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India has effected sharp cuts in the import duties on frozen turkeys, blueberries and cranberries, and scrapped the import duty on extra-long staple (ELS) cotton, as per a Finance Ministry decision notified late Monday. The move, which will make it easier for the US and other major producers to meet Indian consumers’ demand for these...

Guaranteeing a Minimum Support Price (MSP) across crops will support farm incomes and push consumption demand¸ CRISIL Market Intelligence & Analytics said on Tuesday, estimating that the “real cost” of such a guarantee for the government would be around ₹21,000 crore in the agriculture Marketing Year (MY) 2023. Noting that MSP-based procurement is currently only...

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said the State government was all set to introduce innovative schemes and increase farmers’ incomes in the upcoming annual Budget since agriculture and milk production played a pivotal role in the rural economy. He was speaking in Shimla during a first of its kind interaction with...

The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. The government has also announced the launch of “Bharat rice” to bring down rice prices in the market. However, millers and traders feel these are not enough to control prices. What...

Worried over the increase in rice prices, the Centre has asked traders/wholesalers, retailers, big chain retailers and processors/millers to declare their stock position of rice and paddy every Friday. Union Food Secretary Sanjeev Chopra said the decision is to manage the overall food inflation and to prevent unscrupulous speculation. Traders and millers will have to...