Move aimed at controlling the spiralling prices of pulses; all consignments have to come by Nov 30, before the new local crops arrive
India's foodgrain production is estimated to rise 2 per cent in 2020-21 crop year to an all-time high of 303.34 million tonnes
Damage to standing crops due to extended rain, depletion of stocks at home and in global markets could spoil the calculations
Moong will be offered at Rs 92 per kg and urad at Rs 84-96 per kg, much lower than prevailing retail market prices, she said
Government confident of bumper harvest; could cool down inflation but experts say excess rains, pest attach could play spoilsport in some crops
The area planted with rice, the main food crop of the world's second-most populous country, was 26.7 million hectares, compared with 22.4 million hectares in the year-earlier period
On the other hand, UP has not only distributed its full April quota of 35,000 tonnes of free pulses, but is also preparing to give the May and June quota at one go
While processing units continued to operate at less than 30-40% capacity, transportation of pulses was impacted, spiking retail prices even as wholesale prices remained subdued
A stock limit will be imposed only under very exceptional circumstances like national calamities, famine with a surge in prices.
In total, in three months, starting from April, around 590,000 tonnes of pulses will have to be distributed for free to over 195 million families under the Garib Kalyan Yojana package
States can buy up to 25 per cent of produce immediately
Increases daily limit to 40 quintals per farmer a day, from earlier 25 quintals
Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth
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Package announced includes both food security and cash transfer components
APMCs had earlier voluntarily discontinued auctions of grains and pulses at the markets since these were non-perishables
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
India's rabi sowing has reached new records this year on the back of strong post-monsoon showers which have ensured adequate soil moisture reducing farmers' expenditure on irrigation
ETC India is a wholly-owned subsidiary of ETC Group Ltd (ETG), a strategic client of MAS Agribusiness with investments in Africa and India
Other pulses follow suit; govt allows imports and release of buffer stock to cool prices