Farm Commodities

With no one to take them to mandis, most farm commodities fall below MSP

Labour shortage, transport issues and mandi closure disrupt supply. A large part of the crop hasn't been harvested and risks rotting away

Apeda blacklists basmati rice brands Mohsen and Avazah over defaults

Agency will not issue requisite certificate clearing exports under these two labels, due to persistent non-payment by Gulf importers for consignments shipped from Indian shores

NCDEX's turnover halved in two weeks over castor seed futures default

Exchange says it's strengthening risk management, seeking feedback

States may get room to buy commodities in price crash

New Delhi will compensate up to 25-30% of the loss on the value of the MSP and this can go up to 40% for Northeastern states

Centre mulls freedom to states to buy farm commodities in case prices fall

To compensate farmers for any sudden and unexpected drop in open market prices of commodities, the Central government is contemplating variety of options which could include giving states freedom to purchase farm produce other than grains as and when required and also a national price deficit scheme on the lines of one floated by Madhya Pradesh recently.On the latter (price deficit scheme) though, opinion is divided within the government with a section feeling that such an initiative is fraught with challenges and could lead to operational difficulties on ground if expanded at the national level. Sources said senior officials from the Madhya Pradesh government was recently in the capital to apprise the Centre about the scheme and its performance so far.The market assurance scheme or system (MAS) as being is proposed within the government gives the states all the powers to purchase any commodity whose price have fallen below the Minimum Support Price (MSP) without waiting for any ...