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Showing posts from March, 2021

Govt decides not to offer soft loans under SDF to sugar mills for a year

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“The decision has been taken keeping in view the prevailing market conditions of the sugar sector having surplus stocks, despite diversion of sugar and cane juice for production of ethanol. We will review it after fiscal 2021-22,” said a food ministry official. from Agriculture-Economy-News-Economic Times https://ift.tt/3cBN1B5

First harvest of tea in Assam, West Bengal hit by dry spell in March

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A concern for the industry is the surge in Covid-19 cases, as it could impact movement of tea from the tea estates to the auction centres and to different parts of the country if states impose restrictions to check the spread of coronavirus. from Agriculture-Economy-News-Economic Times https://ift.tt/2PEYCXh

Sugar sector growth likely to improve in Q4FY21, says Indian Ratings and Research

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Besides, Ind-Ra expects India's sugar production to increase 10 per cent YoY to around 30 million tonne (mnt) in sugar season 2020-21 (SS21), led by a sharp rebound in production in Maharashtra to 10.5 mnt. from Agriculture-Economy-News-Economic Times https://ift.tt/3dasmmR

Target of doubling farm income won't be achieved without new agri laws: Niti's Ramesh Chand

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The government and unions representing farmers, who have been camping at Delhi's border for four months in protest against the three laws that they say will end state procurement of crops at MSP, have held 11 rounds of talks, the last being on January 22. Talks broke down after widespread violence during a tractor rally by protesting farmers on January 26. from Agriculture-Economy-News-Economic Times https://ift.tt/3ctAM9J

Bayer's Monsanto, India's NSL settle long-running intellectual property dispute

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In a statement to Reuters, the German company said it had resolved "outstanding issues and differences" over the dispute, giving no further details. from Agriculture-Economy-News-Economic Times https://ift.tt/3w1A1wn

2021 Kharif sowing slowly picks up; over 56 lakh hectare coverage so far

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"The trend of summer sowing progress is very good as on date. Besides, the prospect of rabi crops is also very good and about 48 per cent of overall rabi crops have been harvested as on March 26 in the country," the ministry said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/31kCTGx

Need policy, financial support for Indian farm sector to make use of full potential of AI: Nasscom

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AI has the potential to play a key role in relieving the sector from most of its stressful input conditions, catalysing a shift towards data-driven farming, it said. from Agriculture-Economy-News-Economic Times https://ift.tt/3tXCk1t

Aquaconnect partners with Alliance Insurance Brokers for an insurance programme for shrimp farmers

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Under this partnership, Aquaconnect will provide risk management services to the insurance partners which include farm data collection, ground validation by aquaculture officers and AquaCRED dashboard support. The partnership aims at making comprehensive insurance available for shrimp farmers to mitigate weather and disease-related challenges from Agriculture-Economy-News-Economic Times https://ift.tt/31amNiN

Expert panel set up to examine industry views on govt's plan to ban 27 pesticides: Narendra Singh Tomar

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The committee is considering the objections and suggestions taking into consideration all aspects related to safety, toxicity, efficacy, updated status of submission of required study and data, among others, Agriculture Minister Narendra Singh Tomar said. from Agriculture-Economy-News-Economic Times https://ift.tt/3f6riD3

No final call taken on direct cash transfer of fertiliser subsidy to farmers: Government

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However, the government has implemented Direct Benefit Transfer (DBT) system in fertiliser sector under which subsidy is released to the fertiliser companies on weekly basis, on the basis of actual sales made by the retailers to the beneficiaries through Point of Sale (PoS) devices installed at each retailer shop, Fertiliser Minister said. from Agriculture-Economy-News-Economic Times https://ift.tt/2Pi1Ak7

Govt invites stakeholders' comments on National Fisheries Policy

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Minister of State for Fisheries Pratab Chandra Sarangi said that the draft policy has been translated into 11 vernacular languages and states have been asked to circulate it among stakeholders, including fishermen associations in order to obtain their comments. from Agriculture-Economy-News-Economic Times https://ift.tt/2NHyF8E

Indian Tea Association to increase daily wages of tea workers by Rs 26

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The national committee of the association reviewed the court direction at a meeting on Sunday and decided to enhance the wages by Rs 26 per day to workers in the Brahmaputra Valley and the Barak Valley with effect from February 22 this year. from Agriculture-Economy-News-Economic Times https://ift.tt/3tJi8R8

LT Foods becomes first company to be certified by UN-backed Sustainable Rice Platform

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A new ecolabel launched by the Sustainable Rice Platform (SRP) will help shoppers reduce their environmental impact by identifying rice that has been sustainably produced. from Agriculture-Economy-News-Economic Times https://ift.tt/31bRXWJ

Sadhguru urges govt to encourage agroforestry

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“Agroforestry should be brought under the agriculture ministry and treated as full-scale cultivation just like how farmers grow crops on their farmland. Only when growing timber trees on agricultural land is looked at as a means of survival and its economic benefit recognised will exploitation of forests stop,” he said. from Agriculture-Economy-News-Economic Times https://ift.tt/3126K6B

Potato prices crash 50% to Rs 5-6/kg in both producing and consuming areas

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​​ As per the analysis of data on potato prices maintained by the Food Processing Ministry, the wholesale rates in 25 out of 60-odd key producing areas spread over Uttar Pradesh, West Bengal, Punjab, Karnataka, Himachal Pradesh, Madhya Pradesh, Gujarat and Bihar were ruling 50 per cent lower on March 20 when compared to the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/3lzvrk2

Food Ministry to raise Rs 29,000 crore through asset monetisation in 3 years

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The plan will be part of the government’s asset monetisation programme, which was announced by finance minister Nirmala Sitharaman in the 2021-22 Budget. from Agriculture-Economy-News-Economic Times https://ift.tt/2PdzYfP

Govt says 44% of rabi crops area harvested so far

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Harvesting of wheat and other rabi crops have been completed in 44 per cent of the total 697 lakh hectares sown area during 2020-21 rabi season, according to data released by the agriculture ministry on Friday. Harvesting of rabi (winter) crops begins from March. The main rabi crop is wheat. from Agriculture-Economy-News-Economic Times https://ift.tt/3vKhiFl

Demand for 'makhana' products likely to grow 25-40% in next 3 years: Tomar

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"As per the Agricultural and Processed Food Products Export Development Authority (APEDA), the demand for value-added products of makhana is expected to grow by 25-40 per cent over the next three years," the minister said in his written reply to the Rajya Sabha. from Agriculture-Economy-News-Economic Times https://ift.tt/38Wavyx

Maharashtra farmers start fresh fruit cake 'movement' to sustain during COVID-19 pandemic

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As part of the movement, farmers, their families and various organisations of cultivators are encouraging cakes made locally using fruits like watermelon, muskmelon, grapes, orange, pineapple and banana while celebrating special events. from Agriculture-Economy-News-Economic Times https://ift.tt/3qXgQjI

Govt ear-tags 14.62 cr livestock with unique ID number

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The government on Tuesday informed Parliament that it has ear-tagged 14.62 crore livestock, including pigs, with a 12 digit unique identification number. from Agriculture-Economy-News-Economic Times https://ift.tt/3tiyBeO

No proposal to increase funds given under PM-KISAN: Tomar

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PM-KISAN is a central Direct Benefit Transfer (DBT) scheme under which financial assistance of Rs 6,000 per annum is provided to all landholding farmer families across the country, subject to certain exclusion criteria. from Agriculture-Economy-News-Economic Times https://ift.tt/38NSFho

Government to create 2 lakh tonnes of onion buffer stock

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The government has allocated Rs 2,700 crore in 2021-22 for the price stabilisation fund (psf) used to buy buffer stock of onion and pulses. This is 35% more than the budgetary allocation of 2020-21. from Agriculture-Economy-News-Economic Times https://ift.tt/2OwWIHS

Agri financing picks up pace in fourth quarter as procurement begins

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While the farmer protest had impacted agri-financing in the November-December period, it has now returned to normalcy, leading agri-financing companies said. from Agriculture-Economy-News-Economic Times https://ift.tt/3rLyl7P

India, China voice same agri concerns at WTO

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During a special meeting on Wednesday, India highlighted the need to find a permanent solution to public stockholding of foodgrains, an issue which it fears could impact food security in developing countries, including its own ability to procure grains for public distribution programme, given the cap imposed in the agreement signed 25 years ago. from Agriculture-Economy-News-Economic Times https://ift.tt/3ti5I2t

Utkal Tubers plans to produce 30,000 metric tonne of seed potato by FY23

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"Because we have been able to supply quality material in the market, demand for our product has risen significantly over the last 2 years. We are well on track to produce 30,000 metric tonne of seed potato including IPM varieties by FY23," Sanjeev Manhat, CEO of Utkal Tubers told. from Agriculture-Economy-News-Economic Times https://ift.tt/30zk9Tq

Applications filed in 19 nations for protection of GI, certification mark for Basmati: Puri

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A law firm has been engaged to initiate and deal with the consequential legal matters for the protection of GI/ Certification Mark for 'Basmati', both in India and foreign jurisdictions. from Agriculture-Economy-News-Economic Times https://ift.tt/3rBwQZx

Government revises downwards 2020-21 sugar output estimate to 30.2 mt

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Based on the inputs from cane-producing states, the government had pegged sugar production initially at 31 million tonnes for the current year. The sugar production would be slightly lower than the initial estimate in both Uttar Pradesh and Maharashtra, the country's top two sugar-producing states. from Agriculture-Economy-News-Economic Times https://ift.tt/38rvmJZ

Crude oil price surge pushes up prices of edible oils and spices in a fortnight

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In the past fortnight, crude palm oil prices have shot up to $1,110 per tonne from $1,040 per tonne. Similarly, soybean oil prices have gone up to $1,270 per tonne from $1,190 per tonne. from Agriculture-Economy-News-Economic Times https://ift.tt/3ccIvHW

NCML surpasses over 10,000 tonne auction quantity under Surakshit Mandi

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Project expands operation in Andhra Pradesh and Gujarat after successful deployment in Rajasthan and Odisha. from Agriculture-Economy-News-Economic Times https://ift.tt/3l6dn0H

Swaraj Tractors launches series of initiatives in paddy mechanisation in Andhra Pradesh & Telangana

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As one of the largest tractor players in both markets and with paddy as one of the main kharif crops of the region, Swaraj recently launched the New Swaraj 742XT tractor. from Agriculture-Economy-News-Economic Times https://ift.tt/2OAVcEe

India exports 87,000 tons of onion in Jan-Feb after ban lifted

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The price of onion has been on a declining trend from November 2020 and by December, prices in the mandis were reported to be significantly low. from Agriculture-Economy-News-Economic Times https://ift.tt/3kVm9yE

Govt says private companies developed 38 farm markets in last 3 years

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As per the 2006 National Commission on Farmers' Report, the minister said there should be one market to serve 80 square kilometre (sq km), whereas presently one regulated market serves 473 sq km. from Agriculture-Economy-News-Economic Times https://ift.tt/2O79xZr

Aquaconnect partners with Bank of Baroda to generate formal credit for over a million farmers

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Under this partnership, Bank of Baroda has extended loan for up to 10 lacs under KCC scheme and fisheries loan. Higher credit limits can also be availed under Pradhan Mantri Matsya Sampada Yojana (PMMSY) and The Fisheries and Aquaculture Infrastructure Development Fund (FIDF) schemes on case to case basis. from Agriculture-Economy-News-Economic Times https://ift.tt/3v8Iv4b

Mango production likely to jump 4.24% in 2020-21

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However, production of other summer fruits -- muskmelon and watermelon -- is estimated to be slightly lower than the previous year, as per the first estimate of horticultural crop production released by the ministry for the crop year 2020-21. from Agriculture-Economy-News-Economic Times https://ift.tt/3rw5dRJ

Women farmers key for making Indian agriculture self-reliant: Government

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Addressing a virtual event organised by Indian Council of Agricultural Research (ICAR) to commemorate the International Women's Day on Monday, two union ministers of state for agriculture -- Parshottam Rupala and Kailash Choudhary -- spoke about women's contribution in every sector including agriculture. from Agriculture-Economy-News-Economic Times https://ift.tt/3bqDWuj

From farms to mills, it's a long wait for Western UP farmers just to get sugarcane weighed

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Some pass their time chit-chatting about the ongoing protests, others while smoking bidis or cigarettes, but all of them sound worried about loads of sugarcane drying under a scorching sun, while Punjabi and Haryanvi songs continue to blare out loudly, either from their mobiles or small speakers fitted in their vehicles. from Agriculture-Economy-News-Economic Times https://ift.tt/3sXBmSs

UP farmers getting high prices of their produce, claims Adityanath

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After inaugurating a “jaggery festival”, the CM asserted his government has been working relentlessly to double the farmers' income by making them available a wider market for their produce. from Agriculture-Economy-News-Economic Times https://ift.tt/3eetN5O

Agriculture Minister Narendra Singh Tomar emphasises on raising private investment in farm sector

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Tomar, who is also the food processing minister, encouraged entrepreneurs to set up food processing units in the country, and assured them that the government will provide all possible help. He informed that the government is granting speedy approvals to the food processing projects. from Agriculture-Economy-News-Economic Times https://ift.tt/38fB5T1

Saudi Arabia’s Salic to step up India agri investments

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Salic, wholly-owned by Public Investment Fund, will invest in agricultural projects and livestock production by partnering with governments across “multiple geographic areas”, the company said. from Agriculture-Economy-News-Economic Times https://ift.tt/3qjS1y7

Govt buys paddy worth Rs 1.26 lakh crore at MSP so far this kharif marketing season

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"In the ongoing Kharif Marketing Season (KMS) 2020-21, the government continues to procure Kharif 2020-21 crops at MSP (Minimum Support Price) from farmers as per existing MSP schemes, as was done in previous seasons," an official statement said. from Agriculture-Economy-News-Economic Times https://ift.tt/3e64ClW

Govt promoting agri sector by reforming laws: Narendra Singh Tomar

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Tomar also highlighted various steps taken by his government during the last six-and-half years to boost the agriculture sector and enhance farmers' income, according to a release issued by his ministry. He said the government transferred Rs 1.15 lakh crore directly into the bank accounts of nearly 10.75 crore farmers under the flagship PM KISAN programme. from Agriculture-Economy-News-Economic Times https://ift.tt/3qjLXp4

Non-basmati rice exports increase to Rs 26,058 crore during April-Jan

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"During April -January 2020-21, the shipment of non-Basmati rice witnessed an impressive spike. The non-basmati rice exports were Rs 26,058 crore (USD 3,506 million) during April-January 2021 against Rs 11,543 crore (USD 1,627 million) reported during April-January 2020 period," it said. from Agriculture-Economy-News-Economic Times https://ift.tt/30cbRk1

Indian rice exporters in a fix as transport costs rise, demand from Gulf drops

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The Gulfood 2021 held between February 21-25 in Dubai did not garner much business for Indian basmati exporters as people stayed away in fear of coronavirus. However, South American buyers such as Peru and Argentina have recently granted market access to the Indian basmati rice, which will help the basmati rice trade to boost exports and get better prices. from Agriculture-Economy-News-Economic Times https://ift.tt/3sGgIGu

Indian cotton prices increase 5% in a month; trade expects upward trend to continue

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Traders, millers and brokers are upbeat that the rising trend in cotton prices will sustain in 2021-22 owing to projections of lower sowing in major cotton growing countries such as the United States, Brazil and India. from Agriculture-Economy-News-Economic Times https://ift.tt/3sPVxlw

Government mulls hiking MSP for jute

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The Jute corporation of India (JCI) is the central government''s nodal agency to undertake price support operations. from Agriculture-Economy-News-Economic Times https://ift.tt/3087Vkf

India's October-February sugar output jumps 20%, few mills close early: Trade body

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In the current marketing year that begun on Oct. 1, 502 sugar mills have started operations, but 98 mills stopped crushing by February end, the Indian Sugar Mills Association (ISMA) said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3uXCZld

Wheat procurement may rise 10 pc at 427 lakh tonnes in 2021-22 marketing year

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"A total quantity of 427.363 lakh tonnes wheat has been estimated for procurement during the forthcoming RMS 2021-22 which is 9.56 per cent more than the 389.93 lakh tonnes procured during RMS 2020-21," an official statement said. from Agriculture-Economy-News-Economic Times https://ift.tt/3e364FM

Darjeeling planters target expats and high net worth individuals

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Darjeeling First Flush, the earliest leaves and buds harvested in the season, is plucked between late February and early April. from Agriculture-Economy-News-Economic Times https://ift.tt/3b9pxCU

Indian trade houses vying for sugar exports due to bullish global demand and suppressed domestic prices

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Exporters are getting Rs 1-2 per kg more than the minimum selling price (MSP) of Rs 31 per kg set by the government. However, traders said a large quantity of sugar is sold below MSP by the sugar mills due to surplus availability. from Agriculture-Economy-News-Economic Times https://ift.tt/2NJJgQH

Agri reforms aimed at last-mile delivery in a time-bound and efficient manner: PM Modi

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Modi said the reforms in this sector should have been ushered in some decades back and the country should move ahead without delay in post-harvest value addition. from Agriculture-Economy-News-Economic Times https://ift.tt/30fMIoR