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Below the Quote on Pre-Budget Expectation by Dr. Arun Raste, MD & CEO NCDEX

Ahead of the Union Budget, we expect a strong focus on strengthening farm resilience and market efficiency. Higher allocations for agricultural R&D, particularly for high-yield, climate-resilient seeds, are critical to improve productivity amid climate risks. On the markets side, rationalising or removing the Commodity Transaction Tax and providing clarity on GST for commodity derivatives will improve hedging viability for farmers and FPOs. Enabling wider participation by banks, insurers and pension funds, and linking agri-credit and KCC programmes with formal hedging support, can deepen markets and strengthen price risk management. Strengthening rural entrepreneurship through targeted skill-building initiatives will help arrest rural migration and provide gainful employment to rural youth by integrating them into industrial and agri-value chains, while investments in WDRA-notified warehousing will further support a transparent and efficient agri-market ecosystem.

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