China taking advantage by negatively promoting Indian exports

- Commodity Current: Jayavadan Gandhi

The second wave of the Corona epidemic in India is being heavily negatively publicized around the world. As a result, the country's export orders are being severely affected. Some countries have been successful in raising a number of concerns over Indian credit by seeking assurances that the goods will be delivered on time when foreign buyers take orders from Indian exporters. In which mainly China's hand is at the top. Negative publicity for Indian trade and orders from the US have increased. As fears of Indian trade grow in the minds of foreign buyers, it has become necessary for the government to dispel the negative aspects of such global markets through special reports and procedures. China has boosted world trade by 30 to 5 per cent last year by spreading India's negative rhetoric around the world.

The Government of India has also taken serious action in the matter of food items in the coming days. Special measures have been taken to increase self-reliance in edible oils after beans. In which the government has prepared about 150 lakh quintals of oil seeds in the form of seeds for the farmers for the procurement season of 2021. With the production of oilseeds declining in the country these days, the rise in edible oils has become a headache for the government. In order to create self-sufficiency in edible oils, the entire program has been carried out in nine states in the first phase of the country. The highest emphasis is on soybeans in oilseeds. This includes states like Gujarat, Andhra Pradesh, Rajasthan, Karnataka, Maharashtra, Madhya Pradesh and Tamil Nadu.

Apart from oilseeds, the government has also conducted a special exercise on the black market in pulses. As the price of pulses is also a headache for the government, goods are being imported from abroad without any extra duty along with strict controls to curb the price of pulses. Most of the goods imported from abroad are wasted time at the ports on which special focus has been given to all the concerned departments to conduct laboratory tests on the goods imported from abroad and give strict instructions to release the goods in the market. At the same time, the government has turned a blind eye to the strict implementation of the law by taking special measures to curb the black market in beans and oilseeds in the local markets. Strict instructions have also been given to deal with black market traders.

Surrounding states, including Gujarat, have also been hit hard by last week's hurricane, which has caused extensive damage to agriculture. The central government has provided Rs 1,000 crore in the initial phase against fears of a loss of Rs 500 to Rs 2,000 crore in the primary phase. Summer crops are the most damaged. Crops like sesame, mug, millet, urad are damaged. Most of the state’s marketyards have been closed since the mini-lockdown was imposed last month due to Coro’s transition to the state.

The economic condition of the farmers, whose yards have been closed for almost a month and a half, has deteriorated. However, with most of the yards starting from last week, farmers as well as traders have breathed a sigh of relief. A month later, the Unjha Market Yard has also started auctioning at full speed. Different commodities are auctioned on different days to avoid large crowds even at Unjha Martyard.

Markets are running in the range of Rs 3,000 to Rs 500 against the income of tens of thousands of sacks of cumin at Unjha Yard. The price of Isbagul, which is parallel to cumin, is also in the range of Rs 15,000 to Rs 2,000, with trade improving from Rs 8,000 to Rs 10,000 a day from Rajasthan. Due to Corona, the Ajman trade is also in good condition and the market is running in the range of Rs 3,000 to Rs 500. At the same time, the prices of tens of thousands of sacks are in the range of Rs 1,200 to Rs 500.

Apart from this, the income of chickpeas, coriander, garlic and groundnut and mug was also significant among the generations of Saurashtra. The auction of cotton, castor and sesame has also started among the farmers. The problem of disposal of winter goods to farmers is now slowly being solved.

On the other hand, the peasantry has also taken up the business of disposing of the summer crops which are getting ready, i.e. the markets have reopened and trade has resumed.