Rice inflation: FCI chief says PDS rice quality good; appeals traders to buy grain under OMSS

By
FCI Chief Ashok K Meena expressed concern over rice inflation and urged traders to buy rice under the Open Market Sale Scheme (OMSS) to boost domestic availability and contain price rise. The FCI increased the bid quantity to 2,000 tonnes per bidder from 1,000 tonnes and reduced the minimum bid quantity to 1 tonne from 10 tonnes to encourage more participation.

from Agriculture-Economy-News-Economic Times https://ift.tt/04qCWlu

Comments

Post a Comment

Popular AgriNews

Govt to increase procurement of tur dal to tame prices

By
The government plans to significantly increase tur dal procurement from a few metric tonnes to 8-10 lakh metric tonnes to control prices amid reduced acreage and expected low production. Tur dal retail prices rose over 40%, from Rs 112 to Rs 158 per kg. Despite efforts to boost imports by removing import duty on tur, retail inflation in pulses surged to 18.79% YoY in October. from Agriculture-Economy-News-Economic Times https://ift.tt/9Es3D16
Read more

India's year-on sugar production till January 15 lags by 5.28%

By
Expecting a fall in India's sugarcane production due to drought conditions in Maharashtra and Karnataka, India has banned use of sugar syrup and B-heavy molasses for ethanol. However, despite the sugar production being lower than previous year, citing 'reports', the ISMA has now claimed that the sugar production is likely to be higher than expected earlier. from Agriculture-Economy-News-Economic Times https://ift.tt/sre8uKY
Read more