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Showing posts from July, 2020

Rs 700 crore ADB-funded project approved by government to help farmers in Maharashtra

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The project is worth $142.9 million, or about Rs 1,000 crore, of which 70% would be lent by Asian Development Bank and the balance will come from state government. from Agriculture-Economy-News-Economic Times https://ift.tt/2CWlawF

Tea gardens in Barak Valley need power supply: Tea Association of India to Assam govt

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TAI stated that the Tea industry in Assam and elsewhere struggles to battle various odds. However, the Cachar region of Assam is battling yet another challenge that comes from the Power supply by APDCL from Agriculture-Economy-News-Economic Times https://ift.tt/3hPgYNU

Pandemic induced labour scarcity increases demand for sugarcane harvesting machines in South India

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Maharashtra, the country’s second-largest sugar producing state, employs close to 1 million migrant labours every year to help in sugarcane harvesting. Neighbouring Karnataka, Andhra Pradesh and Telangana, too, engage thousands of such workers in their sugarcane fields. from Agriculture-Economy-News-Economic Times https://ift.tt/39J5uIT

Record procurement of rice, wheat in 2019-20 season

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Higher procurement normally creates storage problems but free distribution of grains under the PM Garib Kalyan Ann Yojana (PMGKY) created enough space. Under the scheme, 810 million ration card holders get 5 kg rice or wheat per month and 1 kg chana per family per month free until November. from Agriculture-Economy-News-Economic Times https://ift.tt/3fiXmjL

India can be among top-5 agri goods exporters with effective policies: Report

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One key focus area could be cultivating horticulture crops that conform to the quality, colour, shape and chemical contents acceptable in foreign countries or which are fit for further processing. from Agriculture-Economy-News-Economic Times https://ift.tt/3hRshFr

Supply shortage, rise in demand push potato prices up by 40% in major cities

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In the major metros of Mumbai, Delhi, Kolkata and Chennai potato is selling for Rs 30-45 per kg, depending on the variety and quality. In Mumbai, a kg of potato is commanding a price of Rs 35-45 while in Delhi and Kolkata prices are hovering between Rs 30-40 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/2PfNywl

Banks sanctions about Rs 90,000 crore concessional credit to 1.1 crore KCC holders

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As part of the Rs 20.97 lakh crore stimulus package, the government had announced Rs 2 lakh crore of concessional credit through KCC to 2.5 crore farmers, including fishermen and those involved in animal husbandry. from Agriculture-Economy-News-Economic Times https://ift.tt/3hDYNL2

Centre to convert ravines of Chambal region into arable land with World Bank support: Tomar

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He further said the project will not only help in improving agricultural development and environment but will also create employment opportunities and lead to substantive development of the region. Tomar said there is a lot of scope for development of the Beehad area in Gwalior-Chambal region. The Chambal Expressway will be built and will pass through this area, by which the overall development of the region would be possible. from Agriculture-Economy-News-Economic Times https://ift.tt/39urnLW

Saffron grown in Kashmir gets Geographical Indication certification

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Soon after taking over as lieutenant governor, Girish Chander Murmu took a personal interest in ensuring that Kashmir saffron gets GI certification. from Agriculture-Economy-News-Economic Times https://ift.tt/30KuueN

Bumper harvest likely due to good rainfall, planting up 18.5% from last year

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“Due to good rains, farmers have been able to plant crops timely. Now, they will soon cover the entire cultivable land,” said an agriculture ministry official, who did not wish to be identified. from Agriculture-Economy-News-Economic Times https://ift.tt/3f2cuBE

Rising water crisis forces Indian farmers to rethink their crops selection

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Farmers love rice and wheat primarily because of stable prices and assured state purchases. These two staples, along with another thirsty crop, sugar cane, are grown in 40% of the country’s gross farmed area but consume about 80% of its irrigation water. from Agriculture-Economy-News-Economic Times https://ift.tt/2OKJXG7

Festive Bonus negotiation in tea plantation for 2020 is likely to generate extra warmth.

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Worker's festival bonus is likely to come up as a major issue of conflict in the labour intensive tea plantation sector. While financially hit workers will press harder for higher bonus, accepting that will be too tough for the planters, equal victims of the pandemic situation. from Agriculture-Economy-News-Economic Times https://ift.tt/3fRTQxG

Farmers in Maharashtra hold protest as milk prices fall 40% after Covid outbreak

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The political parties in opposition in Maharashtra too have extended their support to the agitation for milk prices. The Mahayuti, led by former chief minister Devendra Fadanvis has threatened to intensify the agitation from August 1, if the agitation being held today does not help the cause of farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/2BlVZCU

Tea production down by more than 10% due to heavy rain, flooding in Assam and West Bengal

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Though tea prices have risen by 25-40% on an average, industry executives say that lockdowns in the tea growing regions coupled with irregular movement of cargo and a drop in crop size is affecting the cash flows of tea companies. Last year, the tea estates of North Bengal and Assam had produced 370 million kg of tea in the January-June period. from Agriculture-Economy-News-Economic Times https://ift.tt/2WCT8gg

Mega food park launched in Mizoram, to benefit 25,000 farmers and create 5,000 jobs

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“The park will leverage an additional investment of about Rs 250 crore in about 30 food processing units in the park and would eventually lead to a turnover of about Rs 450-500 Crores annually,” Food Processing Minister Harsimrat Kaur Badal said in the statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3fOf3Ze

Soybean crop needs rain in a week, otherwise yields will fall, says trade body

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In Maharashtra, the crop has been sown again in 20% -25% of the area due to poor germination of seeds that were sowed the first time. Crop condition is normal but rainfall is needed in the next 5 to 7 days in some parts of Latur, Osmanabad and Beed districts, failing which crop may be affected due to moisture stress, a SOPA release said. from Agriculture-Economy-News-Economic Times https://ift.tt/3fG4rvz

Agri-sector industries demand export incentives as bumper kharif harvest expected

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A good start to the monsoon season — average rainfall till July 17 was 10% above normal — and sowing that was 21% more than a year earlier till July 15 has boosted expectations on the kharif harvest. Meanwhile, demand has been low, causing worries of a glut in the market and its likely impact on prices. from Agriculture-Economy-News-Economic Times https://ift.tt/2Cw1teF

Agriculture companies urge government to reconsider import curbs on power tillers

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Companies have been importing and assembling power tillers for decades and have built their reputation for supplying quality tillers across the country along with service infrastructure including trained technicians at farmer doorstep, industry body Power Tiller Association of India (PTAI) said in a letter to the commerce and industry ministry and Director General of Foreign Trade. from Agriculture-Economy-News-Economic Times https://ift.tt/39cbFVD

Andhra Pradesh announces Renewable Energy Export Policy, 2020

The State Government of Andhra Pradesh recently announced the Renewable Energy Export Policy, 2020. The policy permits sale of power to other states of India. About the Policy The policy is to be implemented by NREDCAP (New and Renewable Energy Development Corporation of AP Limited). The NREDCAP is to allocate renewable energy resource potentials to Read More... from Agriculture – Current Affairs Today https://ift.tt/30mwFoN

Can high-tech firms with actionable inputs eliminate uncertainties in agriculture?

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The ecosystem can help the government achieve its goal of doubling farm income by 2022. It can also power the rural economy, seen as an important engine that will propel India towards its goal of becoming a $5 trillion economy by 2025, from $2.7 trillion now. from Agriculture-Economy-News-Economic Times https://ift.tt/2OzyOYE

Heavy monsoon rains speed up crop planting in India

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Farmers typically start planting their summer-sown crops June 1, when monsoon rains usually reach India. Planting usually continues until the end of July or early August. from Agriculture-Economy-News-Economic Times https://ift.tt/3ha1Avd

Acreage under pulses risen by a third this season, production target at 25.6 mt

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The acreage under pulses has risen by a third this season and is likely to make the country self-sufficient in the commodity, officials said.This year, the government has set a pulses production target of 25.6 million tonnes, which is11. from Agriculture-Economy-News-Economic Times https://ift.tt/32GYtHl

Farm sector set to grow at super speed after a generous monsoon and return of migrants

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Recent government policies have also provided a supportive thrust, including higher allocations towards rural employment guarantee scheme MGNREGA, to absorb excess labour that migrated to the rural areas during the lockdown. from Agriculture-Economy-News-Economic Times https://ift.tt/3jeUrLV

No impact of COVID-19 pandemic on kharif sowing; acreage up 21.20% so far: Government

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The country has so far received good rainfall and water level in 123 reservoirs across the country is in good position, it said in the latest sowing data. Sowing of kharif crops begins with the onset of southwest monsoon from June, while harvesting starts from October. Rice is the main kharif crop, besides bajra, arhar, urad, moong, groundnut and soyabean. from Agriculture-Economy-News-Economic Times https://ift.tt/30dKq8Y

Agriculture is turning out to be a green shoot amid economic woes created by the pandemic: Rating agency Crisil

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The last time monsoon shaped this way was in 2015, when it poured 27 per cent above the LPA in June, and sowing was 29 per cent of the full season as compared with 30 per cent this time. from Agriculture-Economy-News-Economic Times https://ift.tt/2OryOKa

NABARD launches Rs 44 lakhs worth projects in Andaman and Nicobar Islands

On July 16, 2020, the National Bank for Agriculture and Rural Development launched projects worth of Rs 44 lakhs in Andaman and Nicobar Islands. Highlights The projects have been launched to develop Self Help Groups and also to help in skill development of Self-Help Groups in the territory. Around 385 village level programmes are to Read More... from Agriculture – Current Affairs Today https://ift.tt/2WjQvQj

CII to hold virtual Tea Conclave from September 1

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This tea conclave will be a virtual one and will have virtual stalls similar to regular exhibitions. Producers and manufacturers will be able to display their products in the stalls. Buyers and tea connoisseurs can visit the stalls. from Agriculture-Economy-News-Economic Times https://ift.tt/3exb41Y

GoM recommends hike in sugar MSP to Rs 33/kg; asks Food Minister to move cabinet note

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Sources said the GoM took stock of the pending sugarcane dues to be paid by sugar mills which stand at around Rs 20,000 crore so far in the current 2019-20 season (October-September) and ways to ensure mills clear this at the earliest. from Agriculture-Economy-News-Economic Times https://ift.tt/2CAZYf6

Sustainable agriculture is fundamental to food security, need to bring seed diversity back: India at UN

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Emphasising the importance of seed diversity, UN Ambassador K Nagaraj Naidu said 75% of world's plant genetic diversity has been lost as farmers have shifted from local varieties to genetically uniform, high-yielding crop breeds, thus reducing crop ability to survive when faced with challenges. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZrK5AC

NABARD launches Scheme: Rs 5,000 crores allocated to computerise PACS

The National Bank for Agriculture and Rural Development (NABARD) has launched a refinance scheme for financial institutions and banks. It has allocated Rs 5,000 crores for the scheme. Highlights Under the scheme, the Primary Agricultural Credit Societies are to be turned into multi-service centres. The fund allocated under the scheme is to be made available Read More... from Agriculture – Current Affairs Today https://ift.tt/307cwTC

Low Indian cotton prices, weak demand and increased sowing worry traders, industry

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Industry and trade associations allege that “excessively high” estimates made by the United States Agriculture Department (USDA) have increased pressure on Indian cotton prices. According to CAI, cotton is selling at Rs 35,000 per candy (of 356 kg each) in the Indian market while imported cotton is available for Rs 42,000 per candy. from Agriculture-Economy-News-Economic Times https://ift.tt/2DHpMqp

Sporadic lockdowns to curb Covid spread push retail fish and chicken prices up by 10%-20%

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Chicken prices, which had come down to Rs 160 -170 per kg a week ago have risen to Rs 210-Rs 220 per kg. Fish prices too have shot up for consumers as the sporadic shutdowns kept retailers away from the wholesale market. Fish prices have increased by 10% -20% at the consumer level depending upon the variety and quality of fish. from Agriculture-Economy-News-Economic Times https://ift.tt/2CxEvni

Unprecedented rainfall making tea planters apprehending heavy and long term yield loss

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According to senior meteorologist with Indian Meteorological Department G N Raha, Sub Himalayan region of Bengal, that hosts tea plantations, has received 1104mm cumulative rainfall since 1st June against long term normal level of 743mm showing a deviation of 49% . For the last one week the deviation has gone event higher to 52%. from Agriculture-Economy-News-Economic Times https://ift.tt/3gNQs70

Tomato prices which had crashed to Rs 1-2 per kg in May are now selling at Rs 40-50 a kg

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Gadhave said that prices of vegetables like capsicum, cucumber and bitter gourd have increased by 25% to 30% in the past one month. In the wholesale market of Mumbai, capsicum is being sold at Rs 55 a kg, cucumber at Rs 50 a kg, bitter gourd at Rs 45 a kg and bottle gourd at Rs 30 a kg, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/3eq1u0G

Locust swarms: Centre takes various measures to prevent crop losses

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The Centre has taken various steps to control locust swarms, and carried out operations in over 1.5 lakh hectares area since April 11 to prevent crop losses. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZgsY4x

Narendra Singh Tomar releases new guidelines for setting up 10,000 FPOs

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A Farmer Producer Organisation (FPO), formed by a group of farm producers, is a registered body with producers as shareholders of the organisation. It deals with business activities related to farm produce and works for the benefit of member producers. from Agriculture-Economy-News-Economic Times https://ift.tt/38RlQio

Govt on track to doubling farmers' income by 2024: Agriculture Ministry official

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The recent reforms, including three ordinances to provide barrier-free trading platforms to farmers, are aimed at addressing the post-production challenges and ensuring better returns to farmers, said Ashok Dalwai, CEO of the National Rainfed Area Authority under the agriculture ministry. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZVftq9

Government's wheat procurement touches record high of 38.98 million tonnes so far in 2020-21

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"We have procured 38.98 million tonnes of wheat so far. The procurement operations are almost complete in major states. Few thousand tonnes more will be brought in the next few days," a senior FCI official told . from Agriculture-Economy-News-Economic Times https://ift.tt/2ZgxU9J

View: Government should now focus on inter-state coordination for a subject like agriculture

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The last few months have brought game-changing and speedy reforms. These include amendment in the Essential Commodities Act (ECA) and the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020. from Agriculture-Economy-News-Economic Times https://ift.tt/3iHNsuL

Govt decided to set up an agri-infrastructure fund of Rs 1 lakh cr

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A decision in this regard was taken in the cabinet meeting, headed by Prime Minister Narendra Modi. The Agri-Infra Fund was part of the Rs 20 lakh crore stimulus package announced in response to the COVID-19 disaster. from Agriculture-Economy-News-Economic Times https://ift.tt/2DmHSxK

Lockdown cuts India's April tea output by 54% y/y

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In the first four months of 2020, India produced 113.36 million kg of tea, down 40% from a year ago because of lower production in March and April, the board said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/2Z0ck9k

Agriculture to rack up gains as pandemic roils the economy

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Agriculture and allied activities are expected to grow 2-3% in the ongoing fiscal year, on the back of favourable government policies and forecast of a normal monsoon, after a 4% expansion in fiscal 2020. Overall, the economy is forecast to contract up to 7% in fiscal 2021, indicating a deep decline in industry and services. from Agriculture-Economy-News-Economic Times https://ift.tt/2VOjUln

Locust menace: FAO asks India to be on high alert for next 4 weeks

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In its latest update on Friday, the FAO said spring-bred locust swarms, which migrated to Indo-Pakistan border and travelled east to northern states, are expected to return back to Rajasthan with the start of the monsoon in coming days. from Agriculture-Economy-News-Economic Times https://ift.tt/2VJDnUc

Sowing up 87 percent since monsoon onset

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Rice, grown across 40% of the total area during the kharif season, is up 39%, while oilseeds area has increased by more than three times and cultivation of pulses has quadrupled. from Agriculture-Economy-News-Economic Times https://ift.tt/3gn7Zmm

Fertiliser retailers told to accept digital payments

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The Ministry of Chemicals and Fertilizers’ (MoCF) directive comes amid the crucial Kharif cropping season and is aimed at promoting digital payments in the largely cash-dominated agricultural trade markets. from Agriculture-Economy-News-Economic Times https://ift.tt/2VK2gzk

Govt's locust operation covers 1.33 lakh hectares in North, West India

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“Presently 60 control teams with spray vehicles are deployed in these states and more than 200 central government personnel are working together with state governments to curb the menace of locusts, which pose threat to crops,” said a senior agriculture ministry official. from Agriculture-Economy-News-Economic Times https://ift.tt/2By8j2M

Odisha to provide Rs 1,040 crore credit to 7 lakh landless farmers

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Around seven lakh landless cultivators will be benefited from the programme in the next two years, they said. The decision in this regard was taken at a high-level meeting presided over by chief secretary A K Tripathy on Thursday. from Agriculture-Economy-News-Economic Times https://ift.tt/2YZKt9n

Surplus milk, drop in demand: How Nandini kept farmers smiling through lockdown

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At the onset of the lockdown, KMF and 14 associate milk unions stared into the immediate challenge of not just collecting milk from farmers in 254,000 villages, but supplying to over 10 millions customers within Karnataka, and across the border. from Agriculture-Economy-News-Economic Times https://ift.tt/2NNPnQn

Political tensions have not hindered the entry of Nepalese tea into India

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Darjeeling tea planters have written to the customs department, Tea Board as well as the Food Safety & Standards Authority of India (FSSAI) to stop entry of Nepalese teas into India without quality checks, alleging that these teas are being sold in the country as Darjeeling tea at lower prices. from Agriculture-Economy-News-Economic Times https://ift.tt/2Vz7zS3