Onion prices are expected to fall further in the days ahead, traders said. They said their cost of carrying the stocks needs to be covered.
Onion prices, which are driven more by sentiment than fundamentals, declined last week although some leading traders believe they may rally in September-October.
We cannot compete with the top soymeal exporting countries as our yields are just about one-third of the world average yields,” said Devish Jain.
Amid extreme caution after suicide of a farmer in April, Jantar Mantar to see satyagraha of sugar millers on June 24
The central government has already announced a subsidy of Rs 4000/tonne for export of 1.5 million tonne sugar till September 2015.
Groundnut oil has become the most expensive cooking oil in India, backed by growing consumption of peanuts as table nuts in the form of savouries.
To deal with cheaper imports of chicken legs from US, Indian industry has demanded permission to import at least one million tonne soya meal.
Despite the forecast of a deficient monsoon, coupled with its poor start, farmers are trying to maximise their returns.
Madhya Pradesh government has organised a two-day national conference on crop insurance to deliberate about overcoming the lacunae in the existing insurance schemes.
From crop year 2015-16, the Madhya Pradesh government had decided to dole out crop loans bearing an interest rate of minus 10 per cent.
The Indian Institute of Tropical Meteorology (IITM) expects the monsoon to cover most parts of India by end of June, except North-West India.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon