Page 7 - Msp

Govt's paddy procurement at MSP reaches 16.14 million tons so far

The government on Thursday said 161.47 lakh tonne of kharif paddy has been procured directly from the farmers at the support price so far, and the buying operation is progressing smoothly. Paddy procurement is undertaken by the state-run Food Corporation of India (FCI) along with state agencies. The agencies are procuring paddy grown in the kharif (summer) season at the minimum support price (MSP). "Up to November 1, a quantity of 161.47 lakh tonne of paddy has been procured, benefitting about 9.33 lakh farmers with MSP value of Rs 35,571.14 crore," the food ministry said in a statement. The 2023-24 kharif marketing season, which runs from October to September is "progressing smoothly," it said. The agencies procure paddy from farmers and mill it later to get it in rice form. The ministry is targeting is procure 521.27 lakh tonne of rice in the kharif marketing season, out of which 20.76 per cent (108.23 lakh tonne) has already been procured from Punjab, Haryana and Tamil Nadu.

From MSP to Pulwama: Here's what Satya Pal Malik said to Rahul Gandhi

On being asked about the solution to the problem in Jammu and Kashmir, Malik said that their statehood should be returned with immediate effect

Andhra shelves plan to frame law on legalising minimum support price

Fresh Draft may come up after proper consultation, sources said

Punjab farmers continue three-day 'rail roko' agitation over MSP demand

Due to the protest, several trains on the Ambala-Shri Ganganagar route were cancelled on Thursday

Punjab farmers go on 3-day protest over flood compensation, MSP

Police official Balvir S Ghuman said that massive security has been deployed to deal with the situation

Centre may raise rabi crop MSP by 2-7% for 2024-25 marketing season

An official was quoted as saying that MSP for wheat and Masur in the next season could be hiked by around 7 per cent to Rs 2,275-2,300 and Rs 6,425-6,450 a quintal, respectively

India's critical minerals' list likely to spur investment in allied sectors

The businesses will start investing initially. But for their requirements in the long term, experts expect joint ventures with global extracting, processing, and manufacturing companies for now

JCI plans e-auction jute trading platform to modernise supply chain

Jute Corporation of India (JCI) on Friday said it was working on an e-auction platform in jute trading to modernise the supply chain of the environment-friendly fibre. The Corporation said it was geared up for MSP (minimum support price) operation for the upcoming jute season beginning July 1, with its extensive network spread over eight states. JCI Chairman and Managing Director Ajay Kr Jolly said they are working on the finer details and ironing out the complexities involved in the e-auction system. The platform is expected to be owned and managed by JCI. Jolly said the Corporation has 110 purchase centres operated by it and will engage about 500 extended purchase centres in association with cooperatives and NGOs in eight states. This year, the MSP for reference grade of TD3 has been raised by Rs 300 to Rs 5,050 per quintal in the 2023-24 season. In the 2022-23 jute season, the corporation has already procured 5.6 lakh quintals, which is the highest in the last five years, Joll

Sunflower seed agitation in Haryana brings MSP problem to the fore again

The sunflower seed agitation in Haryana brings the problem of MSPs and their administration to the fore again

Farmers end protest in Pipli after assurance of 'appropriate price'

Farmers protesting over the MSP for sunflower seeds at Pipli in Haryana's Kurukshetra called off their agitation on Tuesday night after an assurance from the state government of "appropriate price" for the crop. Bharatiya Kisan Union (BKU) leader Rakesh Tikait said after fresh talks with the district administration in the evening, the farmers have ended the protest and the national highway blockade in Pipli has been lifted. Kurukshetra Deputy Commissioner (DC) Shantanu Sharma told PTI that farmers have been assured of "appropriate price" for sunflower crop. Sharma said the Haryana government always stands by farmers. "Either by increasing (crop) rate or 'bhavantar' rate, it is the Haryana government's decision to ensure right price of the crop and we will do this," he said. The DC also said Chief Minister Manohar Lal Khattar had promised setting up of a unit for processing 20,000 metric tonnes for sunflower in Shahabad and it will soon be fulfilled. Talking to reporters here, Tika

Tur, urad, masur: Tracking pulses as India preps for kharif season

Monsoon may see climate phenomenon, but country has enough stocks of chana

Farmers threaten agitation if sunflower is not procured at MSP in Haryana

With farmers at 'mahapanchayat' threatening agitation if sunflower is not procured at MSP in Haryana, wrestler Punia extended support

Farmers gather in Haryana for MSP on sunflower crop, release of leaders

BKU leader Rakesh Tikait, who is expected to reach the protest site Pipli in Kurukshetra district, has already threatened a larger agitation than the year-long protest

MSP announced by Modi govt inflicting losses on farmers, says AIKS

The All India Kisan Sabha (AIKS) on Thursday slammed the Centre over the recently announced MSP for the Kharif Season, and alleged that it is inflicting "huge losses" on farmers. The Union government on June 7 announced the Minimum Support Prices (MSP) for the Kharif Season 2023-24. "The MSP announced is unfair, belies the hopes of the farmers and inflicts huge losses on their incomes. Rather than doubling farmers' incomes as claimed by Prime Minister Narendra Modi, rising input costs coupled with unfair MSP will push large sections of the farmers, especially the small, marginal, middle farmers as well as tenants into indebtedness," the AIKS said in a statement. AIKS President Ashok Dhawale said the government has not kept its promise that the MSP will be given according to the Swaminathan Commission recommendation of C2 (production cost definition) plus 50 per cent. "It still remains a 'chunavi jumla' (unfulfilled election promise). Not a single crop has its MSP fixed as per this

MSP increase to impact CPI inflation by 10-12 basis points, says RBI

'Banks have been cautious. I think there is still some amount of liquidity sitting there', said Das

Farmers protest for MSP; Congress dubs Centre, Haryana govt anti-farmer

The Congress on Wednesday slammed the BJP governments at the Centre and Haryana, accusing them of being "anti-farmer" and breaking their promises every day.

Farmers block national highway near Shahabad on sunflower MSP issue

A large number of farmers on Tuesday afternoon blocked the national highway near Kurukshetra's Shahabad, demanding that government should procure sunflower seed at the MSP. The farmers blocked the Delhi-Chandigarh NH near Shahbad after a call was given by BKU (Charuni) chief Gurnam Singh Charuni. The protesting farmers claimed that the government was not buying sunflower seeds at the minimum support price, and as a result, they were forced to sell their produce to private buyers at around Rs 4,000 per quintal against Rs 6,400 MSP. Charuni said the government should procure the sunflower seeds at the MSP of Rs 6,400 per quintal. The protesters said they had given the government time till Monday, but their demand was not heeded. The farmers gathered at the protest site and crossed police barricades and blocked the NH, with some bringing their vehicles laden with sunflower seeds. Police had to divert traffic through other routes and link routes after the protesters blocked the ...

Despite hoping for better prices this season, rain dampens farmers' returns

Growers are staring at lower margins due to unexpected downpour during the March harvest. However, the FCI has come to their rescue

29% uptick in Madhya Pradesh farmers registering to sell wheat at MSP

Among other major wheat producers, procurement in Punjab is targeted at 13.2 mt, Haryana at 17.5 mt, and UP at 3.5 mt

Cabinet on Economic Affairs approves MSP for raw jute for 2023-24 season

The MSP of raw jute (TD-3 equivalent to earlier TD-5 grade) has been fixed at Rs 5,050 per quintal for 2023-24 season