Telangana govt to buy entire rabi output; traders can too, if they pay MSP
With Covid-19 disrupting agriculture supply chain, and standing crop nearing maturity awaiting start of full-scale harvesting season, the Telangana government has decided earmarked ₹35,000 crore to buy all of the farmers’ produce.
Of this, about ₹25,000 crore would be spent on procuring paddy, and the balance for procuring horticultural produce and pulses. The State is expecting an output of 51 lakh tonnes of foodgrains, including paddy and maize, which is 46 per cent more than the last year’s rabi output.
As lockdown hits supply, dal millers want govt to release NAFED stocks
As the shortage of raw materials, triggered by the lockdown, begins to hurt pulses processors, dal millers want the Government to release the stocks held by NAFED to ensure that supplies are maintained.
“Millers have started facing a shortage of raw material. Farmers are holding on to their produce due to lack of transport and there’s hardly any trading in APMCs,” said Suresh Agarwal, President of Indore-based All India Dal Mills Association. “The Government should start releasing the stocks to ensure that factories keep processing the pulses,” he said.
Covid-19 lockdown may brew trouble for tea sector
While Tamil Nadu withdrew the restrictions yesterday, the entire sector has come to a grinding halt in all other major tea growing states of Assam, West Bengal, Kerala, Karnataka etc.
Assam contributes to half of India’s 1,300 plus million kg of production while another 25 per cent production comes from West Bengal. The economy of upper Assam and North Bengal are almost entirely dependent on tea.
The lockdown coincided with flush production and will virtually kill Darjeeling tea industry that earns 40 per cent of annual revenue this season. The decision has impacted both large estates and small growers, contributing more than half of India’s production, in equal measure.