Posts

Showing posts from September, 2021

Stockists declare 30.97 lakh pulses stock on govt portal so far

Image
​​ "At least 11,635 stockholders have registered declaring 3097694.42 tonne of stock of pulses on the official portal of Department of Consumer Affairs as on September 20, 2021," the ministry said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3AXApOD

Sugar industry's future looks good but persisting concerns need attention, says rating agency

Image
Sugar exports surpassed 5 million tonne mark in early August with Indonesia being the biggest buyer. The report added that the Fair and Remunerative Price (FRP) increased to Rs 290 per quintal for sugar season 2022. However, the issues of the MSP and cane arrears continue to be important. from Agriculture-Economy-News-Economic Times https://ift.tt/3mhLW5k

September rains damage 12% of kharif crops in Maharashtra

Image
Unprecedented rainfall in Marathwada has submerged the soya bean crop. The India Meteorological Department (IMD) has predicted formation of Cyclone Shaheen along the Gujarat coast in the next 48 hours, which would continue to pour water along the western coast. from Agriculture-Economy-News-Economic Times https://ift.tt/3CZ7ES9

Soyabean Prices crash by 50% in a month

Image
The sharp fall in prices has angered farmers across Maharashtra and Madhya Pradesh. Some farmers have started sharing soyabean price trends on social media. The industry has claimed that it was not the farmers but the stockists and the hoarders who had benefitted from the high rates. from Agriculture-Economy-News-Economic Times https://ift.tt/3zWNTZK

PM Modi launches 35 crop varieties with special traits to address climate change, malnutrition

Image
The new crop varieties were dedicated to the nation through a video conference organised at all ICAR institutes, state and central agricultural universities and Krishi Vighyan Kendra. from Agriculture-Economy-News-Economic Times https://ift.tt/3AN2Aj9

The real agri reforms India needs

Image
To date, India’s investments in agriculture has not led to sustained increase in farmer incomes. To remedy this problem, GoI is committed to developing a strategy to double farmers’ income. These public incentives also need to be better designed to reduce the sector’s impact on climate. In 2016, agriculture represented 14% of the country’s emissions. from Agriculture-Economy-News-Economic Times https://ift.tt/3ibd1Ws

Tea Research Institute to sign research MoU with Patanjali

Image
Patanjali MD Balkrishna stated that Patanjali will work with Industries and Commerce Department to promote medicinal plantation in Assam and buy back from farmers for their products manufactured in Sonitpur and Haridwar. from Agriculture-Economy-News-Economic Times https://ift.tt/3lTtZtu

UP hikes sugarcane purchase price by Rs 25 per quintal

Image
"UP govt has decided to increase MSP for sugarcane from Rs 325/quintal to Rs 350/quintal. This'll provide 8% additional income to farmers...We've intensified the process of withdrawing cases lodged against farmers," said CM Yogi Adityanath. from Agriculture-Economy-News-Economic Times https://ift.tt/3zHZfR7

IFFCO's nano urea technology revolution for agriculture sector: Amit Shah

Image
Amit Shah described the role of IFFCO in making the Green Revolution successful in the country and praised the world's first nano liquid urea manufactured by IFFCO. from Agriculture-Economy-News-Economic Times https://ift.tt/39AtRcG

Rural demand expected to get Rs 10,700-cr boost from bumper crops: Report

Image
The agriculture ministry projects a good crop in the first advance estimates for the kharif season at over 150 million tonnes. Along with that, the government had also earlier increased the minimum support price (MSP) of all kharif crops by 1-5 per cent with tur, urad, groundnut, jowar and bajra getting the upper end of these new prices. The normal monsoons will also aid the farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZvqKkr

MP ahead of other states in developing agriculture infrastructure: Tomar

Image
Tomar said that Madhya Pradesh will emerge as a "model state" in the country in the agriculture sector by working on a mission mode. from Agriculture-Economy-News-Economic Times https://ift.tt/2Zu46Jh

Cargill launches 'Digital Sathi', a mobile first local online service platform

Image
"Digital Saathi will provide digitally enabled agriculture advisory services and enhanced market access to smallholder farmers based in 5 districts of Karnataka including Davangere, Bellary, Haveri, Chitradurga and Shimoga," said Cargill in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3nZgsmM

India sugar mills pause export deals in bet price will rise more

Image
A slower pace of sales by India, which is estimated to have almost 9 million tons in reserves next month, may heat up the global market again. from Agriculture-Economy-News-Economic Times https://ift.tt/3i2a62b

Telangana govt signs MoU with Wingsure for AI-driven personalised insurance and advisory services to farmers

Image
Wingsure will provide deep-tech-based personalized crop insurance products and advisory services to small, underserved farmers in the state. from Agriculture-Economy-News-Economic Times https://ift.tt/3zvaVXo

Agricultural and processed food exports up 21.8% in April-August: Govt

Image
The exports of products under the ambit of the Agricultural and Processed Food Products Export Development Authority (APEDA) were $7.9 billion in the first five months of the fiscal as against $6.4 billion a year ago, the commerce and industry ministry said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3tWs8b3

Kharif foodgrain output estimated at a record 150.50 million tonne this year, says Centre

Image
Sowing of kharif (summer) crops like paddy begins with the onset of the Southwest monsoon from June, while harvesting in most of the parts commences from October. from Agriculture-Economy-News-Economic Times https://ift.tt/3tYliS7

Himachal Apple growers demand govt support as farm-gate prices fall to a 10-year low

Image
Orchard owners have asked the Centre to implement the Kashmir formula in Himachal as well to cushion cultivators from a price shock. from Agriculture-Economy-News-Economic Times https://ift.tt/3u1q8hM

You may see weaker harvests and bigger grocery bills next year

Image
Farmers growing the commodity-grade corn, soy and other grains that fuel both livestock and packaged-food factories are already spending more than normal on seeds, labor, transportation and equipment. from Agriculture-Economy-News-Economic Times https://ift.tt/3hRECMg

India becoming destination country for healthy foods like millets: Tomar at G-20 agri meet

Image
Tomar said the United Nations (UN) has accepted India's proposal and declared 2023 as international year of millets and urged the G-20 nations to support the celebration of the millet year to promote nutrition and sustainable agriculture. from Agriculture-Economy-News-Economic Times https://ift.tt/3zpFmxQ

Higher investment required in agri R&D: India says at G20 agri meet

Image
"There is a need to rethink and adapt agricultural research and development, along with increasing investment in scientific research to achieve adequate and nutritious food along with environmental sustainability," Agriculture Minister Narendra Singh Tomar said. from Agriculture-Economy-News-Economic Times https://ift.tt/3hL7fuu

12 crore farmers benefited from PM-Kisan, 2.5 core in UP alone: Radha Mohan Singh

Image
While felicitating 71 farmers from Mathura, the former Union minister also said sugarcane-growers were paid Rs 1.43 lakh crore in Uttar Pradesh. from Agriculture-Economy-News-Economic Times https://ift.tt/2XCWW4D

Centre says wholesale edible oil prices showing declining trend

Image
According to Consumer Affairs Ministry, the wholesale price of palm oil fell 2.50 per cent to Rs 12,349 per tonne as on September 14 from Rs 12,666 per tonne a week ago. from Agriculture-Economy-News-Economic Times https://ift.tt/3zmKz9I

Amazon, Microsoft swoop in on India's $24 billion farming data trove

Image
With the project, Modi is seeking to usher in long-due reforms to make over a farm sector that employs almost half of the nation’s 1.3 billion people and contributes about a fifth of Asia’s third-biggest economy. from Agriculture-Economy-News-Economic Times https://ift.tt/3lwdeV9

Indian saffron's international prices skyrocket after Afghan supply hit by Taliban takeover

Image
Saffron is grown in four districts in Jammu and Kashmir– Pulwama, Budgam, Srinagar and Kishtwar. Among them, Pulwama district’s Pampore has earned the title of Kashmir’s “saffron town” for growing the best quality saffron. from Agriculture-Economy-News-Economic Times https://ift.tt/3nCKvjU

Farmers body FAIFA lauds Centre's promotion of digital technologies for agriculture

Image
FAIFA comprises farmers and farm workers of commercial crops across the states of Andhra Pradesh, Telangana, Karnataka, Gujarat . The farmers' body feels that the agriculture-friendly steps by the government will give added impetus to the pace of major farm sector reforms in the country and help in increasing farm income. from Agriculture-Economy-News-Economic Times https://ift.tt/2Z4fhbl

Demand for agricultural loans and storage facilities expected to go up in the ongoing kharif season

Image
“As the Covid-19 cases decline and the pace of vaccination gathers momentum, we are broadly expecting a two-fold increase in the disbursement of loans this season,” said Sandeep Sabharwal, group CEO of Sohan Lal Commodity Management Pvt Ltd (SLCM), a leading agriculture logistics and finance group. from Agriculture-Economy-News-Economic Times https://ift.tt/3CcRBzF

India extends window for import of pulses, soyameal till December

Image
The decision comes amid uncertainty about the size, quality and time of arrival of the standing kharif crop due to erratic weather. Also, trade houses were concerned about the shortage of containers and vessels, which has increased the sailing time of cargo. from Agriculture-Economy-News-Economic Times https://ift.tt/3zd1DPi

Maharashtra govt expects 5.6% increase in sugar production in 2021-22

Image
"The area planted under sugar cane for the 2021-22 sugar season has increased to 12.32 lakh hectare, while the per hectare production of sugarcane is expected to be 97 tonnes. We expect that 193 sugar mills will be operational next season, which will crush 1096 lakh tonne sugarcane," said a release issued by the government. from Agriculture-Economy-News-Economic Times https://ift.tt/3tJOa0r

Maharashtra: Over 7 lakh farmers call insurance firms to inform about crop damages due to excessive rain

Image
Representatives of crop insurance companies need to personally visit the farms and assess the damages, and based on their report, the farmers will get the insurance amount, officials said. from Agriculture-Economy-News-Economic Times https://ift.tt/3A6Mdxp

Agri transport and marketing plan extended to dairy, aid hiked

Image
The government on Friday extended the Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme to dairy products and increasing the rates of assistance under the scheme. from Agriculture-Economy-News-Economic Times https://ift.tt/3nsN3kR

Govt enhances scope of MTA scheme for agri exports

Image
Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs, the statement said. from Agriculture-Economy-News-Economic Times https://ift.tt/3hk1iUY

Soyabean cultivation area 6.5% less than government estimate

Image
The biggest difference in area estimation of the government and Sopa is in Rajasthan where the government estimate of 55.8 lakh hectare is higher by close to 4.77 lakh hectare. from Agriculture-Economy-News-Economic Times https://ift.tt/3DZVzO5

Onion prices likely to remain at higher trajectory this festive season: Crisil

Image
Maharashtra, Karnataka and Andhra Pradesh are major Kharif onion-producing states, contributing over 75 per cent of total Kharif production. Fluctuating monsoon is expected to pose challenges in transplanting the crop in Maharashtra, which accounts for 35 per cent of the total Kharif onion produced in the country, according to the report. from Agriculture-Economy-News-Economic Times https://ift.tt/3hhVqvq

Keeping close watch on cooking oil prices: Govt

Image
The Ministry of Consumer Affairs, Food and Public Distribution said that a close watch is kept on day-to-day basis on production, imports and prices of edible oils. Furthermore, appropriate measures are taken to keep a check on the prices of edible oil, it added. from Agriculture-Economy-News-Economic Times https://ift.tt/3l5vkNr

Excessive rainfall in September may impact kharif crop, increase prices

Image
Rains are now helping oilseed crops like soyabean and groundnut, pulses, paddy, bajra, maize and cotton, Agricultural experts said. But if the rains are excessive and continue till the end of September, then it will damage crops, sending their prices up. from Agriculture-Economy-News-Economic Times https://ift.tt/38SgOCZ

Excessive rainfall in September may damage kharif crops, say experts

Image
While the kharif season began on a good note with timely monsoon and good sowing, patchy rains in July and August in certain parts of the country slowed down the pace of sowing. from Agriculture-Economy-News-Economic Times https://ift.tt/3C8SFF1

Govt announces MSP of rabi crops, highest increase of Rs 400/quintal in prices of mustard and masur

Image
The new MSP of masur is Rs 5500/quintal. Mustard is one of the important rabi crops among the oilseeds produced in the country. Mustard oil prices are ruling at record high levels for a year now due to supply shortages. from Agriculture-Economy-News-Economic Times https://ift.tt/3nhmizx

Lowest vegetable prices in three years relief for consumers; farmers struggle to recover production cost

Image
Demand for vegetables is yet not fully recovered to pre-Covid levels, while exports are also low due to high air freight. However, with forecasts of above normal rainfall in September, prices may edge up towards the end of September if rains damage the standing crop. from Agriculture-Economy-News-Economic Times https://ift.tt/3yXe2XE

As masoor prices hit record high, India opens lentil imports from Russia for a period of 6 months

Image
Lentil prices in India are at record high levels, ruling at Rs 80/kg for whole lentil in wholesale trade and above Rs 100/kg for pulses sold in retail. from Agriculture-Economy-News-Economic Times https://ift.tt/3n7HsQv

Ahead of the rabi sowing season, systemic inventory of phosphatic fertilisers running low in India, says ICRA

Image
ICRA expects Government of India to alleviate the stress on the industry through increase in the subsidy rates under the NBS scheme over the course of one month to ensure adequate availability for the upcoming rabi season from Agriculture-Economy-News-Economic Times https://ift.tt/3l1XHw0

FCI, CWC working on modern crop storage: Piyush Goyal

Image
Cluster-based approach in agri produce marketing and exports will help bring cost of production down without affecting quality, the minister said. Rubber and niche products from different states have a huge potential, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/3l2xVYk

Govt procures record 890 lakh tonnes of paddy for Rs 1.68 lakh crore so far this marketing year

Image
In a statement, the food ministry said the Centre has purchased 889.62 lakh tonnes of paddy till September 5 in the ongoing 2020-21 Kharif Marketing Season (KMS). from Agriculture-Economy-News-Economic Times https://ift.tt/3DUMZQn

Sugar output may drop to 30.5 million tonne next season with more cane diversion to ethanol

Image
"Sugarcane crop by and large is good this year. We are expecting diversion of more cane for ethanol making and as a result sugar production will be slightly lower at 30.5 million tonne during 2021-22 season," Joint Secretary in the Food Ministry Subodh Kumar Singh said. from Agriculture-Economy-News-Economic Times https://ift.tt/3n834MW

Arunachal Pradesh comes up with scheme to boost agriculture and horticulture produce

Image
The schemes are part of the AtmaNirbhar program announced during the Budget session held in February this year. A total amount of Rs 120 crores – Rs 60 crore for each scheme - has been allocated to the two concerned departments of Agriculture and Horticulture. from Agriculture-Economy-News-Economic Times https://ift.tt/3gZzsgI

September likely to get above-normal rainfall: DS Pai, IMD

Image
Although less rainfall was received in August, regions that saw good rainfall up to July they were getting isolated rainfall everyday — though not of very large amounts. Therefore, I do not think there would be much impact on agriculture. from Agriculture-Economy-News-Economic Times https://ift.tt/3kN6Gkr

With $ 1 million grant from the Walmart Foundation, TCI launches FPO Hub, a database of Indian FPOs

Image
Farmers have formed FPOs since the early 2000s. Though interest promoting FPOs is high among philanthropic actors, corporations, and the government, there are still significant barriers to entry for many, including limited financing opportunities and the time required to become self-sufficient. In 2014, the Indian government began a renewed push to promote FPOs. from Agriculture-Economy-News-Economic Times https://ift.tt/3n68ZlF

TCI, Walmart Foundation launch hub for Farmer Producer Organizations

Image
A critical part of the Hub is TCI’s database for Indian FPOs, a new platform that brings together information on thousands of FPOs to facilitate research on small-farm aggregation models. TCI’s database is the only centralized source of data on Indian FPOs currently available. Through the interactive web-based dashboard, researchers can access a wealth of data on FPOs, such as crops produced, founding years, and sponsoring agencies. from Agriculture-Economy-News-Economic Times https://ift.tt/2WLAFBp

Big names in India’s palm oil industry are chalking out plans for expansion of palm oil plantation

Image
India’s palm oil industry is now gearing up to position palm oil as a healthy option for consumers. from Agriculture-Economy-News-Economic Times https://ift.tt/3gPFjVO