India rabi wheat sowing begins, acreage 77 lakh ha

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NEW DELHI (Commodity Online): India’s Wheat sowing has been shown in 76.67 lakh hectare against 85.92 lakh hectare last year on this date, according to preliminary reports of the government. Area coverage of wheat compared to last year is less due to mainly late harvesting of kharif Paddy crop. However, sowing of wheat is in…


India rice procurement crosses 10 mn tonnes in Kharif

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NEW DELHI (Commodity Online): Rice procurement in the Kharif Marketing season 2011-12 (October-September) has crossed the 10 million mark. According to statistics 101,04,088 million tonnes (Mts). rice has been procured by November 17, 2011 by the various government agencies during the current kharif season. Punjab has led the States by procuring 76,04,255 Mts. followed by…


India’s soaring wage bills may revive tea prices

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India’s buoyant wage and fertilizer costs, part of the inflationary picture which prompted the country to go against the grain in raising interest rates, may revive flagging tea prices, which have fallen to a two-year low. Malcolm Perkins, chairman of Camellia, the avocado-to-citrus grower, flagged "considerable concern" across the tea industry in India, the world’s…


India may re-impose 70% import duty on non-basmati rice

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  NEW DELHI (Commodity Online): On the back of surplus rice production, India may re-introduce import duty of 70% duty on semi and wholly-milled non-basmati rice from November. The import duty on rice varieties were under zero tax law for the past two years from 2009 as the rice production in India remained low during…


India CCEA pegs Rabi wheat MSP at Rs.1285

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NEW DELHI(Commodity Online): India’s Cabinet Committee on Economic Affairs(CCEA), the high-power ministerial group, on Tuesday approved the MSP (Minimum Support Price) for Rabi Crops of 2011-12 season to be marketed in 2012-13. The MSP of Wheat has been fixed at Rs.1285 per quintal marking an increase of Rs.165 per quintal over the last year’s MSP.…


India basmati rice production to gain 15.3% to 7.5 mn tonnes in 2011-12

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NEW DELHI (Commodity online): India’s Basmati Riceproduction is expected to increase by 1 mn tonnes in 2011-12 due to good weather conditions in Punjab, Haryana and Western Uttar Pardesh. The nation produced 6.5 million tons of basmati rice in 2010-11 which is expected to record 15.3 % growth to 7.5 mn tones in 2011-12 harvest.…


India may produce record over 86 mn tonnes of wheat: Sharad Pawar

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NEW DELHI: Wheat production is expected to cross 86 million tonnes to set a new record in the ongoing 2011-12 crop year, boosted by a good monsoon and a likely rise in support prices, Agriculture MinisterSharad Pawar said today. Wheat production in India, the world’s second-largest producer, stood at a record 85.93 million tonnes in…


Wheat, rice cheaper in Pakistan than India

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ISLAMABAD: The prices of wheat, rice, chicken and garlic are lower in Pakistan than in India, Bangladesh and Sri Lanka, authorities said. The National Price Monitoring Committee said food prices in Pakistan were comparatively lower than other countries in the region, reported Dawn. The panel has not ruled out the possibility of importing items of…


Evening markets: US harvest, India exports weigh on grains

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Consumers had the rub of the cloth in grain markets on Thursday, although with a key US report due next week, traders were reluctant to mark down prices too far. One factor in buyers’ favour was India’s return to wheat exports, with the country permitting 2m tonnes of shipments from its huge supplies. (Although it…


India’s fruit, vegetable output rises 3.7% to over 213 mn tonnes in 2010-11

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NEW DELHI: Country has witnessed a increase of 3.7 per cent in fruit and vegetable output to over 213 million tonnes in the financial year 2010-11. The rise is boosted by the increase in the area under cultivation. In a written reply to the Lok Sabha, Minister of State for Agriculture Mr Harish Rawat has…


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