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Showing posts from December, 2020

Nationwide average retail price of onions down 60% since last year: Govt

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Since December 31, 2019, when the nationwide average price was as high as Rs 100 per kg, it has fallen to Rs 40 per kg now, giving much relief to consumers, Nandan said. from Agriculture-Economy-News-Economic Times https://ift.tt/3pHieGX

From record food grain production to farmer protests, eventful year for growing agri sector

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Indian agriculture sector achieved record foodgrain production and registered positive growth despite the coronavirus pandemic but the massive farmers' protest at the borders of the national capital against the new farm laws overshadowed its remarkable performance this year. from Agriculture-Economy-News-Economic Times https://ift.tt/3o9bilC

India's protesting farmers hold key to self-reliance in edible oils

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Only the prospect of financial support will encourage farmers to switch from grain crops, with their government-set prices, to the less predictable gains of oilseeds. "We've requested the government to give that kind of support to farmers," said B. V. Mehta of industry body the Solvent Extractors Association of India (SEA). from Agriculture-Economy-News-Economic Times https://ift.tt/3aVeMnO

Rs 3.09 crore worth sugarcane procured by mills in Muzaffarnagar: Officials

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According to District Cane Officer R D Trivedi, the eight sugar mills comprise Khatauli, Mansurpur, Tikola, Bhudhana, Morna, Khaikhedi, Titawi and Rohana. from Agriculture-Economy-News-Economic Times https://ift.tt/37ZBCsM

Onion prices shoot up 28 percent after government announces easing on export ban

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The government had banned exports in September this year as prices were rising after a low harvest. Major buyers of Indian onions include Indonesia, Malaysia, Sri Lanka, Nepal and Middle East. from Agriculture-Economy-News-Economic Times https://ift.tt/3aYLXqN

How India's grain policies have stoked FCI's debt binge

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Farmers say the new laws will shut the regulated wholesale markets they depend on to take their produce. But FCI has racked up huge debts from the purchases required to meet its role as a buyer of last resort and to supply India's food welfare program. from Agriculture-Economy-News-Economic Times https://ift.tt/3nZ49UF

India's agriculture will prosper through new farm laws: Narendra Tomar

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from Agriculture-Economy-News-Economic Times https://ift.tt/2M5Ag70

Govt procures paddy worth Rs 86,243 crore this kharif season so far at MSP

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Food Corporation of India (FCI) and other state agencies have procured 456.79 lakh tonnes of paddy till December 27 as against 366.19 lakh tonnes in the corresponding period previous year. from Agriculture-Economy-News-Economic Times https://ift.tt/38BxUV8

Rs 3,500 crore sugar subsidy to help sustain exports at last year's level: Crisil

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That, together with stable domestic demand, higher contribution from ethanol due to higher cane diversion for ethanol production, and increased ethanol prices, will lead to a 100-200 basis points (bps) increase in the operating margin of sugar mills to 10.5-11.5% this fiscal. from Agriculture-Economy-News-Economic Times https://ift.tt/3aLh3lk

View: More farmer producer organisations are needed to unlock the potential of new farm bills

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MSP incentivises farmers to grow staples and the APMC enables procurement into PDS, ensuring a productivity increase in staple grains. But the system is inadequate for marketing higher value crops. Only 6% of Indian farmers benefit from the MSP, and there are few alternative value chains for quality, high-value produce. from Agriculture-Economy-News-Economic Times https://ift.tt/3hkCB9D

PM Modi releases over Rs 18,000 crore to more than nine crore farmers under PM-KISAN scheme

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Modi released the instalment of Rs 2,000 to every farmer on the birth anniversary of former prime minister and BJP stalwart Atal Bihari Vajpayee, which is every year celebrated as "Good Governance Day" by the ruling party. from Agriculture-Economy-News-Economic Times https://ift.tt/2WHvU87

Pride, prejudice and policy reform: A peek into the new Farm Act

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APMC and MSP are the two major bones of contention. Despite repeated assurances agitating farmers think government is trying to withdraw MSP and close down APMC. This is despite government’s recent announcement that it’ll buy crops at 1.5 times of the cost of production. from Agriculture-Economy-News-Economic Times https://ift.tt/34JFcVB

New farm laws making farmers feel insecure: Sachin Pilot

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Pilot said the Congress is working hard to ensure that the organisation and the state government fulfil the promises made to the people of the state. from Agriculture-Economy-News-Economic Times https://ift.tt/3rugse2

View: If mandis provide worthwhile service, farmers will happily pay a mandi fee. But why force them?

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For several years, agricultural growth has been most for crops where there is limited State intervention, and least for crops where there is pervasive State intervention (rice, wheat, sugarcane). from Agriculture-Economy-News-Economic Times https://ift.tt/38zHJmi

PM Modi to release PM-KISAN instalment to 9 crore farmers on December 25

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PM Narendra Modi will also interact with farmers from six states during the event, the Prime Minister's Office (PMO) said. from Agriculture-Economy-News-Economic Times https://ift.tt/38wcNUg

Govt procures paddy worth Rs 79,675 cr at MSP so far; purchase in volume terms up 22 pc

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Paddy procurement for kharif 2020-21 is continuing smoothly in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Maharashtra and Bihar, an official statement said. from Agriculture-Economy-News-Economic Times https://ift.tt/3phAR40

India, Bangladesh should collaborate more in farm sector: Piyush Goyal

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India has offered duty-free market access to Bangladesh in many products, including agri-exports, Goyal said and assured Bangladesh of complete cooperation in ensuring barrier-free trade between the countries. from Agriculture-Economy-News-Economic Times https://ift.tt/3nIOzfV

Climate change ravages Kashmir's 'red gold' saffron crop

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Dry conditions blamed on climate change have seen yields of the world's most expensive spice halved in the past two decades, threatening the future of a cash crop that has brought wealth to the region for 2,500 years. from Agriculture-Economy-News-Economic Times https://ift.tt/3nBlAKO

Record minimum support price distributed to tribals during coronavirus outbreak

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The state governments used the scheme as a way to put more money in the hands of the tribals through direct benefit transfers. As per government estimates, minor forest produce worth Rs 948 crore were acquired by state agencies and Rs 3,000 crore by private buyers. Overall, MSP worth Rs 4,000 crore was given in the first collection season by November. from Agriculture-Economy-News-Economic Times https://ift.tt/3h7acnD

Convert MSP into floor price, set up contract farming body to resolve new farm laws impasse: Report

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However, the report admits that converting MSP to a floor price of auction on the eNAM portal will not completely solve the problem as the current data shows that average modal prices in e-NAM mandis is lower than the minimum support price in all commodities except urad. A third suggestion is to strengthen APMC market infrastructure. from Agriculture-Economy-News-Economic Times https://ift.tt/37D7RO4

Government aims to double farm mechanisation in next 10 years: Narendra Singh Tomar

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The government's emphasis is on providing large advanced agricultural equipment to farmers for their field, the minister said. from Agriculture-Economy-News-Economic Times https://ift.tt/38nXAnZ

Rice exporters seek government help to deal with high freight rate, container shortage

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Exporters have sought government assistance in transportation and marketing along with benefits of export-promotion schemes, VK Kaul, executive director of All India Rice Exporters Association, said. from Agriculture-Economy-News-Economic Times https://ift.tt/37DYttI

View: As a surplus sugar producer, India needs to become a major exporter

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The Chinese are increasing sugar consumption. But they buy mostly from Australia and Indonesia. While India confronts them in Ladakh, they are unlikely to start eating Indian sugar. India will look for markets in Bangladesh, West Asia and Africa, but is unlikely to find a substantial market in a hurry. from Agriculture-Economy-News-Economic Times https://ift.tt/3reYBYh

Govt rules out cut in cane prices; asks sugar mills to be efficient, profitable

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On the industry's demand that the sugarcane purchase price be linked with sugar price realisation, Piyush Goyal said it is not practical to reduce the fair and remunerative price (FRP) and told the industry leaders to produce more ethanol as well as other bye-products to boost their income. from Agriculture-Economy-News-Economic Times https://ift.tt/37urZBM

Govt launches e-booklet highlighting success stories of farmers benefitting from new agri laws

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In the 100-page e-booklet 'Putting Farmers First', the government said it has made clear the "truth" about the the farm reforms and has mentioned "what will happen" and "what will not happen" for farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/2WBTq6N

Government extends relaxed norms for onion imports till January 31

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To facilitate import of onion, the government had on October 21 relaxed the conditions for fumigation and additional declaration on the Phytosanitary Certificate (PSC) under the Plant Quarantine Order (PQ), 2003 for import up to December 15, 2020. from Agriculture-Economy-News-Economic Times https://ift.tt/3gUjFyk

Fruits, vegetables sales at Delhi’s wholesale market down 30% due to farmers’ protest

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Buyers from Haryana, Uttar Pradesh and Rajasthan were unable to visit the mandi, hurting trade. "Vegetable sales are 30% less than a month ago with buyers staying away from the mandi," Anil Malhotra, a member of the Azadpur mandi, said. from Agriculture-Economy-News-Economic Times https://ift.tt/34n5qNH

By January, grain stock to be 2.7 times more than needed

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Figures show procurement continued even after FCI stocks met the demands of the country’s food security and other welfare schemes. from Agriculture-Economy-News-Economic Times https://ift.tt/3oZqbGT

Amidst protests, India launches digital facility for foreign investors to connect with farmers

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The website will serve as a two-way funnel connecting interested investors to relevant agencies in India such as Agricultural and Processed Food Products Export Development Authority (APEDA) for agricultural exports from India. from Agriculture-Economy-News-Economic Times https://ift.tt/3mpkT5S

UP govt seeks to impress the state's farmers, procures record wheat and rice at MSP

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This came as thousands of farmers from western Uttar Pradesh, led by Bhartiya Kisan Union leader Rakesh Tikait, continued with their sit-in against the new farm laws at the Delhi-UP border in Ghazipur and again blocked the Noida-Delhi route at Chilla border on Wednesday. from Agriculture-Economy-News-Economic Times https://ift.tt/2KtjbDt

Sugar stocks ended on a mixed note after government export subsidy announcement

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Balrampur Chini closed down 3% at Rs 176.5, Dhampur Sugar was down almost a percent at Rs 177.70 while Triveni ended three fifths of a percent lower at Rs 78.45. Renuka Sugars was up 2.6% at Rs 13.75 and Eid Parry closed up 1.4% at Rs 342. Bannari Amman Sugars closed flat at Rs 1450. from Agriculture-Economy-News-Economic Times https://ift.tt/3gQJzTC

Import of black tea up 24% year-on-year in January-October period

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"The industry feels the surge in import has happened mainly due to higher volumes of tea from Nepal entering India. However, we need to have clarity on the end-use of these teas,” Indian Tea Association chairman Vivek Goenka told ET. from Agriculture-Economy-News-Economic Times https://ift.tt/2WjWdB9

India’s grape exports will continue to shrink in 2021 as pandemic keeps demand subdued

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The annual rate of growth of grape export to Europe has been declining from 32% registered in 2016-17 to a negative 12% in 2019-20. In value terms, the exports have increased from Rs 431 crore in the fiscal 2009-10 to Rs 2,176 crore in 2019-20, which is the highest of the decade recorded in 2018-19 at Rs 2,335 crore, data from Agricultural and Processed Foods Export Development Authority (Apeda) showed. from Agriculture-Economy-News-Economic Times https://ift.tt/3npY1EO

View: A free market shackling farmers

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From day one, the Modi govt has been reducing subsidies, selling assets of the ‘Maharatna’ and ‘Navratna’ PSUs, and helping corporates through loan waivers and selling off valuable assets of companies with NPAs at throwaway prices through NCLT. from Agriculture-Economy-News-Economic Times https://ift.tt/2ISd7Uz

Agriculture reforms to improve market access, increase income opportunities for farmers: CII

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“The reforms will have a transformational impact on the agri sector by enhancing productivity, modernising infrastructure, enabling aggregation at scale and improving market access,” ITC chairman Sanjiv Puri said. Puri, who is also chairman of the CII National Council on Agriculture, said the policy announcements will enable ITC to further its engagement with farmers through its e-choupal ecosystem. from Agriculture-Economy-News-Economic Times https://ift.tt/2IRmdkp

Ongoing farmer protests big blow to interconnected economies: Assocham

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Urging the government and farmers’ organisations to resolve the impasse over the new agri laws, the Assocham on Tuesday said, the ongoing protests are dealing a big blow to the interconnected economies of the region, including Punjab, Haryana and Himachal Pradesh. from Agriculture-Economy-News-Economic Times https://ift.tt/2JXDokZ

Worsening economics of sugar industry worries mills, administration in Maharashtra

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Sluggish domestic demand, subdued prices, no exports and an increase in price of sugarcane without commensurate rise in the sugar price have added to the worries of sugar millers and the administration that has to ensure that the standing sugarcane gets crushed on time. from Agriculture-Economy-News-Economic Times https://ift.tt/2LoYBEv

View: Govt should set up a few institutions, like a contract farming regulator, to allay farmers’ fears

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The agricultural sector is undergoing a structural compositional shift. Foodgrains constitute 18% of the total output against livestock sector (30%), and fruits and vegetables and high-value commodities (19%). from Agriculture-Economy-News-Economic Times https://ift.tt/3aeZUjE

View: What Modi should do to end India's farm crisis

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Letting the farm unrest linger could cause chaos in food markets, alienate urban consumers, and potentially derail the post-Covid recovery. from Agriculture-Economy-News-Economic Times https://ift.tt/378uklK

Meenakshi Saraogi’s industry-farmer business model in the sugar sector could hold a bigger lesson

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At a time when the controversy of the day revolves around whether India needs farm disintermediation, the long-established case study of the sugar industry in general, and Saraogi in particular, becomes relevant. from Agriculture-Economy-News-Economic Times https://ift.tt/3naqIFA

Govt buys 368.7 lakh ton kharif paddy so far at MSP for Rs 69,612 cr

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The Food Corporation of India and state agencies have purchased 368.7 lakh tonnes of paddy up to December 10 as against purchase of 300.97 lakh tonnes in the corresponding period last year. from Agriculture-Economy-News-Economic Times https://ift.tt/34kiN1d

Farmer agitation clouds payment of Rs 3,000 crore for fruit, vegetable wholesales

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“The business was coming closer to the pre Covid sales, but now again the demand fell. Payments to be made by traders and suppliers in other states has been due from June-July which was being is adjusted. We expect a further delay in getting our money now, " he said adding that some suppliers to modern retail outlets, hotels and restaurants in North India were finding it difficult to get their payments. from Agriculture-Economy-News-Economic Times https://ift.tt/3qQllhc

UAE's Lulu group to set up food processing centre in Jammu and Kashmir

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The announcement was made by Lulu group chairman Yusuffali MA on Thursday during a meeting with a delegation from Jammu and Kashmir headed by its Principal Secretary (Agriculture Production and Horticulture) Navin Kumar Choudhary on the sidelines of the UAE India Food Security Summit 2020. from Agriculture-Economy-News-Economic Times https://ift.tt/3qFtHIa

Agitation on, but Punjab sees rise in wheat planting

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​​Area under wheat has gone up to 3.18 million hectare, over 100,000 hectares more than last year, while area under oilseeds and pulses is almost the same as last year. from Agriculture-Economy-News-Economic Times https://ift.tt/37UNFpM

View: Even with reforms, farmers need to increase their bargaining power in the market to reap benefits

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Market forces also need a level playing field. The average landholding of a farmer in India is 1.22 hectares. How can he negotiate and bargain with large corporates? Replacing exploitative local middlemen with big corporates hardly benefits the farmer in any way. from Agriculture-Economy-News-Economic Times https://ift.tt/2VZVaWR

Japan relaxes inspection norm for Black Tiger shrimps exports from India

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Black Tiger shrimp, commonly known as the giant tiger prawn or Asian Tiger shrimp, is a key segment of India’s marine products export basket. from Agriculture-Economy-News-Economic Times https://ift.tt/3qJd6Dx

Adani Group says does not buy food grains from farmers; only manages storage for FCI

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FCI buys food grains from farmers and stores them in silos built through a public-private partnership. While private players are paid a fee for building and storing the food grains, the ownership of the commodity as well as its marketing and distribution rights, belong to FCI. from Agriculture-Economy-News-Economic Times https://ift.tt/2ItP6mm

Powered by GI tag, J&K launches Kashmiri saffron in UAE market

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Jammu and Kashmir's Principal Secretary (Agriculture) Navin K Choudhary launched the Kashmiri saffron on Tuesday at the UAE-India Food Security Summit 2020. from Agriculture-Economy-News-Economic Times https://ift.tt/37PhUOL

View: Rolling back the APMC Act will encourage vested interests to strike down all reform

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Commission agents typically send village commission agents to collect produce from farmers in villages and bring it to the market yard. In the yard, commission agents sell the produce to wholesalers. The wholesalers sell it to sub-wholesalers who sell it to retailers. Retailers finally sell the produce to the consumer. from Agriculture-Economy-News-Economic Times https://ift.tt/33Seyt9

View: First roll out promised pro-farmer measures, then implement the farm laws

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The sensible thing to do would be to hold the laws in abeyance for a year, while accepting one crucial amendment: to move dispute resolution from babus to the courts, as the farmers want. from Agriculture-Economy-News-Economic Times https://ift.tt/3m0DO6O