Page 29 - Vol.37-No.1 issue

INDIA AGRICULTURE EXPORT

PADDY PROCUREMENT RISES BY 24.98 PC

COMPARED TO LAST YEAR

Ministry of Agriculture and Farmers “Paddy procurement for Kharif 2020- urad, groundnut pods, and soyabean
Welfare announced that paddy procure- 21 is continuing smoothly in the procur- having MSP value of Rs 1447.54 crores
ment for Kharif 2020-21 session showed ing States and Union Territories (UTs) of benefitting 144,969 farmers in Tamil
an increase of 24.98 percent with pur- Punjab, Haryana, Uttar Pradesh, Telan- Nadu, Maharashtra, Gujarat, Haryana,
chase of over 506.33 lakh metric tonnes gana, Uttarakhand, Tamil Nadu, Chan- and Rajasthan.
(LMT) of paddy up to January 4 against digarh, Jammu and Kashmir, Kerala,
405.10 LMT last year. Gujarat, Andhra Pradesh, Chattisgarh,
Odisha, Madhya Pradesh, Maharash-
tra, Bihar, Jharkhand, Assam, Karnataka
and West Bengal with purchase of over
506.33 lakh metric tonnes (LMT) of pad-
dy up to January 4, 2021,” the Ministry
said.
About 65.32 Lac farmers have already
been benefitted from the ongoing KMS
procurement Operations with an MSP Similarly, 5,089 MT of copra (the pe-
value of Rs 95596.84 crore. rennial crop) having MSP value of Rs
In the ongoing Kharif Marketing Sea- Further, based on the proposal from 52.40 crore has been procured benefit-
son (KMS) 2020-21, the government con- the States, approval was accorded for ting 3,961 farmers in Karnataka and Tam-
tinues to procure Kharif 2020-21 crops procurement of 51.66 LMT of pulse and il Nadu up to January 4, 2021, as against
at Minimum Support Price (MSP) from oilseeds of Kharif Marketing Season the last year corresponding purchase of
farmers as per existing MSP schemes. 2020, for the States of Tamil Nadu, Kar- 293.34 MT of copra. In respect of copra
“This is an increase of 24.98 percent nataka, Maharashtra, Telangana, Gujarat, and urad, rates are ruling above MSP in
against the last year’s corresponding Haryana, Uttar Pradesh, Odisha, Rajas- most of the major producing States. The
purchase of 405.10 LMT. Out of the total than and Andhra Pradesh under Price respective State/UTs Governments are
purchase of 506.33 LMT, Punjab alone Support Scheme (PSS). making necessary arrangements for the
has contributed 202.77 LMTs which is Up to January 2021, the Government commencement of procurement from
40.04 percent of total procurement,” the through its Nodal Agencies has procured the date as decided by the respective
Ministry said. 270579.82 metric tonnes (MT) of moong, States based on the arrivals in respect of
Kharif pulses and oilseeds.

Circle 39 on enquiry card
INDIA’S COTTON EXPORTS COULD JUMP 40%

TO SEVEN-YEAR HIGH AS PRICES RALLY

India’s cotton exports could jump 40% Global cotton prices have been near more than 77 cents from Brazil and the
in 2020/21 from a year ago to 7 million their highest in nearly 17 months, while United Sates, dealers with global trading
bales, the highest in seven years, as de- the Indian rupee hit a two-month low this firms said.
preciation of the rupee and a rally in week, increasing traders’ margins from Most of the shipments are heading to-
global prices allow exporters to clinch overseas sales. wards China and Bangladesh, said Arun
export contracts, the head of a leading Sekhsaria, managing director of export-
trade body told Reuters. er D.D. Cotton.
Higher exports by the world’s biggest India will have ample surplus for ex-
cotton producer in 2020/21 season, start- ports as the country is set to produce
ed on Oct. 1, could weigh on global pric- more cotton this year than last year’s
es and limit shipments from rivals such 35.45 million bales, Sekhsaria said.
as the United States and Brazil to key
Asian buyers such as China, Bangladesh In October traders exported 700,000
and Vietnam. bales and contracts for another 1 million
bales have signed for November ship-
“Export demand is good as our cotton ment, said a Mumbai-based dealer with
is the cheapest in the world market,” Atul a global trading firm.
Ganatra, president of the Cotton Associ-
ation of India, said. Limited availability of containers has
been delaying exports by a few days
A recovery in global prices could lift Indian cotton is being offered at around and cotton exporters have requested
Indian exports to 7 million bales in the 74 cents per lb, cost and freight-basis, to the Commerce Ministry to provide more
new season from 5 million bales a year buyers in China, Bangladesh and Viet- containers, Ganatra said.
ago, Ganatra said.
nam for November shipment, versus
Circle 40 on enquiry card
Vol. 37 No. 1 27