Fall in local prices, rupee depreciation drive oil meal exports up by 150% in Nov: SEA
Sharp fall in local prices of oilseeds coupled with depreciation of rupees has resulted in a jump of 150% in year-on-year export of oilmeals in November 2022 over the corresponding month of previous year. Export of rapeseed meal in the first 8 months has set a record by breaking previous high of 2011-12 fiscal, said industry body Solvent Extractors’ Association (SEA) of India in a report.
India exported 4,07,193 tonnes of oilmeal in November 2022 as compared to 1,63,057 tonnes of exports in November 2021.
The overall export of oilmeals during the six months from April to November is reported at 23,92,026 tonne as compared to 15,96,870 tonnes, up by 50%.
India set to offer wheat to flour millers, biscuit makers to tame prices: Sources
India is set to offer 2 to 3 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers as part of efforts to cool record high prices, two government sources said, even as state reserves have dropped to the lowest in six years.
Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output.
A jump in exports following Russia’s invasion of Ukraine also pushed up local wheat prices, prompting India, the world’s second-biggest producer of the grain, to order a ban on exports in May, but that has failed to stop domestic prices rising.
1,260 mandis onboarded on eNAM in 25 states/UTs so far: Narendra Singh Tomar
The Centre on Tuesday informed Parliament that it has achieved integration of 1,260 wholesale mandis, located in 22 states and three union territories, with the electronic-National Agriculture Market (e-NAM). Right now, farmers auction their agricultural produce at 6,900-odd APMC (Agriculture Produce Marketing Committees) mandis spread across the nation. Some of them are also using online bidding through e-NAM platform.
In his written reply to the Lok Sabha, Agriculture Minister Narendra Singh Tomar said: “As on November 30, 2022, 1,260 mandis of 22 States and 3 UTs have been integrated with e-NAM platform.”
These states include Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Nagaland, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, Jammu & Kashmir, and Puducherry, he said.
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