Wheat stockpiles above buffer stock norm as of Oct, says Piyush Goyal

Synopsis It dips to the lowest on April 1 as accumulated stocks get released for beneficiaries of government schemes ahead of the new crop coming in. India’s stockpile of wheat was above the buffer stock norm at the last scheduled count on October 1 and the next such quarterly review which takes into account seasonal […]

Farmers paid Rs 1.25 lakh crore as claims till Oct 31: Government

Synopsis “In the last 6 years, Rs 25,186 crore have been paid by farmers as the premium, wherein Rs 1,25,662 crore have been paid to the farmers against their claims as on October 31, 2022 with Central and state governments bearing most of the premium under the scheme,” an official statement said, while clarifying on […]

India’s record high prices spur wheat sowing, area up nearly 11% y/y

Synopsis Farmers have also increased acreage under rapeseed, the key winter-sown oilseed, to 7.1 million hectares as of Nov. 25, up from last year’s 6.2 million hectares, the Ministry of Agriculture & Farmers’ Welfare said in its weekly update of sowing data. An intense spell of post-monsoon rains in October and November raised soil moisture […]

India’s cotton exports stall as farmers delay sales hoping for higher prices

Synopsis “Harvesting of the new crop started last month, but many farmers are not willing to sell. They are holding crop hoping prices would rise like the last season,” said Atul Ganatra, president of the Cotton Association of India (CAI). Indian traders are struggling to export cotton despite higher production as farmers are delaying sale […]

Trade body appreciates Ministry of Textile and Ministry of Agriculture’s initiatives

Leading trade body of textile industry hailed the initiatives taken in a recent meeting of Union Textiles and Agriculture Ministers for holistic growth of Indian cotton textile value chain. In a joint statement, T.Rajkumar, Chairman of Confederation of Indian Textile Industry (CITI), Manojkumar Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL) and  Ravi Sam, […]

India sees uneven distribution of rainfall, may affect foodgrain production

While the monsoon in India is tracking at 11% above normal, the distribution is uneven across the country and could pose a threat to this year’s foodgrain production and may worsen the inflation outlook, analysts said on Tuesday. July is a key month for Kharif. The sowing of kharif crops begins with the onset of […]

Wheat prices up 14% in 6 weeks on low supply

Synopsis Pune: Wheat prices have increased 14% in the past six weeks, as supplies dwindled due to the monsoon season and there is demand for milling, which may now make products like flour, maida, suji, biscuits and bread costlier. Small traders and farmers have sold off their wheat stocks, while multinationals and big traders are […]