MSPs for Key Crops Increased Before Sowing Season Begins The government of India (GOI) has raised the 2017/18 Minimum Support Prices (MSPs) for rabi crops in order to encourage farmers to plant more pulses and oilseeds. The MSPs for wheat and barley were also increased.
The government and its agencies pay the MSP to procure stocks if market prices fall below that set level. Those prices of oilseeds and pulses dropped below the MSPs in 2016/17, but GOI did not purchase much. Now pressure is building on the government to ensure that farmers receive at least thae value of the MSPs from the market or the government. Interestingly, GOI did not increase the MSP for sugarcane, keeping it at Rs.2,550/MT ($39.23/MT). Meanwhile, the Uttar Prades...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Argentina Wheat Signs of El Niño are beginning to emerge across Argentina, with rainfall recorded across several key agricultural regions this week. The Core region's wheat crop has benefited particularly from these rains, alleviating previous moisture deficits and providing a firmer flo...
