Crop Prices

The government had allowed the duty-free import of yellow peas in December 2023 and subsequently extended it thrice till February 28 to boost domestic supplies after the local crop failed

The government targets shipments of Rs 50,000 crore annually

The state wants to encourage farmers for crop diversification and go for wheat, gram, and peas in this season

Despite the price hikes, margins continued to be under pressure in the quarter

This will be the lowest output in two years, according to first estimate

After a pandemic slump, consumer goods makers are banking on a good monsoon but erratic rain patterns make a sustained recovery open to question

Prices across grains, oilseed and softs markets have rallied as supply shortfalls abound

SOPA says surge driven by excessive speculative activity in exchanges

They have dispensed with middleman, get better crop prices

Report points to the possibility of grains being hoarded by farmers and traders to be sold at a later date when mandi operations and logistics normalise

The forecast is expected to be available from the 2019 kharif season for a few crops and will be expanded to cover others, depending on the success of the models

Upside in mustard seed and maize prices too might be capped