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Bad monsoon will hit India's turmeric production

Low supplies with farmers adopting a wait-and-watch stance are pushing up turmeric prices in India, the largest grower and exporter of the yellow spice, but farmer-joy will be short-lived because lower than normal monsoon rains could leave them with little or nothing to sell in the 2012-13 season, said a local turmeric merchants association.

Centre to lift six-month quota of foodgrains for TPDS

With its granaries overflowing and record food production for the third year in a row, the central government has decided to allow states to lift and distribute six months' quota of foodgrains under the Targeted Public Distribution System (TPDS) in one go. Minister of State for Consumer Affairs, Food and Public Distribution KV Thomas has written to the states, requesting them to make the most of the facility of advance lifting of foodgrains, according to an official statement.

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