1.   

Rice exports to touch 7 m tonnes in 2011-12

Global credit ratings agency Crisil has predicted that India's rice exports are set to register a three-fold increase at 7 million tonnes in 2011-12 on growing output and weak production outlook in major exporting countries. “Expectation of a bumper rice crop in India in 2011-12 (October 1 to September 30), lifting of the ban on non-basmati rice exports and a weak production outlook for most rice-exporting countries could lead to .....

2.   

Agri min seeks further cut in export floor price of onions

The agriculture ministry has sought a further cut in the minimum export price (MEP) of onions, citing plummeting prices of the commodity due to a bumper harvest. The proposition, seeking a cut to $200 per tonne from $250 per tonne, has been forwarded to the commerce ministry. Sources told FE that the move would allow players to export more of the commodity as prices have gone down significantly at Nasik, the hub of the country’s .....

3.   

Centre ready to support states keen on exporting perishable items

The Centre is ready to support states that want to export perishable items like potato, the Agriculture Minister, Mr Sharad Pawar, informed the Rajya Sabha today. He said during Question Hour that the Centre is implementing Market Intervention Scheme (MIS) on the request of states for procurement of agriculture and horticulture commodities that are generally perishable and not covered under Price .....,

4.   

Groundnut prices gain due to high export demand

Low availability of groundnut for crushing coupled with high demand has led the price of groundnut oil to increase by more than Rs 150 per tin in the past one week. According to market sources, high demand and short supply may push up groundnut oil prices even more in coming days. On Monday, groundnut oil (sold loose) was traded at Rs 960- 965 per 10 kg which was Rs 835-840 a week ago and has increased by .....