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Showing posts from April, 2022

Jeera price surges 72% year-on-year to record high

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The main reason for the low yield and low acreage under cultivation is that during the cumin sowing period (October-December 2021) farmers shifted to gram and mustard whose prices were higher than that of cumin. from Agriculture-Economy-News-Economic Times https://ift.tt/uQTXwyx

Heat wave scorches India's wheat crop, snags export plans

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​​ On Tuesday, Rajgarh, a city of over 1.5 million people in central India, was the country's hottest, with daytime temperatures peaking at 46.5 degrees Celsius (114.08 Fahrenheit). Temperatures breached the 45 C (113 F) mark in nine other cities. from Agriculture-Economy-News-Economic Times https://ift.tt/IiJDO0P

India's wheat export boom brings a bonanza to farmers, and budget relief

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Before the nearly 50% surge in global wheat prices, India struggled to export the grain due to annual increases in the MSP to placate the politically powerful farm lobby that made Indian wheat more expensive than world prices. from Agriculture-Economy-News-Economic Times https://ift.tt/k9whM7Q

RBI extends cash credit limit for wheat procurement from Punjab

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With this, the sanctioned limit of Rs 24,773.11 crore for April-end has been enhanced to Rs 28,151.26 crore up to May-end, according to an official spokesperson of the state government. from Agriculture-Economy-News-Economic Times https://ift.tt/0en97bY

Govt approves Rs 60,939 crore subsidy for P&K fertilisers for April-September

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The Union Cabinet has approved nutrient-based subsidy (NBS) rates for Phosphatic and Potassic fertilisers for the Kharif season (from April 1, 2022, to September 30, 2022). from Agriculture-Economy-News-Economic Times https://ift.tt/vumgO5U

4 lakh hectare under natural farming now; Niti Aayog to prepare roadmap to scale up: Minister

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Minister Tomar, while addressing a national workshop on innovative agriculture here, said the need of the hour is to do farming that works in harmony with nature, reduces the cost of production, ensures good-quality produce and profits to farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/Yt9M8qm

Non-basmati rice exports grow by 109% since 2013-14

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Apart from parboiled variety, broken rice, rice in husk, husked brown rice and milled rice were also exported, according to Agricultural and Processed Food Products Export Development Authority (APEDA). from Agriculture-Economy-News-Economic Times https://ift.tt/ZdVomAx

Natural farming need of the hour, says NITI Aayog CEO Amitabh Kant

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Natural Farming is a chemical-free farming method. It is considered as an agroecology-based diversified farming system which integrates crops, trees and livestock with functional biodiversity. from Agriculture-Economy-News-Economic Times https://ift.tt/lhLjcY2

Agriculture Ministry to organise campaign next week to highlight achievements in farm sector

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More than 1 crore farmers and stakeholders are expected to participate in the campaign through direct (offline) and virtual (online) medium across the country. from Agriculture-Economy-News-Economic Times https://ift.tt/IHEbj27

APEDA signs MoU with NRDC to strengthen the export value chain.

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Both the organisations will cooperate in collaborative projects for the commercialisation of embedded technology related to agri and food processing at various levels of the value chain for boosting the export of agri products. from Agriculture-Economy-News-Economic Times https://ift.tt/FAPNEdn

Why is wheat procurement down 27%?

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FCI procured 27% less in the first 20 days of wheat procurement season compared with the same period last year, even as private players have stepped-up their procurement leading to fear of increased prices of the foodgrain in coming months. from Agriculture-Economy-News-Economic Times https://ift.tt/kh9gvCE

Fertiliser subsidy set to touch record Rs 1.65 lakh cr in FY23: Report

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According to the report, in the past two fiscals, the government has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy. from Agriculture-Economy-News-Economic Times https://ift.tt/MZ9FSqu

Agriculture absorbed additional 11 m workers over last 3 years: CMIE

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Driven by good performance compared to other sectors during the pandemic, agriculture has absorbed an additional 11 million workers over the last three years while the rest of the economy lost 15 million jobs, the Centre for Monitoring Indian Economy said. from Agriculture-Economy-News-Economic Times https://ift.tt/FibyH8B

Government's wheat procurement may fall by half this season

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The government is, however, confident of meeting the target set at last year’s level of 44.4 million tonne and does not see a small shortfall impacting domestic needs. Actual procurement may only be 25 million tonnes in the 2022-23 season and the government may have to provide more rice under the various welfare schemes, says private wheat traders and buyers. from Agriculture-Economy-News-Economic Times https://ift.tt/Ab5mS0z

Palm oil demand seen jumping as discount over rivals widens

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Crude palm oil (CPO) was being offered in India at about $1,765 a tonne, including cost, insurance and freight (CIF), for May shipments, compared with $1,930 for crude soybean oil. Crude sunflower oil was offered at around $2,100, dealers said. In early April, the discount for crude palm oil was $40 per tonne. from Agriculture-Economy-News-Economic Times https://ift.tt/oO8wNBb

To fast track agri-drone adoption, Centre approves 477 pesticides for drone usage

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These 477 registered pesticides include insecticides, fungicides, and plant growth regulators (PGRs), for commercial use through drones for two years. from Agriculture-Economy-News-Economic Times https://ift.tt/1ne6cRw

India's sugar output seen 13 pc up at 35 mn tons, exports at 9.5 mn tons in 2021-22: Govt

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The assessment of the sugar availability and export situation was discussed in a virtual meeting chaired by Food Secretary Sudhansu Pandey with the state cane commissioners here on Tuesday, the ministry added. from Agriculture-Economy-News-Economic Times https://ift.tt/J8DtQWv

Government sets foodgrain output target at record 328 million tonnes for 2022-23 crop year

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Barring soyabean, Singh said there was surplus seed availability to meet the requirement of the upcoming kharif season. Even fertiliser availability is sufficient to meet the requirement of the season. from Agriculture-Economy-News-Economic Times https://ift.tt/O5bzxIo

Won't be any fertiliser shortage in kharif season; will fix soon P&K subsidy for FY23: Govt

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As against the total estimated fertiliser requirement of 354.34 lakh tonne during the 2022 kharif season, availability would be 485.59 lakh tonne, including 104.72 lakh tonne of imported fertiliser and 254.79 lakh tonne domestically manufactured soil nutrients, Fertiliser Secretary RK Chaturvedi said. from Agriculture-Economy-News-Economic Times https://ift.tt/NOeDTb8

Farmers getting better prices for their crops after several years: Siraj Hussain, Former Agri Secy

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from Agriculture-Economy-News-Economic Times https://ift.tt/a5UQsVT

Domestic wheat prices up by 5-7% on fears of fall in production due to heat damage

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The Indian government has set a target of exporting 10 million tonnes of wheat in 2022-23, of which 1 million tonnes will be exported to Egypt. The world is expecting India to fill up the gap in global wheat supply created by the ongoing Ukraine Russia war, while the Indian government is trying to make the most of the opportunity to emerge as a global wheat Super Power. from Agriculture-Economy-News-Economic Times https://ift.tt/6jaftxp

Govt procures 69.24 lakh tonnes wheat so far for nearly Rs 14,000 crore

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"Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, Gujarat and Rajasthan," an official statement said. from Agriculture-Economy-News-Economic Times https://ift.tt/ATRMzbE

India summer pulses sowing up 37.19% as on April 18, 2022

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For pulses “about 12.21 lakh ha area coverage has been reported compared to 8.90 lakh ha during the corresponding period of last year,” the ministry of Agriculture and Farmers’ Welfare said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/bq2siFQ

Sugar exports may jump to 90 lakh tonnes in 2021-22: ISMA

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Sugar exports are estimated to increase to over 90 lakh tonnes in the current marketing year ending September, from 71-72 lakh tonnes in the previous year, on better demand for the Indian sweetener from Bangladesh and Indonesia, according to industry body ISMA. The sugar marketing year runs from October to September. from Agriculture-Economy-News-Economic Times https://ift.tt/SrAp5JL

Draft tea bill proposes to remove licenses, archaic provisions

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"The purpose of the new bill is to remove the archaic/redundant provisions which have lost their relevance and make it industry friendly, doing away with licences and act as a facilitator," the official said. from Agriculture-Economy-News-Economic Times https://ift.tt/d2hkzgP

100-150 lakh tonne wheat exports likely this year, India to export wheat to Egypt: Piyush Goyal

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ET had last month reported that the commerce and industry ministry is exploring new potential markets for Indian wheat in Egypt, Turkey and Italy as the Russia-Ukraine conflict has impacted its shipments globally. from Agriculture-Economy-News-Economic Times https://ift.tt/WvQihMs

Wheat purchase reaches record 17 lakh tn in Punjab this season so far

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"The total purchase of wheat touched 17 lakh MT on April 13 which was the highest purchase on this date in the last 15 years," said an official spokesperson. from Agriculture-Economy-News-Economic Times https://ift.tt/aTgF43I

Indian rice rates ease, soaring inflation feeds into Vietnam prices

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Top exporter India's 5% broken parboiled variety was quoted at $364 to $368 per tonne, down from last week's $365-$369, on a weak rupee and higher supplies after the extension of the government's plan of providing free food grains to poor people. from Agriculture-Economy-News-Economic Times https://ift.tt/TYOJ94z

IG International enters joint venture with Engin Tarim for apple cultivation

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Engin Tarim, the Turkish apple producer, has a production capability of 55,000 tonnes of first-rate apples and a depot that can stock 17,800 tonnes of apples. from Agriculture-Economy-News-Economic Times https://ift.tt/j6PIcW1

Centre follows uniform procurement policy; cannot take surplus parboiled rice: Food Secretary

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Union Food Secretary Sudhanshu Pandey clarified the Centre's position on the procurement of parboiled rice after Telangana Chief Minister K Chandrashekar Roa staged a protest in the National Capital and threatened that he would intensify the stir if the state's demand on the purchase of parboiled rice is not met within 24 hours. from Agriculture-Economy-News-Economic Times https://ift.tt/y17wP4J

Organic food export can transform Indian economy; Dairy can play major role in it: Amit Shah

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"At present organic farming is taken up in an area of 38.09 lakh hectares in the country including 6.19 lakh hectares under Paramparagat Krishi Vikas Yojana (PKVY), 1.23 lakh hectares under Namami Gange Programme, 4.09 lakh hectares under BPKP (Natural Farming), and 26.57 lakh hectares under National Program for Organic Production (NPOP)," according to Ministry of Agriculture and Farmers Welfare. from Agriculture-Economy-News-Economic Times https://ift.tt/gYqt4Km

Agri reforms important; repeal of 3 farm laws a setback for doubling farmers' income: Niti member Ramesh Chand

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"You see, reforms are important for the agriculture sector. Some farmers were opposing it (three farm laws)...I think immediately what needs to be done is restarting fresh consultations with the states," the Niti Aayog member, who oversees farm policies at the government think tank, told PTI in an interview. from Agriculture-Economy-News-Economic Times https://ift.tt/g5cDo2n

Indian Agricultural officers from seven states on Israel tour to learn new approaches and techniques

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The 18 agricultural officers from Indo-Israel Centers of Excellence (CoE) are taking part in an extensive state course, "Managing Centres of Excellence: Developing value for farmers", organised by Mashav Agricultural Training Centre (MATC) in Israel under the Indo-Israel Agricultural Project (IIAP), a press release said. from Agriculture-Economy-News-Economic Times https://ift.tt/jNJUePv

Maharashtra sugar production at an all-time high this year

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The sugarcane crushing season in Maharashtra generally lasts for 120 to 140 days, and maximum 145 days. This year, around 20 sugar factories in the state will run for 160 days due to the high sugarcane production, he said. "Around 90 lakh tonnes of sugarcane, including 60 lakh tonnes in Marathwada, is yet to be crushed. We expect that the sugarcane in Marathwada will be crushed by May 31 this year," the official said. from Agriculture-Economy-News-Economic Times https://ift.tt/Xb0EH1B

Trade body CAI cuts India’s 2021-22 cotton production estimate by 2.33%

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“The total cotton supply for the months of October 2021 to March 2022 is estimated by the CAI at 343.68 lakh bales, which consists of the arrivals of 262.68 lakh bales, imports of 6 lakh bales and the opening stock estimated by the CAI at 75 lakh bales at the beginning of the season,” said CAI in a release. from Agriculture-Economy-News-Economic Times https://ift.tt/0vWNd7X

India's wheat exports hit record 7.85 million tonnes in 2021-22: Traders

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Earlier this month, a top government official said India would export a record 7 million tonnes of wheat in the 2021-22 fiscal year as a rally in global prices gave the world's second biggest producer of the grain an opportunity to gain market share. from Agriculture-Economy-News-Economic Times https://ift.tt/fSzAn4X

Changes suggested in MP’s MSP programme to promote pulses

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“Central and state governments need to revisit the MSP procurement policy in existence in the present form. More incentives need to be given to farmers for growing pulses, oilseeds and other high-value crops to promote diversification and encourage farmers to shift away from water-intensive crops such as paddy and wheat to other sustainable and profitable crops in which MP has a competitive advantage,” the report recommended. from Agriculture-Economy-News-Economic Times https://ift.tt/bGiHA2B

Sugar export may touch 85 lakh tonne this year: ISMA

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Sugar marketing year runs from October to September. Crushing operation is still on as 366 mills were operating till March-end, while 152 mills had stopped the crushing. from Agriculture-Economy-News-Economic Times https://ift.tt/ia5mfKl

No proposal to revise subsidy sharing pattern between Centre and states under PMFBY: Narendra Singh Tomar

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Agriculture minister Narendra Singh Tomar, in a written reply to the Rajya Sabha, said the revamped PMFBY revised the subsidy sharing pattern for north-eastern states from 50:50 to 90:10 between central and state governments. The premium sharing pattern for the remaining states and Union Territories is 50:50 subject to certain conditions. from Agriculture-Economy-News-Economic Times https://ift.tt/IrTglUK

Wheat export at 70.30 lakh tonne till March 21 this fiscal

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From April 2021 - March 21, 2022, exports of wheat to Bangladesh, Sri Lanka and UAE stood at 39,37,438 tonnes; 5,80,819 tonnes; and 4,69,851 tonnes, respectively. from Agriculture-Economy-News-Economic Times https://ift.tt/zBA2NKH