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Showing posts from November, 2021

Agri crops in 50.40 lakh hectare hit due to heavy rains & floods so far this year: Narendra Singh Tomar

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Narendra Singh Tomar said the Indian Council of Agricultural Research (ICAR) provides training to farmers on effective flood management in flood plains and flood-prone ecologies of India. from Agriculture-Economy-News-Economic Times https://ift.tt/3paObIR

Why Modi's roll back of three farm laws may not be enough to pacify protesting farmers

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India currently fixes the rates for two dozen farm commodities, including some grains and pulses, and procures limited volumes for its welfare programs at those levels. Private players buy agricultural goods at market-determined prices. from Agriculture-Economy-News-Economic Times https://ift.tt/3FOJUSf

Wheat sowing up 3.36% so far: Agriculture Ministry

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​​ As per the ministry data, wheat has been sown in 35.8 lakh hectare in Madhya Pradesh, 34.98 lakh hectare in Uttar Pradesh, 29.45 lakh hectare in Punjab, 13.78 lakh hectare in Haryana and 13.37 lakh hectare in Rajasthan so far in the ongoing season. These are major wheat growing states in the country. from Agriculture-Economy-News-Economic Times https://ift.tt/3xsgHJR

Tomato price rises to Rs 75 per kg in national capital

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In Chennai, retail tomato price declined to Rs 63 per kg on Friday from the peak of Rs 100 per kg on November 22. Similarly, in Thiruvananthapuram, the price dropped to Rs 80 per kg from Rs 103 per kg in the said period, the data maintained by the Consumer Affairs Ministry showed. from Agriculture-Economy-News-Economic Times https://ift.tt/3CYPCPs

Tomato prices to remain elevated for two more months: Crisil Research

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Wayward and excess rains have resulted in the ongoing spike in vegetable prices, and the cost of tomatoes will continue to be at elevated levels for two more months, Crisil Research said. Prices have risen 142 per cent as on November 25 and will remain elevated for two more months till harvest from Madhya Pradesh and Rajasthan starts reaching the markets from January, it said. from Agriculture-Economy-News-Economic Times https://ift.tt/3nTkJrz

Farmers should turn to ethanol production instead of growing conventional crops: Nitin Gadkari

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While speaking at the inauguration of Phoenix Eicher Institute of Driving Training and Research Nitin Gadkari said,"Farmers should also start giving energy now." from Agriculture-Economy-News-Economic Times https://ift.tt/3FNIRly

Tomato prices will continue to rise for next 45-50 days, says CRISIL Research

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States like Karnataka, Andhra Pradesh and Maharashtra are the key suppliers of tomato during the months of October-December. However, with excess rains in these regions (Karnataka-105% , Andhra Pradesh -40% and Maharashtra-22% higher, during the period 1st October-24th November) have damaged the standing crops and thereby reducing the supply. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZnKfMb

FSSAI seeks public comments on regulation of GM food

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Food safety regulator FSSAI has sought public comments on draft regulation on manufacture, storage, distribution, sale and import of any food or food ingredient derived from genetically modified organisms (GMOs). from Agriculture-Economy-News-Economic Times https://ift.tt/3p2miT9

In a first, 2.5 tonnes of 'Vazhakulam' pineapples sent to Delhi by rail under Kisan rail scheme

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Normally, pineapple is sent to north India, one of the largest markets of the tropical fruit, by trucks, which takes five days to reach Delhi. By rail, the consignment will reach in 50 hours and ensures fresh fruits to the consumer, the Association said in a release. from Agriculture-Economy-News-Economic Times https://ift.tt/3oY6ml8

Financing sustainable agriculture key to address climate change vulnerability: Report

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According to a report by CFA Institute in partnership with Climate Bonds Initiative, agriculture, which is the primary source of livelihood for about 58 per cent of India's population and contributes to global food security as one of the major producers of agro-commodities, is particularly vulnerable to climate change. from Agriculture-Economy-News-Economic Times https://ift.tt/3FAWOD2

The new petrol: Tomato now at Rs 100/kg in Delhi and Chennai as prices soar due to unseasonal rains

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from Agriculture-Economy-News-Economic Times https://ift.tt/3CM7iO6

Tea industry heading towards crisis: Planters' body, Tea Association of India

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Secretary General of TAI, P K Bhattacharya said around 28% of the crop is produced between October and mid-December. He said coupled with the price decline, wages have also risen - 201% in West Bengal from 2011-2021 and 186 per cent in Assam during the same period. from Agriculture-Economy-News-Economic Times https://ift.tt/3xgg9GT

Farm laws rollback leaves edible oil industry in the lurch

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The government’s decision to repeal the three farm laws has left a question mark on the National Mission on Oilseeds for which the edible oil industry has been clamouring for long. from Agriculture-Economy-News-Economic Times https://ift.tt/3FJBT0X

Repealing farm laws may slow down labour reforms further

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There are concerns that backtracking on farm laws can embolden the opposition to reforms or strengthen demand for populist giveaways. from Agriculture-Economy-News-Economic Times https://ift.tt/3cCgYQK

Commerce minister Piyush Goyal asks tea industry to submit a proposal about all issues of the industry

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The Union Minister thoroughly discussed the issues with the participants and assured appropriate measures. from Agriculture-Economy-News-Economic Times https://ift.tt/3HzN3XE

Farm law rollback: Move may hit sourcing and expansion plans of food processing companies

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The Indian processed foods market is estimated at over ₹2.6 lakh crore, and large companies were drawing up fresh plans to benefit from sourcing directly from farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/3FxbW4p

Future of agriculture depends on the impact on production, procurement and prices: farm scientist M S Swaminathan

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The National Commission on Farmers has recommended a 50 % margin over C2, which is also the demand of the farmers. "The future of agriculture depends on the impact we can make on production, procurement and prices. These should be attended to concurrently", he said in a press release. from Agriculture-Economy-News-Economic Times https://ift.tt/3oQh654

Committee on zero budget farming, MSP: Agri Minister Tomar

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Prime Minister Narendra Modi addressed the nation at on November 19 to announce that the new farm laws enacted in 2019 will be repealed in the upcoming winter session of Parliament. from Agriculture-Economy-News-Economic Times https://ift.tt/3DCBnkz

Magnanimous on part of PM to withdraw 3 farm laws; agri sector needs reform: Edible oil industry

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Prime Minister Narendra Modi announced that the government has decided to repeal the three farm laws, which were at the centre of protests by farmers for the past year, and appealed to the protesting farmers to return home. from Agriculture-Economy-News-Economic Times https://ift.tt/3FtBvDn

Maharashtra government files case against Reliance General Insurance

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The state government had earlier informed the Centre that non-payment of claims by the company to many farmers could result in a "law-and-order situation" in the state as five other insurers had paid about 90% of the claims for the 2021 kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/3Cw29cU

Don't push govt to intervene on cotton bale pricing issue: Piyush Goyal

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Goyal insisted that pricing issue of cotton bales and yarn for the industry should not be allowed in any way to impact the better prices that farmers are getting. He said the idea of short-term supernormal profits by a section of players in textile value chain is not sustainable. from Agriculture-Economy-News-Economic Times https://ift.tt/3FvTOb6

Soybean farmers and poultry industry at loggerheads over extension of soymeal import window

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After the soyabean prices touched the historic high of Rs 100/kg against the minimum support price of Rs 39/kg, the central government for the first time ever, allowed import of genetically modified soyameal, the main feed of poultry and also cattle and fish. from Agriculture-Economy-News-Economic Times https://ift.tt/3kLhWOY

Sugar output up 24% at 21 lakh ton till Nov 15 this season; export contract at 25 lakh ton

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Several sugar mills in the south and west, started their operations earlier this season, because of which the sugar production is higher. from Agriculture-Economy-News-Economic Times https://ift.tt/3CnDesc

Reliance General Insurance's refusal to pay crop claims can become a law & order issue, Maharashtra tells Centre

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RGICL, which covers 10 districts of Maharashtra under the Pradhan Mantri Fasal Bima Yojana (PMFBY), in its correspondence with the state commissioner (agriculture), had said it “has constraints towards disbursements of kharif 2021 claims before settlement of kharif 2020 and rabi 2020 claims”. from Agriculture-Economy-News-Economic Times https://ift.tt/32au31O

WTO may propose new agriculture package

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The revised text will be presented by chair of agriculture negotiations, Costa Rica's Gloria Abraham Peralta, later this week. The previous text was introduced in July. from Agriculture-Economy-News-Economic Times https://ift.tt/3DrBz65

Sugarcane arrears in UP down to Rs 3,895 crore in 2020-21 from Rs 10,667 crore in 2017: Govt

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Food and Consumer Affairs Minister Piyush Goyal stressed the need to increase productivity and production of sugarcane to boost farmers' income. from Agriculture-Economy-News-Economic Times https://ift.tt/3nnRlcN

Focus on quality tea likely to provide support for tea producers amid sharp wage hikes: Report

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Apart from declining prices, cost of production for bulk tea producers out of North India has increased substantially in the current year due to a sharp rise in wage rates and increasing energy costs. from Agriculture-Economy-News-Economic Times https://ift.tt/3CgDdWJ

Gujarat's Dang to be declared 100 per cent organic farming district: Minister

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Dang Collector B K Pandya said that out of nearly 58,000 hectares under cultivation in the district, at least 70 per cent to 80 per cent land was already covered under traditional farming practices that don't require chemical fertilisers and pesticides. from Agriculture-Economy-News-Economic Times https://ift.tt/30seSkb

Moderation likely in financial performance of Assam, West Bengal tea industry: ICRA

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Tea prices in the current year have declined after June as production has witnessed some recovery from the lows of last year, leading to an ease in the tightness in the supply-demand scenario, which had supported prices in CY2020. from Agriculture-Economy-News-Economic Times https://ift.tt/2YQDwtT

Coffee growers cite losses due to rains, seek rescheduling of bank loans

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They also urged the Centre to direct banks not to invoke the provisions of the Sarfaesi Act and auction the pledged plantations to recover their dues. The growers, Appadurai and Savur said, fear the crop production this year will be down 30% because of rains in January and February which led to an early blossom. from Agriculture-Economy-News-Economic Times https://ift.tt/30jb3x7

Tea production in India up during January- September period

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Bansal said that the total global black tea output has increased by 94.45 Mkgs during January -September period as compared to 2020. He said that the projected export of teas from India for 2021 is 200 million kg as compared to 209 Mkgs in 2020 and 252 million kg in 2019. from Agriculture-Economy-News-Economic Times https://ift.tt/3FdG2cX

Agritech start-up Arya.ag introduces buy now pay later facility

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In the $370 billion markets of non-perishable agriculture, this is a one-of-a-kind service. Trade financing already happens in the agribusiness in a secured manner; however, this is a first for unsecured finance. from Agriculture-Economy-News-Economic Times https://ift.tt/3wP3URz

Cabinet approves increase in ethanol price, cotton support

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The Cabinet Committee on Economic Affairs (CCEA) also raised prices of sugarcane-based ethanol by up to ₹1.47 per litre for blending with petrol for the supply year 2021-22. from Agriculture-Economy-News-Economic Times https://ift.tt/3olUg4X

Cabinet okays Rs 17,409 crore to CCI for cotton procurement in 7 seasons to 2020-21

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New Delhi, The government on Wednesday approved a Rs 17,408.85 crore 'committed price support' to the Cotton Corporation of India (CCI) for seven cotton seasons from 2014-15 to 2020-21. The decision was taken at the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi. from Agriculture-Economy-News-Economic Times https://ift.tt/3n12wro

Not signed up to COP26 Action Agenda on Sustainable Agriculture, says India

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The spokesperson noted that the NMSA was approved for three major components - Rainfed Area Development (RAD); On Farm Water Management (OFWM); and Soil Health Management (SHM). from Agriculture-Economy-News-Economic Times https://ift.tt/3qnlJFN

Govt buys over 209 lakh ton paddy so far this Kharif marketing season for Rs 41,066 cr

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In a statement, the Food Ministry said 209.52 lakh tonne of paddy has been purchased till November 8 of the ongoing Kharif marketing season. Paddy has been procured from Chandigarh, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh, Uttrakhand, Telangana, Rajasthan, Kerala, Tamil Nadu and Bihar, it said. from Agriculture-Economy-News-Economic Times https://ift.tt/3CZmqZJ

Bullish sentiments in sugar avert agitation over cane price in Maharashtra

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Sugar millers and the state government, which has several sugar barons from the Congress and the NCP as ministers, had proposed legal amendments to enable breaking up of the fair and remunerative price (FRP) payment in instalments, instead of paying it as a lump sum amount within 14 days of cane delivery as mandated by the law. from Agriculture-Economy-News-Economic Times https://ift.tt/3H3JTLs

India's fisheries sops proposals diluted in new WTO draft text

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The latest draft made India's proposals - to curb such sops for distant water fishing and extending the carveouts to developing countries - negotiable, but included the issue of usage of forced labour in fishing, proposed by the US. from Agriculture-Economy-News-Economic Times https://ift.tt/3EVWuia

Centre holds consultations with 32 states/UTs on new central scheme to digitalise PACs

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The official said the consultation with states/ UTs was to get a sense of the required budget for the proposed scheme that is likely to be implemented initially in fully functional 63,000 PACs across the country for a period of three years from 2022. from Agriculture-Economy-News-Economic Times https://ift.tt/3bSF1us

India signs up to COP26 action agenda on sustainable agriculture

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The 'Sustainable Agriculture Policy Action Agenda for the Transition to Sustainable Agriculture and Global Action Agenda for Innovation in Agriculture' was among the highlight action pledges to be clinched by the participating countries at the 26th Conference of Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC) on Saturday. from Agriculture-Economy-News-Economic Times https://ift.tt/3bPN8Ic

'Kumkum Bhindi': UP's new wonder crop

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The ideal time for sowing Kumkum Bhindi starts from February to the second week of April. It can also be sown somewhere around November, the growth will be less in December-January, but fruits will start coming from February, which will be available till November. The prices of early crops are also good. from Agriculture-Economy-News-Economic Times https://ift.tt/3bQmw9O

Need to increase income of marginal, small farmers: Venkaiah Naidu

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"Indian agriculture is characterised by marginal and small farmers with fewer resources. There is a need for increasing the farmers' income through various sources, including improved resource use efficiency," Naidu said. from Agriculture-Economy-News-Economic Times https://ift.tt/2YoWYxF

On track to report Rs 1,000 cr revenue, says WayCool Foods CEO

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Regarding the impact of Covid-19 pandemic, WayCool Foods and Products Pvt Ltd., CEO asserted that the company faced logistics issues initially as there was neither a shortage of supply nor demand since the company was in the basic commodity sector. from Agriculture-Economy-News-Economic Times https://ift.tt/3mPPD3o

Uncertainty about extension of stock limit on pulses prevails

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Some of the major price control policy measures taken by the central government, such as ban on trading of chana on the NCDEX, opening of import and the imposition of stock limit have a bearing on prices of pulses. Stock limit was imposed on tur, chana, urad and masur till October 31. from Agriculture-Economy-News-Economic Times https://ift.tt/3wdAUCn

Efforts to ease onion prices bearing results, says government

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Onion prices had started rising from the first week of October, 2021, due to rains that disrupted the supply chain. “In order to cool down prices, the Department of Consumer Affairs has taken up calibrated and targeted release of onions from the buffer on First-in-First-Out (FIFO) principle, guided by the twin objectives of moderating prices and ensuring minimal storage loss,” said the Department of Consumer Affairs in a release. from Agriculture-Economy-News-Economic Times https://ift.tt/3k4kOq6