Barley prices rise in Jaipur on stockists’ demand

Prices of barley rose in Jaipur, Rajasthan, due to improved demand from domestic stockists amid shrinking supplies of the grain. Rising demand from malt industries also supported prices. Despite peak arrival season, supplies have declined because farmers are holding the produce in anticipation of a further rise in prices.

Delhi chana up on dal millers’ buys, low arrivals

Chana prices were up in Delhi due to improved demand from dal millers and lower arrivals of the commodity in the market. The most-active May contract on the NCDEX was up 0.7%. Higher marking of chana in the April delivery is also indicating revival of the demand.

Madhya Pradesh offers 100 rupees/100 kg incentive on MSP for chana

Madhya Pradesh government has announced an incentive of 100 rupees per 100 kg on minimum support price of chana to registered farmers of the commodity. The incentive is valid for the crop harvested in 2017-18 (Jul-Jun) rabi season. The state government is giving the incentive to the farmers registered under Krashak Samruddhi Yojana. The minimum support price and the incentive would be credited directly into the accounts of farmers.

Sugar production in state at all-time high, but price crash a major worr

This year, Maharashtra has broken a record and touched the highest sugar production in its history at 105.58 lakh tonnes. By the end of the season in May, sugar output in the state is set to hit 107-108 lakh tonnes. The previous record was in 2014-15 at 105.14 lakh tonnes. But the glut is worrying for sugar factories and cane farmers. Sugar prices have crashed by Rs1,000 per quintal from Rs3,600 to Rs2,600. This is making it hard for factories to pay cane farmers the price set by the Centre at Rs2,550 per tonne. Pending dues to the state’s cane farmers are at Rs2,277 crore.