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Policy● Neutral for Indian equities
Indian govt approves procurement of 7.11 lakh tonnes of soybean, moong, and tur at MSP in 3 States
The brief
- Government approved procurement of 7.11 lakh tonnes of soybean, moong and tur at MSP in 3 states
- Uttar Pradesh and Karnataka growers will benefit by ₹5,547.99 crore
- MSP procurement supports growers and may affect soybean and pulses prices; relevant to farm-input firms
- 12% deficit: Rain report gives a dry reading
- Edible oils duty cut: Indian govt has to balance consumers’ and farmers’ interest, says Agriculture Minister
- India cuts FY27 foodgrain production target by 2.63 million tonnes amid El Niño fears
- Pulses prices surge up to 11% in a month as festive demand, crop concerns bite
- India’s kharif crops output may be lower, crops in winter season also at risk in rainfed areas