CCI procures cotton
State-owned procurement agency Cotton Corporation of India (CCI) has purchased 2,51,045 bales of cotton till November 24 this season, Parliament was informed on Thursday. Each bale consists of 170 kg of cotton. In a written reply to the Lok Sabha, minister of state for textiles Panabaaka Lakshmi said Punjab led the states in offering the maximum raw cotton of 86,591 bales to the CCI, followed by Haryana with 21,762 bales. The Cabinet has approved an allocation of Rs 1,473 crore to meet losses in the disposal of cotton procured under the minimum support price (MSP) scheme by the CCI during the 2008-09 season (October-September), the minister said.
Indonesia to buy 500k t sugar
Indonesia is expected to buy between 300,000 and 500,000 tonne of white sugar for household consumption in the early part of next year, the first purchase since 2008, industry sources said on Thursday. Southeast Asia?s largest sugar consumer had scaled back purchases of white sugar for direct consumption due to ample supplies, but a decline in production in the current crushing season would prompt the government to allow imports again, they said. Premiums for Thai white sugar jumped to $23 a tonne to London?s March contract on Thursday, its strongest since June even as the London futures hit a fresh record high.
U?khand declares cane SAP
Uttarakhand government on Thursday announced the state advised price (SAP) for sugarcane at Rs 192-197 with a promise of bonus for the year 2009-10. Announcing this at a press conference here, state sugarcane minister Madan Kaushik said the mill owners of the state would pay Rs 192 per quintal to sugarcane growers for normal variety and Rs 197 per quintal for early variety.
Rs 1/kg rice from New year
Puducherry Government would make available 10 kg of rice at Re one a kilo through fair price shops to all families holding yellow colour ration cards from New Year, welfare minister M Kandasamy said here on Thursday. Distributing benefits of various welfare schemes to the physically and visually challenged per ons at the celebration of the ?international day of the disabled? conducted by Department of Social Welfare here, he said poor families holding red colour cards were already getting free rice at 10 kilos a month for a card.
Paddy arrival in Haryana
Over 44.49 lakh tonne of paddy arrived in the mandis of Haryana till Wednesday as against the total arrival of 43.03 lakh tonne during last year. The state has so far contributed over 1.91 lakh tonne of rice to the Central pool, an official spokesman said here on Thursday. He said paddy which arrived in the mandis of the state had been purchased either by the government agencies or by the millers or dealers.
Turmeric futures down
India turmeric futures ended weak on Thursday for the third consecutive session as selling pressure continued due to profit-taking, analysts said. Profit-taking was triggered on Tuesday after prices hit their upper limit for the previous three sessions. Weak demand in the spot markets also pressured prices down, said Chowda Reddy, an analyst with JRG Wealth Management.