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Showing posts from June, 2022

India's Agri Expertise can Ensure Global Food Security, PM tells G7

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"Can the G7 create a structured system for the widespread use of Indian agricultural talent in its member countries?" the Prime Minister said on Monday at a session on food security held on the sidelines of the G7 summit in Germany. "With the help of traditional talent of India's farmers, food security will be ensured to G7 countries." from Agriculture-Economy-News-Economic Times https://ift.tt/t3FHoCD

Year on kharif sowing in Maharashtra trails by 87%

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The state cabinet today discussed the state of kharif sowing in the state. The state has received 134 milimeter rainfall till date against 270 milimeter received in the previous year. The kharif sowing in the state was completed last year on this date. "This year, however, sowing has been done over only 20.30 lakh hectare of the area, which stands at 13% of the total area," a government release said. from Agriculture-Economy-News-Economic Times https://ift.tt/ktabp8v

Progressive sowing of kharif soyabean stands at 26% of previous year's total acreage, says top industry body

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"The sowing window is open till mid-July so we are not worried about the pace of sowing," said DN Pathak, executive director, SOPA. The total kharif acreage under soybean in 2021 kharif season was 120 lakh hectare, while this year, the sowing as on date has been done on 31.68 lakh hectares. from Agriculture-Economy-News-Economic Times https://ift.tt/MaBhIZj

Egypt to buy 180,000 tonnes of wheat from India

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As Egypt sought to diversify import origins, Supply Minister Aly Moselhy said in May that it had agreed to buy 500,000 tonnes of wheat from India. India banned wheat exports the same month, but made allowances for countries like Egypt with food security needs. Separately, Egypt is looking at ways to obtain more flour from grain, raising the extraction percentage for flour used for subsidised bread to 87.5% from 82%, Moselhy said. from Agriculture-Economy-News-Economic Times https://ift.tt/xTvcLXJ

Centre procures 52,460 tonne onion till May for buffer stock

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The government for the last few years has been maintaining a buffer stock of onion to tackle price rise during the lean season. Onion is being procured through an agency National Agricultural Cooperative Marketing Federation of India (Nafed). from Agriculture-Economy-News-Economic Times https://ift.tt/3IuEXLY

Will form Apple Farmers Federation of India, bring Kerala cooperative society model to Kashmir: Kisan Sabha

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Apple provides livelihood to around nine lakh households in India mainly from Kashmir, Himachal Pradesh and Uttarakhand. J&K produces 77 percent of apple fruit across India followed by 19 percent from Himachal Pradesh and around 2.5 percent from Uttrakhand. from Agriculture-Economy-News-Economic Times https://ift.tt/IzflyGg

Kharif sowing picks up, next fortnight crucial

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Indian Meteorological Department (IMD) in its forecast for next five days has said gradual maximum temperature is likely to rise by 2-4 degree centigrade over most parts of northwest India and Madhya Pradesh. from Agriculture-Economy-News-Economic Times https://ift.tt/joYZb1g

Rice price rise a concern as food inflation accelerates in India

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Concerns around elevated wheat prices made analysts apprehensive of the chances of consumers shifting to rice in a bid to opt for cheaper food options which could lead to an uptick in its prices. from Agriculture-Economy-News-Economic Times https://ift.tt/EI52lmB

SC stays Bombay HC order asking insurance firm to compensate farmers for crop loss under PMFBY

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In the event the amount is not deposited within six weeks, the order of stay shall stand automatically vacated without further reference to the court, it ordered. The bench directed the petitioner farmers and the state government to file their replies within six weeks. The high court, while directing the insurance firm to compensate the farmers, had said that if the company failed to pay then the state government should compensate the farmers for the crop loss. from Agriculture-Economy-News-Economic Times https://ift.tt/Z8oiruk

Poor monsoon could spell disaster for India's agriculture-based economy, say experts

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The monsoon accounts for around 70 per cent of the country's annual rainfall and irrigates 60 per cent of its net sown area. Nearly half of the population depends on agriculture directly or indirectly. A bad monsoon invariably means bad crop production and inflation. from Agriculture-Economy-News-Economic Times https://ift.tt/8b3QJva

At 137 lakh tonnes, Maharashtra sees its all-time high sugar production

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"The state has produced 137.28 lakh tonnes of sugar this year, which is 30.88 lakh tonnes more than the previous year. With this, the crushing season in the state has now ended," state Sugar Commissioner Shekhar Gaikwad told. from Agriculture-Economy-News-Economic Times https://ift.tt/BDztokf

With a record sugar production, Maharashtra closes 2021-22 season; next season also expected set a new record

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"Maharashtra's sugar mills have produced 138 lakh tones of sugar, which is the highest quantity ever produced since the inception of the sugar landindustry in the state. The 2021-22 also proved to be the year of longest crushing season, as the mills operated for 240 days," said Gaikwad from Agriculture-Economy-News-Economic Times https://ift.tt/EFjyaTs

Wheat procurement falls short of original target by 57% at 18.7 million tonnes

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The government had set a target of 44 mt of wheat procurement for this season, which it later cut to 19.5 million tonnes on account of extreme heat in March impacting production. The final procurement is likely to be less than the revised target. from Agriculture-Economy-News-Economic Times https://ift.tt/uMnDmle

WRMS gets Euro 2.1 mn grant to provide solutions for yield guarantee to small farmers

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WRMS offers SecuFarm which is a sustainable farming solution for smallholders to provide them with farm level yield guarantee and an assured income. The solution guarantees farmers a benchmark yield, provided they follow the Package of Practice (PoP) shared with them on the SecuFarm app. from Agriculture-Economy-News-Economic Times https://ift.tt/V1uko5d

Consumers feel the pinch of rising chicken and rice prices

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Prices of chicken will cool off in October-November when harvesting of soyabean, a key ingredient for animal feed, starts. At present, chicken is commanding a price of Rs 240 per kg. Rice prices, which had cooled off a bit, have again shot up by 9 per cent in the last two weeks as the news spread that Bangladesh will import rice to meet its domestic demand and will buy it from private traders. from Agriculture-Economy-News-Economic Times https://ift.tt/V90Dfe2

WTO fish sops pact: Draft leaves out India’s proposals, 25 year exemption cut to 7 years

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The draft also allows only seven years’ transition period for developing countries as against India’s proposal that developing countries not engaged in distant water fishing should be exempt from overfishing subsidy prohibitions for 25 years. Fishing beyond 200 nautical miles from the seashores of a country is called distant water fishing. from Agriculture-Economy-News-Economic Times https://ift.tt/mqtRrQF

Govt of Assam committed to promote an enabling agriculture enterprise ecosystem in the state: Dr. Ashish Bhutani

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The Demo Day was a coming together of stakeholders, government agencies, financial bodies, investors, buyers with the AAGL entrepreneurs in focus. Industry stalwarts present were from DIC, NEDFi, NRL, NABARD, HDFC bank, North East Small Finance Bank, CII, FINER, SELCO Foundation, Department of Fisheries, Department of Agriculture, ARIAS Society, World Veg, World Fish, IRRI etc. from Agriculture-Economy-News-Economic Times https://ift.tt/kGx7zEB

Why India holds the key to global rice market outlook

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India's rice exports touched a record 21.5 million tonnes in 2021, more than the combined shipments of the world's next four biggest exporters of the grain: Thailand, Vietnam, Pakistan and the United States. India, the world's biggest rice consumer after China, has a market share of more than 40% of the global rice trade. from Agriculture-Economy-News-Economic Times https://ift.tt/WSRA8wv

Revised MSPs still about 47% lower for most of the 14 crops under scheme: Report

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According to Crisil, of the 14 crops covered under MSP, only paddy and cotton saw a meaningful procurement during the past three years, with 45 per cent for paddy and 27 per cent of cotton output were procured at MSP but when it comes to groundnuts it was only 4-5 per cent of production and for pulses, it was even less. from Agriculture-Economy-News-Economic Times https://ift.tt/efht3wM

Heatwave hits J&K and Himachal apple, Maharashtra orange crops

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While the apple crop in Himachal Pradesh and Jammu & Kashmir is estimated to be down by 25% from last year, orange production in Nagpur and Amaravati in the Vidarbha region of Maharashtra is expected to fall by 25-30%, according to farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/Oe91Ug5

Government hikes MSP for kharif crops by 4-9 pc for 2022-23; paddy up by Rs 100/qtl

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The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year. from Agriculture-Economy-News-Economic Times https://ift.tt/Xve40Vt

Assam planning to start Millet Mission, says state agri minister

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With an aim to strengthen the Agro-Economy in Assam, the First State Level Conclave cum Exhibition of the Farmer Producer Companies (FPCs) was held in Guwahati. Organised by Assam Agribusiness & Rural Transformation Project (APART), the conclave aims to facilitate a platform for the registered FPCs of the State. from Agriculture-Economy-News-Economic Times https://ift.tt/NoWs8KV

CCEA hikes Paddy MSP by Rs 100 to Rs 2,040 per quintal for 2022-23

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from Agriculture-Economy-News-Economic Times https://ift.tt/IsZmw3p

Cabinet hikes MSP for Kharif crops for season 2022-23

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The highest absolute increase in MSP over the previous year has been recommended for Sesamum (Rs 523/quintal), Moong (Rs 480/quintal), and Sunflower seed (Rs 385/quintal). from Agriculture-Economy-News-Economic Times https://ift.tt/FLdgjwi

Gram Unnati helps Uttarakhand farmers adopt climate-compatible agriculture to save water

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According to the United Nations, by 2050 more than five billion people could be affected by water scarcity. India, which constitutes 16% of the total world population, has access to a meagre 4% of the world’s water resources. The success of our pilot project in Uttarakhand will impact other farmers to shift towards climate compatible crops without having an impact on yield and returns.” from Agriculture-Economy-News-Economic Times https://ift.tt/epsxkEr

Sugar exporters are not happy with how sales curb is panning out

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Traders had contracted 9 million tonnes of sugar exports before the ban. Mills had dispatched 8.2 million tonnes, of which 7.8 million tonnes had already been shipped, according to government data. from Agriculture-Economy-News-Economic Times https://ift.tt/WbUDjnf

Tea Board directs all producers, sellers to strictly comply with quality norms of FSSAI

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The board has cautioned that no tea consignment that has failed on Food Safety and Standards Authority of India (FSSAI) test parameters should be out from the warehouse until receipt of the views of brokers and further direction of Tea Board in the matter, the official said. from Agriculture-Economy-News-Economic Times https://ift.tt/03MfAtd

Panicked traders step up forward Indian rice purchases after wheat export ban: Sources

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India is not a top global wheat exporter, but it is the world's second-biggest sugar exporter behind Brazil. Those export curbs led to speculation that India could also cap rice shipments, though government officials said India does not plan to because it has sufficient rice stocks and local prices are lower than state-set support prices. from Agriculture-Economy-News-Economic Times https://ift.tt/oJZ4P6t

India has a realistic chance of achieving USD one billion shipment target, says tea exporters' body

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Indian Tea Exporters' Association Chairman Anshuman Kanoria said it is also essential that the beverage produced for the overseas market is compliant with the safety regulations of importing countries. from Agriculture-Economy-News-Economic Times https://ift.tt/TIM3s8K

Global wheat prices jump after India export ban and Ukraine war: FAO

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Last month, India announced that it was banning wheat exports in a bid to check high prices amid concerns of wheat output being hit by the scorching heat wave. Wheat exports were allowed on the basis of permission granted by the Indian government to other countries to meet their food security needs and based on the request of their governments. from Agriculture-Economy-News-Economic Times https://ift.tt/sL7Ota5

Efforts on to introduce ethanol in agriculture, construction equipment: Nitin Gadkari

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The Union road transport and highways minister said the country imports petroleum products worth Rs 10 lakh crore to meet the requirements in the energy and power sector, and in the next five years, the demand may go up to Rs 25 lakh crore, which will affect the economy. from Agriculture-Economy-News-Economic Times https://ift.tt/4ElRv2Q

India has a realistic chance of achieving USD one billion shipment target, says tea exporters' body

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Indian Tea Exporters' Association Chairman Anshuman Kanoria said it is also essential that the beverage produced for the overseas market is compliant with the safety regulations of importing countries. from Agriculture-Economy-News-Economic Times https://ift.tt/l1SHuYn

High in pesticides, many countries send back Indian tea

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In 2021, India exported 195.90 million kg tea. The major buyers were Commonwealth of Independent States (CIS) nations and Iran. The board is aiming to achieve 300 million kg tea this year. from Agriculture-Economy-News-Economic Times https://ift.tt/5cnRsMC

Indian Institute of Management Ahmedabad launches agri land price index

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“With just over 200 million hectares, India houses just 2% of the world’s cropped land; but feeds over 15% of the world’s population. Recently, we have witnessed a surge in entrepreneurial interest in Agri land and allied professions,” said Errol D’Souza, Director IIMA. from Agriculture-Economy-News-Economic Times https://ift.tt/ogmuXBL

Tomato prices to stabilise in southern states in two weeks: Food Secretary

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Barring Delhi, where tomato is being sold at Rs 40 per kg, retail prices in other metro cities were ruling high on June 2. Tomato was sold at Rs 77 per kg in Mumbai and Kolkata, and at Rs 60 per kg in Chennai on Thursday, the data showed. from Agriculture-Economy-News-Economic Times https://ift.tt/Q1wFK5P

Arya.ag acquires agriculture data science company Prakshep

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Arya.ag connects sellers and buyers of agriproduce, providing complete assurance on quantity, quality and payments. The distinct digital offerings of Prakshep will add to Arya.ag’s deep tech capability to provide traceability, transparency, quality assurance for seamless commodity commerce. from Agriculture-Economy-News-Economic Times https://ift.tt/3FnKZdb

Tea companies refuse to pick orders on high chemical content

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Federation of All India Tea Traders Association (FAITTA), the apex trade body of the packet tea players which includes Tata Global Beverages, HUL and others, tested teas at an independent firm, Eurofins Analytical Services India. Eurofins has indicated that the chemical content is higher than the maximum residue levels (MRLs) and does not conform to the Food Safety & Standards Authority of India standard. from Agriculture-Economy-News-Economic Times https://ift.tt/dT7EnCa

Use of AI, tech can address challenges in Indian agriculture sector, says new report

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The entire system needs to adapt to a holistic approach which can be built upon indigenous and traditional farming knowledge integrated with transformative smart farming practices, including adoption of Artificial Intelligence (AI) tools and techniques, it noted. from Agriculture-Economy-News-Economic Times https://ift.tt/RD1xdvh