Sugar companies await ₹5,600-crore export subsidy from Govt
This is in addition to ₹2,500 crore in receivables towards buffer stock and interest subvention schemes
After setting a new record in exports, sugar companies are now looking up to the government for the release of ₹5,600 crore, the promised export subsidy as of August-end.
Coffee exports rise a tad in H1
India’s coffee exports in the April-September period of the current financial year rose marginally in rupee value terms on higher realisations aided by a weaker currency. This is despite a decline in volumes during the period.
Coffee shipments were valued at ₹2,788.9 crore during the period, up 1.12 per cent over the same period last year’s ₹2,757.89 crore. However, in dollar terms, the shipments were lower by about 6 per cent at $370.98 million as against $394.79 million in the corresponding period last year.
AP’s MSP for chilli, turmeric disappoints
The Andhra Pradesh government’s statement announcing MSP for 22 crops (excluding two variants of paddy and cotton) comes at a time when private mandis and a common national market for agri produce are being debated as the three Central agricultural acts came into force last month. All the MSP prices announced by the State seem to be taken from the Commission for Agricultural Costs and Prices’s recommendations for the kharif marketing season 2020-21.