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Showing posts from January, 2022

Agriculture credit outflow exceeds target, touches Rs 15,75,398 crore: Economic Survey

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Till September 30, 2021 a sum of Rs 7,36,589.05 crore has been disbursed, the survey said. The government also announced Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards (KCCs) and banks have issued KCC to 2.70 crore eligible farmers as on January 17, 2022. from Agriculture-Economy-News-Economic Times https://ift.tt/sYTdMVCgw

Incentivise tomato, onion production during lean season to contain price rise: Survey

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According to the Survey, "Seasonality in prices resulting from seasonal production patterns require policy attention. Strategies to incentivise production during the lean season should be designed". from Agriculture-Economy-News-Economic Times https://ift.tt/plYi9yqVG

ISMA revises upward sugar output at 314.5 lakh tonnes in 2021-22; export up at 16 lakh ton in Oct-Dec

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"This is after considering an estimated diversion of sugar equivalent of 34 lakh tonnes for production of ethanol by means of diversion of sugarcane juice /syrup or B-heavy molasses," the association said in a statement on Monday. from Agriculture-Economy-News-Economic Times https://ift.tt/6PEBdrYwS

Economic Survey states farm credit worth over Rs 7.36 lakh crore disbursed in H1 of FY'22

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The government has also announced Rs 2 lakh crore concessional credit boost to 2.5 crore farmers through Kisan Credit Cards (KCCs). In pursuance of this, the Survey said that banks have issued KCCs to 2.70 crore eligible farmers as on January 17, this year. Apart from this, a total of 67,581 KCCs have been issued to fishers and fish farmers by December 17, 2021 and over 14 lakh fresh KCCs were sanctioned for animal husbandry and dairying farmers by December 10, 2021, the survey noted. from Agriculture-Economy-News-Economic Times https://ift.tt/mWTZPzf9O

Centre needs to prioritise crop diversification, allied sectors, promote alternative fertilisers: Economic Survey

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Stating that the allied agri-sectors are steadily emerging to be high growth segments, the Survey said, "Increasing importance of allied sectors including animal husbandry, dairying and fisheries in growth and income of the farmers indicates that focus needs to shift more towards harnessing the potential of allied activities." from Agriculture-Economy-News-Economic Times https://ift.tt/SzYsaLiJ1

Farm production rose, agricultural exports touched record Rs 3 lakh cr in 2020-21 crop year: President Kovind

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On the first day of the budget session of the Parliament, the President addressed the joint sitting and said, "To improve agriculture infrastructure, approximately Rs 1 lakh crore have been sanctioned for 1,000 schemes to boost the Agri sector in India." from Agriculture-Economy-News-Economic Times https://ift.tt/WbpweKXvH

eFeed start-up plans to establish nutrition advisory centres across north-eastern districts

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Established industry players and start-ups are investing near the northeast border with Uttar Pradesh in setting up feed plants which can fulfil demand from both UP & Northeast. from Agriculture-Economy-News-Economic Times https://bit.ly/3raFYXr

AISTA pegs India's 2021-22 sugar production at 31.9 million tonnes

Trade body All India Sugar Traders Association (AISTA) has pegged India's 2021-22 sugar production at 31.9 million tonnes, up by 2.9% over the previous year's sugar production of 31 million tonnes. from Agriculture-Economy-News-Economic Times https://ift.tt/3AyRm2t

India's 2021-22 sugar production to rise 2.90 pc to 31.9 mn tons

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Sugar production in India, the world's second largest producing nation after Brazil, is estimated to increase by 2.90 per cent to 31.9 million tonnes in the ongoing 2021-22 marketing year, according to the first estimate released by the trade body AISTA from Agriculture-Economy-News-Economic Times https://ift.tt/3ICgU1e

Tea industry urges govt to come up with schemes to help increase tea exports from India

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Exports of Indian tea have dwindled by 9 per cent in the first ten months of 2021 compared to the same period of the previous year and it is unlikely to cross 200 million kg in 2021. from Agriculture-Economy-News-Economic Times https://ift.tt/3u3sCy0

Budget 2022: Agri-tech and aquaculture sectors seek incentives for R&D

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The aquaculture industry feels that to achieve the Pradhan Mantri Matsya Sampada Yojana (PMMSY) targets, the need of the hour is to drive the inclusion of formal finance and insurance in aquaculture. from Agriculture-Economy-News-Economic Times https://ift.tt/3rNLDSj

Unseasonal rains and hail affect rabi crops in North India

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For mustard and gram crops, especially in Rajasthan, hailstorms this month has been detrimental specially in districts like Bharatpur, Dholpur and Kota due to which there has been significant damage to the standing crop, said Hetal Gandhi, director, Crisil Research. from Agriculture-Economy-News-Economic Times https://ift.tt/3FVwyTU

Indian fisheries sectors should deploy more scientific methods of production: Parshottam Rupala

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Realising the sector’s potential, the Government has committed to a national target to increase fish production to 22 million metric tons by 2024-2025, which will have a positive impact on 28 million fishers and fish farmers and almost twice that number along fish-related value chains, the minister said at an event. from Agriculture-Economy-News-Economic Times https://ift.tt/3GOe0WT

Agrigator expects to register GMV of Rs 400 crore in FY23

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The company provides full stack solutions in the agri supply chain - from a digital freight platform connecting grain shippers with independent truck carriers and online trading to a marketplace that helps buyers and sellers trade while ensuring quality sourcing, access to on spot logistics and banks for finance for smooth transaction. from Agriculture-Economy-News-Economic Times https://ift.tt/3nNTb6n

US lawmakers seek litigation at WTO against India on wheat subsidy

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A group of 28 members of the US Congress, in a letter, said, "American commodity producers are operating at a clear disadvantage to their competitors, primarily from India, where the government is subsidizing more than half of the value of production for rice and wheat, instead of the 10 per cent allowable under World Trade Organization (WTO) rules." from Agriculture-Economy-News-Economic Times https://ift.tt/3qNG07B

Farm exports expected to touch record $50 billion

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Export of rice is likely to touch $9.5 billion in value terms, accounting for about half of the global rice export market, the officials said, adding that non-Basmati rice shipments are likely to clock $5.8 billion. from Agriculture-Economy-News-Economic Times https://ift.tt/3GRVlcS

Agri exports likely to cross $50 bn this fiscal: Commerce Ministry

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The ministry has taken several steps during the ongoing COVID-19 pandemic to push the exports. These measures include an extension of validity of various certifications/ accreditations beyond their dates of expiry; setting up of control rooms to resolve problems; issuance of online certificates for exports; and facilitating opening up of more testing laboratories. from Agriculture-Economy-News-Economic Times https://ift.tt/3Ag6BNo

Sops in Budget 2022 for agri value addition on cards

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The broad thrust of the strategy is to encourage backward linkages to the farm, officials said. The details are expected to be announced in the February 1 budget. from Agriculture-Economy-News-Economic Times https://ift.tt/3A9HYC5

India needs Green Revolution 2.0 to make agri more climate-resistant, sustainable: RBI

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Wider use of digital technology and extension services will be helpful in information sharing and generating awareness among the farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/33rwZb9

Government plans $19 billion fertilizer subsidy in Union Budget FY23

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The finance ministry has penciled in Rs 1.4 lakh crore ($18.8 billion) as fertilizer subsidy in the budget due February 1, up from Rs 1.3 lakh crore in the year ending March 31, due to higher raw material costs, the people said, asking not to be identified as the information is not public. Discussions are still going on and a final decision is yet to be taken. from Agriculture-Economy-News-Economic Times https://ift.tt/3rIBCpJ

MP agri varsity develops new varieties of oats, wheat, rice

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The Jawaharlal Nehru Krishi Vishwavidyalaya (JNKVV) has developed two varieties each of oats and wheat, one type of rice and three varieties of niger, which have been notified by the Centre as being suitable for production, the university's vice-chancellor Dr P K Bisen said. from Agriculture-Economy-News-Economic Times https://ift.tt/3qsB33Q

Assam government to set up Agricultural Commission

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Chief Minister Himanta Biswa Sarma laid foundation stone of College of Agroforestry & Biodiversity and Bengal Florican Conservation, Research & Ecotourism Site at Naba Dihira in Baksa district. He also inaugurated 107 numbers of Anganwadi Centres constructed from MGNREGA fund 2021-22 at the programme. from Agriculture-Economy-News-Economic Times https://ift.tt/3rakV66

Farm reforms: Myths and realities

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The three Central laws were meant to enlarge the freedoms of farmers and give them more choice. It not only paved the way for selling farm produce outside the APMC mandi system, but also promised freedom from arbitrary stocking limits and gave option for farmers to deal directly with buyers. Though repealed, the essence of such reform is still valid. from Agriculture-Economy-News-Economic Times https://ift.tt/3tkRBg6

India appeals WTO panel ruling on sugar subsidies

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"India has notified the Dispute Settlement Body of its decision to appeal the panel reports in the cases brought by Brazil, Australia and Guatemala in 'India - Measures Concerning Sugar and Sugarcane," the WTO said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3fcL2Uo

Govt secures USDA approval for export of Indian mangoes to America

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On November 23, 2021, the Department of Agriculture and Farmers Welfare and the USDA signed a framework agreement for implementing the "2 Vs 2" agri-market access issues. from Agriculture-Economy-News-Economic Times https://ift.tt/3tbT9ZE

As demand goes up, fresh fruit importers increase warehousing and cold storage facilities

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Talking to ET, Tarun Arora, director of finance and operations at IG International, a leading fresh fruit importer, said, " In the globalized economy, warehousing and logistics are crucial aspects and play a strategic role in business growth." from Agriculture-Economy-News-Economic Times https://ift.tt/3rdbtPA

Assam government initiates step to procure 10 lakh MT paddy at Minimum Support Price from farmers

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Chief Minister Himanta Biswa Sarma directed to step up measures for procurement of paddy in the state by agencies including FCI, AFCSCL, NAFED, NACOF, NCCF and ASAMB in a meeting held with officials of FCS&CA, Agriculture and Revenue Department as well as representatives of the procurement agencies. from Agriculture-Economy-News-Economic Times https://ift.tt/33bL7oz

Wheat sowing down marginally at 333.97 lakh hectares so far this rabi season: Agriculture Ministry

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Coverage of wheat was lower in Gujarat, Karnataka, West Bengal, Punjab, Jammu and Kashmir, Jharkhand and Uttarakhand as well in the said period. However higher area under wheat was reported from Rajasthan (1.96 lakh hectares), Bihar (0.68 lakh hectares), Chhattisgarh (0.09 lakh hectares and Assam (0.01 lakh hectares) in the same period, the data showed. Much of the wheat sowing has been completed so far. from Agriculture-Economy-News-Economic Times https://ift.tt/3F32QvQ

View: Agricultural reforms needed for India

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Unlike the situation of India in 1960s, India is self-sufficient in terms of foods availability and productivity, so a Green Revolution 2.0 shall not only focus on eliminating underemployment, but also aim to work for better economic results. from Agriculture-Economy-News-Economic Times https://ift.tt/3pYaQtC

Darjeeling tea output sinks to record low in 2021

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Production of Darjeeling tea, one of the most popular tea varieties globally, has shrunk to 6.5 million kg in 2021, the lowest on record and just half of the 13 million kg produced two decades ago. from Agriculture-Economy-News-Economic Times https://ift.tt/3JOTZS7

India still waiting for global sugar prices to rise to strike export deals: ISMA

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"Since almost nine months are left for the current season, mills are still waiting for the opportune time to enter into further export contracts," Indian Sugar Mills Association (ISMA) added. During October-November period of the ongoing 2021-22 season, sugar mills exported over 6.5 lakh tonne of sugar, higher than 3 lakh tonne in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/32Kzwgr

October-December sugar output up 4.75% at 115.70 lakh tonne: NFCSFL

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According to NFCSFL, production in Uttar Pradesh, the country's leading sugar producing state, remained lower at 30.90 lakh tonne during October-December of the 2021-22 season, as against 33.65 lakh tonne in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/3eNcgRc