Posts

Showing posts from June, 2021

Tech, policy changes to drive $30-35 billion in e-sales, farm inputs by 2025: Report

Image
The report further highlighted that the three Bills passed in September 2020, by Parliament on agriculture-focused reforms, are intended to encourage investment in direct farmer purchase by corporate, free movement of food items from production to consumption centre and private investment in storage. from Agriculture-Economy-News-Economic Times https://ift.tt/3dwW7PA

Indian agritech firms to create value pool of $30-$35 billion by 2025: Bain & Company

Image
Growth of new food products and uses as in vertical farming/controlled environment agriculture, regenerative agriculture, sustainability services, carbon trading. For example: Plenty, Root AI, Infarm from Agriculture-Economy-News-Economic Times https://ift.tt/3w0yJk4

Agri financing companies expect a major uptick in financing demand from the agricultural sector this Kharif

Image
Financers said that the economic impact of the second wave of the pandemic is softer and will likely be limited to the April-June quarter. Rural demand, which remains resilient, will continue to be supported by strong agricultural production, higher procurement prices for the 2021-22 season together with an overall rebound in economic activity. from Agriculture-Economy-News-Economic Times https://ift.tt/3jsBJ67

Weak monsoon may lead to resowing of kharif crops

Image
Till Tuesday, rainfall across the country was 179.4 mm, and would end the month with at least a 17% surplus over the first month of the season. from Agriculture-Economy-News-Economic Times https://ift.tt/3drLyxn

Monsoon revival in the coming week may be crucial for kharif crop

Image
The India Meteorology Department (IMD) has forecast a break in the monsoon till July 5, but the industry is hoping for a revival sooner as the next one week will be crucial for kharif output. from Agriculture-Economy-News-Economic Times https://ift.tt/3hgc8KT

Haryana govt extends date of crop loan repayment

Image
The move will benefit about 3.5 lakh farmers of the state, who are likely to get interest relief of about Rs 35 crore, according to an official statement. from Agriculture-Economy-News-Economic Times https://ift.tt/2Udq7ti

30 FPOs see over 2-fold jump in revenue in 2 years after SFAC intervention

Image
"A gamut of interventions were undertaken by way of input, credit, common facilities and market linkages, in addition to capacity-building and training of the Board of Directors (BoDs) on business planning. Notably, almost all of the FPOs were credit-linked for either working capital or term loan," said SFAC Managing Director Neelkamal Darbari in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3w0sGfo

Price crash and fungal infection force growers to dump quintals of mangoes on highway

Image
Karnataka State Mango Development and Marketing Corporation Limited chairman K V Nagaraju said most of the crop destroyed this time is Totapuri variety though other crops suffered minimum losses. from Agriculture-Economy-News-Economic Times https://ift.tt/3jeIEQh

Nafed to open 200 grocery stores named Nafed Bazar under franchise mode by March 2022

Image
The store was inaugurated by NAFED chairman Dr Bijender Singh along with Dr Chander Pal Singh, chairman, Krishak Bharti Limited (KRIBHCO). Mrinalini Shrivastava, Commissioner Investment, Sikkim Government was also present on the occasion. from Agriculture-Economy-News-Economic Times https://ift.tt/2UuV9Nb

Slow monsoon progress, lack of certified seeds may impact soya sowing

Image
“There is lesser availability of certified seeds this year,” D N Pathak, executive director of leading trade body Soyabean Processors Association of India (SOPA), told ET. “The soyabean crop last year was damaged due to excessive rains, high temperature and pest attack, for which the quality of seeds with the farmers may be not so good.” from Agriculture-Economy-News-Economic Times https://ift.tt/3j8IgTl

Half of global cotton growing regions may face severe climate risks: Study

Image
"As it stands, emission reduction commitments and targets are being missed by the majority of countries, including India, meaning that warming of more than 3°C is probable by the end of this century," the study said. from Agriculture-Economy-News-Economic Times https://ift.tt/3gY3xfL

India, Fiji sign MoU for cooperation in agriculture

Image
Speaking at the event, Narendra Singh Tomar said India has helped all the countries during the COVID pandemic under the leadership of Prime Minister Narendra Modi. The prime minister has focused on agriculture and the development of villages from the very beginning, he added. In this direction, Tomar highlighted that the government has taken many concrete steps like setting up of Rs 1 lakh crore Agriculture Infrastructure Fund and creation of 10,000 FPOs. from Agriculture-Economy-News-Economic Times https://ift.tt/3d2wLZN

India's ethanol plan could drive a sugar bull market, says new report

Image
According to a report released on Monday by food trader and supply chain services provider Czarnikow Group, India's ethanol program will lead the government to end sugar export subsidies and erase exportable sugar volumes from the country, currently the second-largest producer after Brazil. from Agriculture-Economy-News-Economic Times https://ift.tt/2UpLw2o

Australia seeks clarity on agri infra fund, cotton subsidies

Image
Australia has asked India to provide the overall value of cotton production in the country and confirm that New Delhi has not exceeded the ceiling. The issue came up on June 17-18 at the meeting of the WTO Committee on Agriculture. from Agriculture-Economy-News-Economic Times https://ift.tt/2SR8bnH

Government says retail prices of tur, moong dal and urad on declining trend

Image
According to the ministry, the average increase in prices of these three pulses during April to June 16, 2021 was 0.95 per cent as compared with previous three months (January-March, 2021) from Agriculture-Economy-News-Economic Times https://ift.tt/35AEzOk

Agriculture minister Narendra Tomar rules out repeal of farm laws; says govt ready to resume talks on provisions

Image
The government and unions have held 11 rounds of talks, the last being on January 22, to break the deadlock and end the farmers' protest. Talks have not resumed following widespread violence during a tractor rally by protesting farmers on January 26. from Agriculture-Economy-News-Economic Times https://ift.tt/2TLk0w0

Seed industry urges govt to take action against illegal cultivation of HT-Bt cotton

Image
The NSAI said regulators are only limiting their checking to licensed dealers and seed companies while this illegal activity of HT seed sales is carried mostly by unorganised and fly-by night operators. Focus must be shifted to catching them and taking exemplary and strong punitive action. from Agriculture-Economy-News-Economic Times https://ift.tt/3zAOGQX

UP's sugarcane area to rise for 5th straight year, says minister Suresh Rana

Image
The state added 33% more area under sugarcane and expects to increase it further during 2021-22, while the central government has been struggling to reduce subsidies and other financial assistance extended to the sector to deal with the problem of excess sugarcane production in the country. from Agriculture-Economy-News-Economic Times https://ift.tt/3iQOGGo

Arya Collateral organising a training in mushroom cultivation for farmers

Image
The global mushroom industry has grown rapidly in recent years in terms of beneficial effects, market value, and demand. from Agriculture-Economy-News-Economic Times https://ift.tt/2S8tZLo

Tamil Nadu announces Rs 61.09 crore paddy cultivation package for farmers

Image
The chief minister had opened the sluice gates of the Stanley reservoir at Mettur on June 12, the customary date for opening the dam, to facilitate the Kuruvai paddy cultivation. from Agriculture-Economy-News-Economic Times https://ift.tt/2U2vXNN

Sugar production up 13 per cent so far this marketing year at 307 lakh ton; 58 lakh ton exports contracted

Image
"Sugar mills across the country have produced 306.65 lakh tonnes of sugar between 1st October 2020 and 15th June 2021. This is 35.54 lac tonnes higher than 271.11 lac tonnes produced at the same time last year," Indian Sugar Mills Association (ISMA) said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3gw4JrO

Potato farmers staring at a loss as prices fall below production cost

Image
Higher production of potatoes coupled with a pause on government schemes like midday meal due to the lockdown have resulted in higher supply of potatoes in the market, thus dampening price from Agriculture-Economy-News-Economic Times https://ift.tt/3cNxrCm

Assam government to create facility to irrigate one lakh hectares

Image
Chief Minister Himanta Biswa Sarma held a joint meeting with the Irrigation and Soil Conservation Departments and reviewed the implementation of various projects. He directed the Irrigation Department to propose two big projects to irrigate a total of 1 lakh hectare lands in the shortest possible time. from Agriculture-Economy-News-Economic Times https://ift.tt/3zy9YhV

Govt suspends power of Cashew Export Promotion Council to issue certificate to avail sops

Image
“Cashew Export Promotion Council of India’s power to issue/renew RCMCs for products falling under their jurisdiction are suspended and APEDA is designated as the agency authorised to issue RCMC for cashew kernels, cashewnut shell liquid and kardanol, with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a public notice. from Agriculture-Economy-News-Economic Times https://ift.tt/3voktRZ

Monsoon covers two-third of India earlier than usual, to accelerate crop sowing

Image
Monsoon arrived in the southern state of Kerala on June 3 against the usual June 1, but has advanced quickly since. Since the start of the season, the monsoon has delivered 25% more-than-normal rainfall, boosted by higher rainfall in the central India region, data compiled by IMD showed. from Agriculture-Economy-News-Economic Times https://ift.tt/3wpvQKx

Lack of product mix variety, failure to leverage GI tag led to tea exports slowdown: Experts

Image
"By not promoting our logos and GI brand, we have alienated buyers to our detriment," Indian Tea Exporters' Association Chairman Anshuman Kanoria told. from Agriculture-Economy-News-Economic Times https://ift.tt/3iCeEgQ

WTO convenes key meeting of trade ministers on July 15 on fisheries subsidies

Image
Hectic negotiations are going on in Geneva on the matter. The objective of these negotiations is to discipline subsidies with the overall objective to have sustainable fishing and to eliminate IUU (illegal, unreported and unregulated) fishing subsidies and prohibit subsidies contributing to overcapacity and overfishing. from Agriculture-Economy-News-Economic Times https://ift.tt/2SmLTu3

Action by government and agri-tech startups can revamp Indian agriculture: ETILC Members

Image
The Union government is expecting an increase in demand from the farm sector and is making arrangements to supply seeds, fertilizers and pesticides in the required amounts. from Agriculture-Economy-News-Economic Times https://ift.tt/2SuTruu

India's sugar exports touch 4.25 million tonnes so far this year: AISTA

Image
Of the total exports undertaken so far, maximum exports have been undertaken to Indonesia at 1.40 million tonnes so far this year, followed by Afghanistan at 5,20,905 tonnes and the UAE at 4,36,917 tonnes and Sri Lanka at 3,24,113 tonnes. from Agriculture-Economy-News-Economic Times https://ift.tt/3pGILW1

Maharashtra government waives interest on crop loan up to Rs three lakh

Image
Earlier, there was 1 per cent concession in interest rate if crop loan between Rs 1 lakh and Rs 3 lakh was repaid on time. The concession has been now raised by by 2 per cent (total 3 per cent which has been waived), a statement from the chief minister's office (CMO) said. from Agriculture-Economy-News-Economic Times https://ift.tt/2TRbLhL

India's agriculture exports jump to $ 41 billion despite pandemic disruptions

Image
The largest markets for India's agriculture products are the USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia. Exports to most of these destinations have registered growth, with the highest growth being recorded for Indonesia (102.42%), Bangladesh (95.93%) and Nepal (50.49%). from Agriculture-Economy-News-Economic Times https://ift.tt/3cwd50c

Cabinet approves up to 5% higher MSP for slew of kharif crops

Image
The Union Cabinet on Wednesday approved an increase in minimum support price (MSP) of several kharif crops, in line with the Centre’s efforts to allay fears over the contentious farm laws. from Agriculture-Economy-News-Economic Times https://ift.tt/3v2Xeg5

Cabinet approves 4-5% increase in MSP of several kharif crops

Image
“As per the MSP policy announced by Prime Minister Narendra Modi, farmers are certainly benefitting greatly from the scheme,” agriculture minister Narendra Singh Tomar said at a press briefing. from Agriculture-Economy-News-Economic Times https://ift.tt/3pz8tvy

Union Cabinet approves hike in MSP for kharif crops

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

Govt buys record 418.47 lakh tn wheat at MSP for Rs 82,648 cr this year

Image
The Centre on Wednesday said it has procured a record 418.47 lakh tonnes of wheat so far in the current marketing year that started in April, costing exchequer Rs 82,648 crore. from Agriculture-Economy-News-Economic Times https://ift.tt/2Tia9xy

Agriculture Minister says govt ready to talk with farmer unions; asks them to share objection on farm laws

Image
Thousands of farmers, mainly from Punjab, Haryana and western Uttar Pradesh, have been camping at Delhi's borders for more than six months in protest against the three laws that they say will end state procurement of crops at MSP. from Agriculture-Economy-News-Economic Times https://ift.tt/3g60fIj

Govt hikes paddy MSP by Rs 72/qtl to Rs 1,940 for 2021-22 crop year

Image
Paddy is the main kharif crop, the sowing of which has begun with the onset of the Southwest monsoon. The Met Department has projected a normal monsoon for the June-September period. from Agriculture-Economy-News-Economic Times https://ift.tt/3v0YWhS

Cotton industry is trying to poach farmers to increase acreage as farmers may opt for edible oils due to record prices

Image
Cotton prices have increased to more than Rs 7000 per quintal as against the minimum support price (MSP) of Rs 5825/quintal for long staple cotton. While prices of soyabean seeds are ruling above Rs 7000/quintal as against MSP of Rs 3880/quintal. from Agriculture-Economy-News-Economic Times https://ift.tt/3cLGTGn

Thanks to the pandemic, Indians will consume 5% less sugar during 2020-22

Image
That translates into 2.6 million tonnes of the primary sweetener. This loss of demand is in addition to the already declining trend of sugar consumption in the country due to the perceived health risks associated with excess consumption of the commodity. from Agriculture-Economy-News-Economic Times https://ift.tt/3x378Q8

BeAM inks pact to enhance smallholder farmers' income in Maharashtra

Image
The MoU aims to bring the benefit of globally competitive market technologies to enhance the efficiency of physical markets represented by these institutions in areas such as knowledge sharing, education and training and related events, the exchange said. from Agriculture-Economy-News-Economic Times https://ift.tt/3g3Rfn0

Tea output decreases in Assam and West Bengal in first five months of 2021: Industry

Image
Prices of teas at the auctions have already increased by 5-10% in the last one month and these products will be available to consumers by the end of July when they may have to pay more for the cuppa. In 2020, the nationwide lockdown had impacted tea production, pulling it down by 140 million kg from the level in 2019, a normal tea production year. from Agriculture-Economy-News-Economic Times https://ift.tt/2TEQkjW

'Noorjahan' mangoes in Madhya Pradesh fetching rate up to Rs 1,000 apiece

Image
Locals claim 'Noorjahan' mangoes are of Afghan origin and cultivated only in the Katthiwada region of Alirajpur district adjacent to the Gujarat border, approximately 250 km from Indore. from Agriculture-Economy-News-Economic Times https://ift.tt/3fXFluw

Second COVID-19 wave not to impact India's agri sector in any way: Niti Aayog

Image
"COVID-19 cases started spreading in the rural areas in the month of May, with the beginning of the month of May, and agriculture activity in the month of May is bare minimal, particularly land-based activities," Niti Aayog Member (Agriculture) Ramesh Chand added. from Agriculture-Economy-News-Economic Times https://ift.tt/2TJIp54

Government says edible oil prices softening

Image
Addressing a virtual press conference, Union Food Secretary Sudhanshu Pandey said there is a declining trend in the edible oil prices as per the futures market rates till December. from Agriculture-Economy-News-Economic Times https://ift.tt/3vMxF45

Pulses association demands clarification on stock monitoring under EC Act; claims it may hamper trade

Image
Indian Pulses and Grains Association has claimed that traders are hesitant to import or procure pulses in the domestic market for fear of government action. from Agriculture-Economy-News-Economic Times https://ift.tt/2RghCwe

Govt unveils road map to set up centralised farmers’ database

Image
“The dream of a self-reliant and digital India will only be realised by taking along the agriculture sector,” said agriculture minister Narendra Singh Tomar while unveiling the road map on Tuesday. “Its final document will guide digital farming in future,” he said. from Agriculture-Economy-News-Economic Times https://ift.tt/2SWvQmE

Farmers understanding benefits of price-locking at sowing time with options trade: Officials

Image
A special 'options familiarisation programme for FPOs (Farmer Producer Organisations)' has also helped farmers learn a technique to take care of the price risk and concentrate their efforts on increasing the yield of their crops, an official said. from Agriculture-Economy-News-Economic Times https://ift.tt/2RjZaTC

Sugar production up 13 pc to 305.68 lakh tonnes during Oct'20 - May'21

Image
"Sugar mills across the country have produced 305.68 lakh tonnes of sugar between October 1, 2020 and May 31, 2021," the Indian Sugar Mills Association (ISMA) said in a statement. Sugar production stood at 270.05 lakh tonnes in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/2RYDU5W

Recipe for disaster: COVID-19 spreads fear in India's tea estates

Image
As some of the cities worst hit by India's COVID-19 crisis see a lull in new cases, infections are rising among millions of tea pickers - many of whom live in cramped living quarters where measures to curb the virus's spread are difficult to implement. from Agriculture-Economy-News-Economic Times https://ift.tt/3vEEzIo