Modi govt allocated 2.5 lakh metric tonnes wheat for NAFED, NCCF & Kendriya Bhandars which was later processed into flour & is being sold at ₹27.50 per kg at outlets & mobile vans.
The retail price in Delhi continues to be Rs 23 per kg while the farmers in Lasalgaon get only about Rs 7 per kg. The start-ups in the field have failed to connect farmers to consumers.
Only when the procurement of an entire range of commodities – from Manipur oranges and Uttarkashi apples to Sunderban raw honey– is put on an even and transparent keel will India’s rural economy grow.
Our leading agribusiness organisations and farmers can set up agriculture operations in Central Asia, Latin America, and Africa where arable lands are aplenty.
As of 31 July, agencies have procured over 1.8 LMT of onions — 90% of the aimed buffer stock. This will help price stabilising market interventions should they be needed.
Prices of pulses have seen sustained inflation this year, hovering above the Rs 100/kg in the retail market. Govt move comes ahead of gradual unlocking, with the festival season just weeks away.
Over the last two weeks, wholesale and retail prices have more than doubled in several markets across India, including the largest wholesale onion market in Nashik.
The government had nearly doubled its buffer stock target to 1 lakh metric tonnes after last year’s price rise, but so far, it has only procured 45,000 MT.
The Indian govt has maintained a veil of silence in a sense to allow it to manoeuvre with the US, which is an increasingly important technological partner and supremely important for Indian exporters.
Other key promises in the budget include AI- and other technology-enabled services for farmers and continuation of the Ladki Bahin Yojana, which will have the same outlay.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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