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: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
