Agriculture Current Affair 28 September 2020

NCDC sanctions ₹19,444 crore for kharif procurement

National Cooperative Development Corporation (NCDC), the apex financing organisation of the Agriculture Ministry, has sanctioned funds amounting to ₹19,444 crore, as first instalment, to Chhattisgarh, Haryana and Telangana for kharif paddy procurement under minimum support price (MSP) operations.

This would be used by the States or State Marketing Federations to undertake paddy procurement operations through their respective cooperative organisations. Chhattisgarh gets the highest amount of ₹9,000 crore, while Telanagana and Haryana get ₹5,500 crore and ₹5,444 crore, respectively, an official statement said on Sunday.

Maharashtra sugar factories asked to cut down output, focus on ethanol

A top sugar federation in Maharashtra is encouraging factories to cut down on production of the sweetener in view of its surplus stock and instead focus on ethanol production. This will also help sugar factories in overcoming their losses, Maharashtra State Co-operative Sugar Factories Federation Chairman Jayprakash Dandegaonkar told .

The country produces about 310 lakh tonnes of sugar every year against the requirement of nearly 250 lakh metric tonnes. Maharashtra produces 90 to 100 lakh tonnes of sugar every year.

Centre offers processed moong, urad to states at subsidised rate for retail sale

The Centre has offered to provide processed moong and urad pulses from its buffer stock to state governments for retail sale at a subsidised rate in the current lean period in a bid to check any possible price rise, according to Consumer Affairs Secretary Leena Nandan.

Moong will be offered at Rs 92 per kg and urad at Rs 84-96 per kg, much lower than prevailing retail market prices, she said.

Leave a Reply