In anticipation of the upcoming operationalisation of online stock monitoring from 15 April 2024, the government has issued a warning against forward trading, a practice known to distort the market, to ensure sufficient supplies of pulses in the country. According to an official statement, Consumer Affairs Secretary Nidhi Khare has taken proactive steps to ensure […]
To manage the overall food security and to prevent hoarding and unscrupulous speculation, the Centre has decided that traders, wholesalers, retailers, big chain retailers and processors in all states and union territories have to declare their stock position of wheat on the portal (https://evegoils.nic.in/wheat/login.html) with effect from 1 April 2024 and then, on every Friday […]
India’s vegetable oil imports witnessed a 13 per cent year-on-year (YoY) decline in February 2024, reaching nearly 9.75 lakh tonne, according to data released by the solvent extractors’ association of India (SEA). This decrease follows a similar trend observed in January 2024. The SEA reported that total vegetable oil imports, which encompass both edible and […]
India, the world’s largest rice exporter, is expected to witness a decline in rice production for the first time in eight years during the 2023-24 crop year. This development comes amidst concerns over below-average rainfall impacting agricultural output. The Indian government, through the Ministry of Agriculture and Farmers Welfare, revealed that rice production is projected […]
India has extended the timeline for duty-free imports of yellow peas by a month through April, 2024, an official gazette notification said. In early December, the central government allowed duty-free imports of yellow peas until March 2024. It was part of New Delhi’s intervention to cool the prices of the overall pulse basket. Reportedly, the […]
Rice retailers, wholesalers and processors are asked that beginning next Friday, they disclose their stock holdings, Sanjeev Chopra, Secretary Department of Food and Public, said. The reporting of stocks is irrespective of the category of rice–basmati or non-basmati, parboiled or broken. “To check the prices of rice retailers, wholesalers and processors are advised that the […]
Concerns mount over the severe disruptions in global trade as the United Nations Conference on Trade and Development (UNCTAD) issued a stark warning. The ongoing crisis in the Red Sea shipping route, compounded by geopolitical tensions in the Black Sea and climate-related challenges in the Panama Canal, is creating a complex and multifaceted challenge for […]
India’s agriculture exports, presently exceeding USD 50 billion, are set to witness a significant surge, potentially doubling to reach USD 100 billion by 2030, as stated by Commerce Secretary Sunil Barthwal on Monday. Addressing the audience at the IndusFood Show 2024 in Greater Noida, Barthwal expressed confidence in the growth trajectory, stating, “I am very […]
The government is concerned about reduced rabi crop sowing potentially leading to heightened inflation prior to the 2024 general elections, especially with significant price hikes in cereals and pulses. As the rabi sowing nears completion, data from the agriculture ministry indicates a decrease in the area under wheat by 4 per cent, rice by 2 […]
In a proactive measure to enhance the availability of essential commodities in the open market and mitigate inflationary trends, the Food Corporation of India (FCI) has successfully conducted 25 e-auctions, resulting in the sale of 48.12 Lakh Metric Tons (LMT) of wheat under the Open Market Sale Scheme (Domestic). According to a press release by […]
