Telangana targets 70 lakh tonnes paddy procurement this kharif
Telangana government has set a procurement target of 70 lakh tonnes (lt) of paddy for the kharif season. This is up from the total procurement of 47.50 lt of paddy in the last kharif season.
The State has increased the procurement target after the total cropped area has gone up by 36 per cent. The State procured a total of 1.12 lt of paddy last year, including 64.50 lt in the rabi season.
Apple prices tumble in wholesale on weak demand, high supply
Apple prices have halved in two weeks in wholesale markets, with good quality fruit trading at Rs 40 to Rs 50 per kg as supplies have increased from Jammu & Kashmir and Himachal Pradesh, while demand is weak.
Around half of the expected 4 to 5 lakh tonnes of apple from Himachal Pradesh and 15% of the 20 lakh tonne from the valley has arrived in the various markets of the country, traders said.
Indian rice exporters raise concerns after Iran starts placing orders for basmati from Pakistan
Iran has started placing orders with Pakistan for basmati rice, raising concerns of Indian basmati rice exporters who have stalled exports to the Gulf nation due to non-payment of their dues worth Rs 1,700 crore. However, exporters see this merely as a temporary blip.
“Yes, we have heard that Iran has placed some order with Pakistan recently. It is nothing unusual. However, Pakistan exports 6 lakh tonnes of basmati rice in the world markets whereas India’s exports stands at 4.4 – 4.5 millon tonnes,” said Vinod Kaul, executive director, All India Rice Exporters’ Association (AIREA).