yadav founded Swaraj Abhiyan, has gleaned this crop of data based on an expected production of 1,110 lakh quintals of chana and an MSP of Rs 4,400/ quintal.  The government procurement at MSP has been targeted at only 424.4 lakh quintal. Farmers will be forced to sell the remaining 685.6 lakh quintals in the open market at below MSP rates. JKA says farmers will face losses of Rs 900-1,100/quintal as the market price is Rs 3,300-3,500/quintal. This results in a Rs 6,170-crore loss. Read more Read more at://economictimes.indiatimes.com/articleshow/63795264.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at://economictimes.indiatimes.com/articleshow/63795264.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


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  • Chana futures extend slide, down 0.63 pc on adequate stocks

    Chana prices went down further by 0.63 per cent to Rs 3,654 per quintal in futures trade today as participants engaged in reducing holdings, triggered by ample stocks position on increased arrivals from producing belts at spot market against subdued demand.\ At the National Commodity and Derivatives Exchange, chana for delivery in May declined by Rs 23, or 0.63 per cent, to Rs 3,654 per quintal with an open interest of 98,110 lots. Similarly, the commodity for delivery in April was trading lower by Rs 17, or 0.46 per cent, to Rs 3,640 per quintal in 8,510 lots.Read more


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  • Pulses exports rise 18% in April-February

    Exports of pulses are beginning to look up after the Centre removed curbs on overseas shipments last November, after almost a decade. However, the pulses trade feels that Indian exporters may have to work hard to regain lost markets amidst a global surplus. Pulses shipments rose 18 per cent in volume during the April-February 2017-18 period at around 1.34 lakh tonnes against the corresponding previous year’s 1.13 lakh tonnes, per provisional data released by the Agricultural and Processed Food Export Development Authority (APEDA).Read more


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  • Masoor, its dal slide on low demand

    New Delhi, Apr 16 () Masoor and its dal prices went down by up to Rs 100 per quintal at the wholesale pulses market today due to a fall in demand from retailers against sufficient stocks position. However, other pulses moved in a narrow range in limited deals and pegged at the last levels. Traders said, easing demand from retailers against ample stocks position, mainly weighed on masoor and its dal prices. In the national capital, masoor small and bold fell by Rs 50 each to Rs 3,650-3,750 and Rs 3,750-3,850 per quintal, respectively. Its dal local and best quality also enquired lower by Rs 100 each to Rs 4,000-4,400 and Rs 4,100-4,500 per quintal.Read more


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  • Wholesale inflation eases to 2.47% in March; pulses to get cheaper

    On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year. According to a government data released today, food articles showed deflation at 0.29 per cent in March as against a 0.88 per cent inflation in the preceding month. Deflation in vegetables was 2.70 per cent, pulses (20.58 per cent) and wheat (1.19 per cent) in March. Inflation in 'fuel and power' basket however rose to 4.70 per cent in March from 3.81 per cent in the previous month. The inflation data for January was revised upwards to 3.02 per cent from the provisional estimate of 2.84 per cent.Read more


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  • India’s exports fall in March, imports rise

    India's exports during March inched lower by 0.66 per cent to $29.11 billion from $29.30 billion worth of merchandise shipped out during the corresponding month last year, official data showed on Friday. According to the data released by the Ministry of Commerce and Industry, exports during 2017-18 grew by 9.78 per cent to $302.84 billion from $275.85 billion reported for 2016-17. The country's imports during the month under review rose by 7.15 per cent to $42.80 billion in March 2018 from $39.95 billion in the like period of 2017.Read more


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  • Chana futures fall 0.52% on tepid demand

    Chana prices drifted lower by 0.52 per cent to Rs 3,657 per quintal in futures market today as participants cut exposure amid muted demand at the spot market. At the National Commodity and Derivatives Exchange, chana for delivery in April moved down by Rs 19, or 0.52 per cent to Rs 3,657 per quintal with an open interest of 8,540 lots.Read more


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  • Wholesale inflation eases to 2.47% in March; pulses to get cheaper

    Inflation based on wholesale prices eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables. On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year. According to a government data released today, food articles showed deflation at 0.29 per cent in March as against a 0.88 per cent inflation in the preceding month. Deflation in vegetables was 2.70 per cent, pulses (20.58 per cent) and wheat (1.19 per cent) in March.Read more


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  • As procurement deadline nears, tur growers in Maharashtra stare at Rs 1,067-crore loss

    Tur growers in Maharashtra are staring at a cumulative loss of Rs 1,067 crore as the commodity is trading well below the government-mandated Minimum Support Price (MSP) of Rs 5,400. Government procurement at the 180 centres is about to end on April 18 and growers in Maharashtra have little hope of price recovery towards the end of the season. Tur had grabbed headlines in 2016 when prices of the lentil had crossed the Rs 6,000 per quintal-mark at Latur’s Agricultural Produce Market Committee (APMC). Read more


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  • Subdued Demand Impacts Chana Price

    Cash pulses markets stayed almost steady at the wholesale pulses market in Delhi as prices hinge in narrow range in scattered deals and settled at previous levels. Stock is said to be at adequate level in the cash market while demand remained subdued. Cash pulses market is unlikely to move up as dal demand may decrease with incoming mango season. Read more


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