Pulses not to be part of PM-GKAY scheme
The scheme will comprise only cereals such as wheat, rice
Unlike last year, the government will not be distributing pulses as part of the Pradhan Mantri Garib Kalyan Ann Yojana (PM-GKAY) and the scheme will comprise only cereals such as wheat and rice, Food and Public Distribution Secretary Sudhanshu Pandey said on Saturday.
As much as 80 lakh tonnes of foodgrains will be distributed to 80 crore belonging to Antyodaya Ann Yojana and Priority Households during May and June incurring a total expenditure of ₹ 26,000 crore. This will be over and above their entitlement under the National Food Security Act (NFSA).
Govt targets 17 million tonnes mustard production by 2025-26
High quality seeds would be provided to the farmers
The Government plans to bring around nine million hectares of land under mustard cultivation and raise the production to around 17 million tonnes (mt) by 2025-26, according to Shubha Thakur, Joint Secretary (Oilseeds), Union Ministry of Agriculture and Farmers’ Welfare.
Speaking at a webinar on ‘Mission Mustard 2025’, organised by Solvent Extractors’ Association (SEA) of India on Friday, she said that the average normal area for five years from 2014-15 to 2018-19 was 5.9 million hectares and the production was around 7.7 mt.
Forward contracts getting better response: Origo Commodities
Company expects contracts to top ₹1,500 crore annually within 3 years
Agri fin-tech firm Origo Commodities said its forward contracts for various agro commodities have been receiving good response from stakeholders such as processors, traders, corporates and investors among others.
The company expects forward contracts to touch ₹1,500 crore per year, within the three years, said Sunoor Kaul, co-founder and director, Origo Commodities. Over past four years, Origo Commodities has issued forward contracts to the tune of ₹500 crore, he said.