NCDEX guiding farmers to use options contract
National Commodity and Derivatives Exchange has started options familiarisation initiative among Farmer Producer Organisations to buy put options in RM Seed and Chana. Initially, FPOs can buy put options RM seed and Chana, which are being sown by farmers in the ongoing rabi season. NCDEX would spend about ₹1 crore in covering the cost for buying options contract up to 5,000 tonnes of both the commodities.
Rabi sowing crosses 100 lakh ha
Riding on good rains that the country received during the just-concluded monsoon season and sufficient water storage in reservoirs, farmers have planted over 100 lakh hectares (lha) till last Friday — up 18 per cent from 85 lha covered in the corresponding week last year.
Capital subsidy schemes to converge with Agri Infra Fund
To give impetus to agriculture infrastructure projects, the government has decided to allow seamless convergence of capital subsidy schemes of other departments and ministries with those undertaken with the Agriculture Infra Fund, according to officials.