Agri News India

NCDEX SOYDEX is a price based index that tracks the price movement in the futures contracts of its underlying - soybean and refined soy oil on a real-time basis. The weightage of soybean and refined soy oil in the index will be 67.92 percent and 32.08 percent, respectively. from Agriculture-Economy-News-Economic Times https://ift.tt/3zyAEyK

Similarly, the wholesale price of tomato at Jalgoan in Maharashtra -- the country's sixth largest tomato growing state -- fell by 80 per cent to Rs 4 per kg on August 28 from Rs 21 per kg in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/3zvVWwW

It was launched by Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying in presence of Meenesh Shah, Chairman, NDDB, it added. from Agriculture-Economy-News-Economic Times https://ift.tt/3mFWPj5

"Some of their complaints include Buyers / Auctioneers getting logged out without any notice, Auction Schedules getting totally disrupted, Bids are not being accepted by the system resulting in outlots / lower price realization and buyers are losing out on buying," the board said. from Agriculture-Economy-News-Economic Times https://ift.tt/3ynpWKa

The Karnataka Industrial Areas Development Board (KIADB) will develop the facility on a 10-acre plot at the earliest, Industries Minister Murugesh R Nirani said. from Agriculture-Economy-News-Economic Times https://ift.tt/3jm3v3J

Lasalgaon and Pimpalgaon in Nashik district are two of India’s largest tomato markets during the monsoons season. However, farmers are getting only about Rs 3/kg to Rs 5/kg for their produce, which is not even enough to cover the transport cost. from Agriculture-Economy-News-Economic Times https://ift.tt/3gAjzNq

Producers are fretting about the decline in prices that could be accelerated due to the disruption in auction sales. For instance, the average prices of teas in Assam’s Guwahati tea auction centre have fallen by 18 per cent between April to July this year as compared to the same period last year. from Agriculture-Economy-News-Economic Times https://ift.tt/3krr8qT

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

The central government announces the FRP, the minimum price that mills have to pay to cane growers, every year before start of the sugarcane crushing season. from Agriculture-Economy-News-Economic Times https://ift.tt/3ki3htI

Paddy procurement in the ongoing KMS 2020-21 is continuing smoothly in the procuring states. Kharif marketing season runs from October to September. from Agriculture-Economy-News-Economic Times https://ift.tt/3koMa9s

Instead of giving subsidy for sugar exports, which have now become lucrative, the government is likely to increase ethanol procurement prices, industry leaders said. from Agriculture-Economy-News-Economic Times https://ift.tt/3DmMxKG

BJD party spokesman Sasmit Patra said till Kharif 2020, the total premium paid to insurance companies was Rs 6163.28 crore while the payment by the insurance companies was Rs 5,098.64 crore. Thus, the insurance companies profited to the tune of Rs 1,064.64 crore, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/2XGBvPS

“Heavy rains are likely to impact coffee production this year. As of now our estimate is that there may be a 10 per cent drop in coffee crop,” said Jeffry Rebello, chairman, UPASI (United Planter’s Association of Southern India) coffee committee. from Agriculture-Economy-News-Economic Times https://ift.tt/385A3IS

Sowing of kharif crops begins with the onset of southwest monsoon from June. Monsoon rainfall was lower eight per cent between June 1 and August 20, the ministry said. from Agriculture-Economy-News-Economic Times https://ift.tt/3kvOR9F

The wholesale price of rice also fell 2.17 per cent to Rs 3,030.6 per quintal from Rs 3,097.88 per quintal in the said period, it added. In the case of wheat, retail prices dipped by 2.18 per cent to Rs 26.52 per kg on August 16 from Rs 27.11 per kg in the month-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/3D4wyk7

from Agriculture-Economy-News-Economic Times https://ift.tt/37U4DoK

Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore. from Agriculture-Economy-News-Economic Times https://ift.tt/3jXMfRu

"CCEA has approved a revival package of Rs 77.45 crore for NERAMAC," Information and Broadcasting Minister Anurag Thakur told reporters after the meeting. from Agriculture-Economy-News-Economic Times https://ift.tt/2UqPoAq

"The government is not considering any subsidy at the moment for next year," Sudhanshu Pandey, the most senior civil servant at the Ministry of Consumer Affairs, Food and Public Distribution, told Reuters in an interview. from Agriculture-Economy-News-Economic Times https://ift.tt/3m7FzD5

In a discussion with Economic Times, industry experts share how soy, a high-quality protein ingredient, can be a key product differentiator as livestock feed, highlighting the quality of protein production. from Agriculture-Economy-News-Economic Times https://ift.tt/3ATL5gR

Vasanthkumar Shetty, president of the Poultry Farmers and Breeders Association (Maharashtra), said: "Due to high feed prices, small farmers have stopped placement of chicks. The poultry integrators do not have that option. But they have reduced the chick placement by about 15%.” from Agriculture-Economy-News-Economic Times https://ift.tt/3m72Nt1

Bangladesh’s decision will primarily help the eastern states of West Bengal, Bihar and Odisha to export more rice as the transportation cost will be less through the land route compared with other states. But rice producers in other states too will likely benefit from the higher prices. from Agriculture-Economy-News-Economic Times https://ift.tt/3xW29AK

​​Presenting the budget, Minister for agriculture and farmer's welfare, M R K Panneerselvam said the views of farmers and experts were sought and the budget was prepared based on their views. ​​"The agriculture budget is the aspiration of farmers. It is a dream of nature lovers." from Agriculture-Economy-News-Economic Times https://ift.tt/3lXBKjM

Sowing of kharif picks up with the onset of Southwest monsoon rains, which have been 6 per cent below average so far in the season that began from June 1. Farmers have planted summer(kharif)-sown crops in 997 lakh hectare till August 13 of the ongoing crop year, slightly slower than 1,015.15 lakh hectare in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/3CJoMfj

The total cotton production in 2019-20 (October 2019-September 2020) had stood at 360 lakh bales, CAI said. from Agriculture-Economy-News-Economic Times https://ift.tt/3iFN3uW

Quality, regulation and market analysis are of vital importance in exports of agriculture, horticulture and fisheries, Vijay Raghavan said at FIEO's (Federation on Indian Export Organisations) two-day virtual orientation workshop on R&D exports, concluded on August 12. from Agriculture-Economy-News-Economic Times https://ift.tt/3iFUour

The Food Safety and Standards Authority of India (FSSAI) said anything that is non-food is not within its ambit. Importers, including corporates like Godrej Agrovet, said imports will arrive in 10 days as there is severe shortage in the country while global prices are 40% of local prices. India has been importing GM soyabean oil and also consumes locally produced GM cotton seed oil. from Agriculture-Economy-News-Economic Times https://ift.tt/3CKH5Rd

Besides mechanisation of farming, technology penetration in Indian agriculture sector is happening at multiple levels: policy interventions, digital innovations and biotechnology. In June, Bain & Co estimated that $30-35 billion of value pool will be created in agri-logistics, offtake, and agri-input delivery in India by 2025. from Agriculture-Economy-News-Economic Times https://ift.tt/3iCf729

The Chief Minister said that the consignment is send through North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC) in association with the state Department of Agriculture. from Agriculture-Economy-News-Economic Times https://ift.tt/3yKAsMo

Indian agri sector has performed very well during the Covid period. Not only foodgrain production has increased but also exports, thereby contributing to global food security, an official statement quoted Tomar having said. from Agriculture-Economy-News-Economic Times https://ift.tt/2XnBy35

Mills have contracted to export the entire 6 million tonne sugar quota assigned by the food ministry in January this year, All India Sugar Trade Association (AISTA) said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/2VPvC2b

Releasing the fourth advance estimate for the 2020-21 crop year, the agriculture ministry said foodgrain production is projected at a record 308.65 million tonnes. from Agriculture-Economy-News-Economic Times https://ift.tt/3m1EZ9E

The birth rate of new businesses showed a healthy pace of growth from 7.8 per cent in FY16 to 10.2 per cent in FY20 and further to 11.6 per cent in FY21, despite the pandemic and subsequent waves of lockdown. from Agriculture-Economy-News-Economic Times https://ift.tt/3iCl8f8

IMD forecasts monsoon will remain normal for the rest of the season. However, concerns around kharif sowing persist mainly because of uneven distribution of rainfall from Agriculture-Economy-News-Economic Times https://ift.tt/3AozBl8

Grains traders are awaiting a key report later this week from the U.S. Department of Agriculture, which will update estimates for world output and stockpiles. from Agriculture-Economy-News-Economic Times https://ift.tt/3iE7tnO

ACMS president and former DoNER minister Paban Singh Ghatowar while participating in the 63rd foundation day of the ACMS in Dibrugarh on Monday said that setting up of tea ministry was a long pending demand of people of the state. from Agriculture-Economy-News-Economic Times https://ift.tt/3iwogsV

Addressing a virtual event on PM-Kisan scheme, he said over Rs 11,000 crore will be invested in the edible oil ecosystem. from Agriculture-Economy-News-Economic Times https://ift.tt/37ultuk

from Agriculture-Economy-News-Economic Times https://ift.tt/3jBxrIb

According to a press release issued by the Ministry of Chemicals and Fertilizers, Indian Farmers Fertilizers Cooperative Limited (IFFCO) has introduced the world's first Nano Urea, an innovative solution for reducing environmental pollution and soil health. from Agriculture-Economy-News-Economic Times https://ift.tt/3s5o7Qv

Planters said good monsoon rains will give a boost to demand in rural areas where tea is the main beverage. The improvement is not just in domestic demand. Orders from the US, UK and other countries are also increasing. Indian tea prices have also corrected over the last one month by 25-30%, with supplies improving on the back of good rainfall in the tea estates after the March till May dry spell. from Agriculture-Economy-News-Economic Times https://ift.tt/2VCKOza

Anshuman Kanoria, a member of the Santosh Kanoria family, said "we have bought the two premium tea gardens of Darjeeling, Jungpana and Goomtee. Jungpana is the most premium tea of Darjeeling and fetches a very high average price realisation". from Agriculture-Economy-News-Economic Times https://ift.tt/2TTC0EG

The government has set the ambitious target for more than three-fold increase in domestic palm oil production, from the current 3 lakh tonnes to 11 lakh tonnes by 2025-26, to reduce India’s high dependence on import of edible oil. To accelerate production and cultivation of oil palm in the country, the government will now put special focus on the North East and Andaman and Nicobar Islands. from Agriculture-Economy-News-Economic Times https://ift.tt/3fxyNCs

The importers had warehoused the goods in free trade warehousing zones (FTWZs) even before the May 15 government notification on changing the category to “free.” from Agriculture-Economy-News-Economic Times https://ift.tt/3jqUWn0

This consignment is sourced from the farms of Burigaon in Darrang District and will give a further boost to farmers’ income especially during this pandemic situation. Though the initial order is for 50 MT of Maize, NERAMAC expect that this will open the floodgate for exporting the varied agri-horti produces of North East India to newer markets. from Agriculture-Economy-News-Economic Times https://ift.tt/3A4wTB6

According to the release issued by the Federation, Shah promised to issue orders before August 15 asking the banks to adopt a flexible policy about financing of the ambitious ethanol projects. from Agriculture-Economy-News-Economic Times https://ift.tt/3CauSoS

In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Karad said the Centre has not implemented any farm loan waiver scheme since 'Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS), 2008'. from Agriculture-Economy-News-Economic Times https://ift.tt/3xksdW3