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Wheat procurement touches 30.1 MT till date

The Dollar Business Bureau The country is looking at good wheat output this year. Wheat procurement is generally done during April to March wheat marketing year. But this year procurement of wheat was taken up a month earlier by the Food Corporation of India. Till now about 30.1 MT of wheat has been procured by the FCI and other state agencies in the ongoing rabi marketing season of 2017-18. This is far beyond last year's total purchase of 22.9 MT of wheat. Wheat is procured from the farmers at a minimum support price which is now Rs 1625/quintal a marginal increase of Rs 100/quintal from the price offered last year. The government buys wheat from the farmers at the MSP rate specified to ...

Indias sugar output fell 10% in the last 4 months

The Dollar Business Bureau  India’s sugar output declined by 10% to 128.55 lakh tonnes in the first four months of the 2016-17 marketing year that began from October 2016, due to lower sugarcane production in Maharashtra on account of drought. The marketing year of sugar is generally between October to September. For the 2016-17 season, Indian Sugar Mills Association (ISMA) has revised its sugar production estimates to 21.3 million tonnes down, from its previous estimates of 23.4 million tonnes. The Association has also lowered the estimates for sugar consumption to 24.2 million tonnes for the current year after taking into account the news of slow sugar sales. “As on January 31, sugar mills in India have recorded a production of 128.55 lakh tonnes, against ...

Auction for Sale (Re-issue) of 7.73% Government Stock 2034-sl243

Dated 23rd November, 2015 | Copy of | Notification No. sl243 | Government of India hereby notifies sale (re-issue) of ‘7.73 per cent Government Stock 2034’ (hereinafter called ‘the Stock’) for an aggregate amount of ` 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F.No.4(13)-W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 by a price based auction using multiple ...

Auction for Sale (Re-issue) of 7.88 per cent Government Stock 2030 On 16th Nov

Dated 16th November, 2015 | Copy of | Notification No.sl236 | Government of India hereby notifies sale of 7.88 per cent Government Stock 2030’ (hereinafter called ‘the Stock’) for an aggregate amount of ` 7,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)-W&M/2008, dated October 8, 2008 by a price based auction using multiple price auction ...