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Showing posts from August, 2022

Agriculture Minister reviews progress on database for identification of eligible farmers for PM-KISAN, other schemes

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​​​Narendra Singh Tomar, in a virtual meeting with state agriculture ministers, asked states to complete the work of data verification and update at the earliest so that no eligible farmer is deprived of the benefits of the schemes. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of Rs 6,000 per year is provided to eligible farmer families, payable in three equal instalments of Rs 2,000. from Agriculture-Economy-News-Economic Times https://ift.tt/mqvOxw8

Rs 13.8 crore crop loans to be waived: Puducherry CM; Assembly adjourns sine die

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As part of the initiatives to mitigate the woes of farmers, the government has decided to write off the loans due from ryots to banks amounting to Rs 13.8 crore. A sum of Rs 30 crore had been earmarked to rehabilitate the sick cooperative societies and undertakings in the Union Territory. from Agriculture-Economy-News-Economic Times https://ift.tt/k7HAelp

Experts link recent drop in wheat production to climate change, urge India to take it up at COP27

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India's wheat production is projected to have declined nearly three per cent to 106.84 million tonnes in the 2021-22 crop year. The decline is likely to have been caused by a heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana. from Agriculture-Economy-News-Economic Times https://ift.tt/xNhTPiB

The many uses of alternative farming

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Alternate farming of the kind promoted by Vasudev can make a real difference in Goa, reducing farmer costs and getting them higher value for their produce. Or it can become a cynical shield for a process where small farmers are ultimately forced off their land - while alternative farming serves as a smokescreen, and then perhaps even as the peg on which to pin the blame, much as has happened in Sri Lanka. from Agriculture-Economy-News-Economic Times https://ift.tt/fiRTINA

The many uses of alternative farming

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Alternate farming of the kind promoted by Vasudev can make a real difference in Goa, reducing farmer costs and getting them higher value for their produce. Or it can become a cynical shield for a process where small farmers are ultimately forced off their land - while alternative farming serves as a smokescreen, and then perhaps even as the peg on which to pin the blame, much as has happened in Sri Lanka. from Agriculture-Economy-News-Economic Times https://ift.tt/fiRTINA

Significant rise in potato production in Assam: Agriculture minister

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Bora while speaking on Potato Conclave and Business Launch Event stated state must be self-reliant in Agriculture and Veterinary sector and not dependent upon the other States of the country. from Agriculture-Economy-News-Economic Times https://ift.tt/jfULXWb

Paddy sowing down by 5.99 pc so far; major lag in Jharkhand, West Bengal, Chattisgarh

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As per the data, less paddy area is reported from Jharkhand -- 10.51 lakh hectare (ha), West Bengal (4.62 lakh ha), Chhattisgarh (3.45 lakh ha), Uttar Pradesh (2.63 lakh ha), Bihar (2.40 lakh ha), and Odisha (2.24 lakh ha) till August 26 this kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/2KqWH6O

India likely to curb some rice exports in risk to global supply

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The government is discussing curbs on broken rice exports, which account for almost 20% of India’s shipments abroad, as local prices have soared, said the people, who asked not to be identified as the information is private. Talks are in advanced stages and a decision may be announced soon, the people said. from Agriculture-Economy-News-Economic Times https://ift.tt/DpMUIbh

Reliance Retail's bid price for 40,000 T Haryana wheat signals shortage

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Hafed, which used to procure wheat only for Food Corporation of India at the minimum support price, had for the first time purchased the grain at market rate this year for the sole purpose of exports. It had procured 1,80,000 tonnes of wheat, paying more than the MSP for exports. from Agriculture-Economy-News-Economic Times https://ift.tt/39x1rFz

Oil palm cultivation: Godrej Agrovet signs MoUs with Assam, Manipur and Tripura

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As part of the memorandums of understanding (MoUs), Godrej Agrovet said it will be allotted land across the three states for promotion and development of sustainable palm oil plantations in the region. The collaboration will bring new opportunities and growth in building oil palm plantation in these three state and would help provide the required support to the farmers, it said. from Agriculture-Economy-News-Economic Times https://ift.tt/ohmLxXt

Price hike to limit slide in profitability of organised dairy sector: CRISIL

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Despite lower profitability, comfortable balance sheets and better working capital management will keep the credit profiles of players stable. A CRISIL Ratings analysis of 40 rated dairies that account for 60% of the organised segment revenue indicates as much. from Agriculture-Economy-News-Economic Times https://ift.tt/MtrAOn9

Traders seek ban on Turmeric Futures

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The association alleged that some traders and corporates are making a profit. The prices are being decided according to the convenience in the futures price, it said. from Agriculture-Economy-News-Economic Times https://ift.tt/9g5WVef

Wheat prices up 4%, more hikes expected on festive demand

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Denying some reports claiming that India was going to import wheat, the Department of Food and Public Distribution issued a statement on Sunday saying the country has enough stock of wheat to take care of its domestic requirement and for the public distribution system. from Agriculture-Economy-News-Economic Times https://ift.tt/hXeSMqR

Godrej Agrovet signs MoUs with Assam, Manipur and Tripura to promote oil palm cultivation

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In August 2021, Government of India had launched the National Mission on Edible Oils – Oil Palm (NMEOOP) with planned outlay of ₹ 11,040 Crore. from Agriculture-Economy-News-Economic Times https://ift.tt/KB6lXdx

Committee on MSP holds broad discussion on key issues in first meeting but SKM skips

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SKM, which necessitated setting up of this committee on July 18 after leading the farmers' protest against three farm laws and forcing the government to repeal them, has already rejected this committee and decided not to nominate its representatives. from Agriculture-Economy-News-Economic Times https://ift.tt/9pjeuih

Godrej Agrovet signs MoUs with NE states for oil palm cultivation

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Godrej Agrovet is the largest oil palm processor in India and works directly with the farmers for the entire lifecycle of their crop. The MoUs are in line with Godrej Agrovet’s long-term strategy to be the catalyst in India’s oil mission through sustainable growth of oil palm production and double farmer’s income. from Agriculture-Economy-News-Economic Times https://ift.tt/bpX6zKF

Paddy sowing continues to lag, acreage down by 8.25 per cent till August 18

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Area sown to pulses and oilseeds also remained slightly lower, while the overall area covered under all kharif crops showed a lag of 25.52 lakh hectare at 1012.99 lakh hectare till August 18 of the 2022-23 kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/xH2GF8C

India has no plan to import wheat as sufficient stock ready to meet local demand, government says

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"There is no such plan to import wheat into India. Country has sufficient stocks to meet our domestic requirements and FCI has enough stock for pubic distribution," the Department of Food & Public Distribution wrote in a reply to the news item on Twitter. A Bloomberg report today said state reserves have declined in August to the lowest level for the month in 14 years, according to Food Corp. of India, while consumer wheat inflation is running at close to 12%. from Agriculture-Economy-News-Economic Times https://ift.tt/laH1SvP

India may import wheat in blow to Modi’s vision of feeding the world

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Indications that a bumper wheat harvest wasn’t going to eventuate prompted the government to restrict exports in mid-May. State reserves have declined in August to the lowest level for the month in 14 years, according to Food Corp. of India, while consumer wheat inflation is running at close to 12%. from Agriculture-Economy-News-Economic Times https://ift.tt/e2iJPuU

Vast stretch of land identified in North East and West Bengal for rubber cultivation

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Import of NR increased to 546,369 tonnes during 2021-22 compared to 410,478 tonnes during 2020-21. 60% of the import was through duty paid channel. 87.5% of import was in the form of block rubber. from Agriculture-Economy-News-Economic Times https://ift.tt/5vkx1ME

Vast stretch of land identified in North East and West Bengal for rubber cultivation

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Import of NR increased to 546,369 tonnes during 2021-22 compared to 410,478 tonnes during 2020-21. 60% of the import was through duty paid channel. 87.5% of import was in the form of block rubber. from Agriculture-Economy-News-Economic Times https://ift.tt/5vkx1ME

Over 11,000 crop residue management machines go missing, vigilance probe ordered

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​Agriculture Minister Kuldeep Singh Dhaliwal, in a statement, said during a physical verification, a total of 11,275 machines were not found with the beneficiaries and ordered a thorough probe into it. from Agriculture-Economy-News-Economic Times https://ift.tt/MspGka1

Foodgrain production may be 1.6% higher in 2021-22

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"The production during 2021-22 is higher by 25 million tonnes than the previous five years' (2016-17 to 2020-21) average production of foodgrains," the ministry said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/TgGvYm9

Kharif output may take big hit: Experts

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There is a 52.98% % deficit in the sowing area, from 99.73 million hectares in 2021 to 46.897 million hectares as on August 12, according to data on the agriculture ministry's National Food Security Mission website. from Agriculture-Economy-News-Economic Times https://ift.tt/hy9opDO

Govt projects record foodgrain production, lower wheat output in 2021-22 crop year

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Releasing the fourth advance estimate for the 2021-22 crop year, the Union agriculture ministry on Wednesday said a record output is also estimated for rice, maize, gram, pulses, rapeseed and mustard, oilseeds and sugarcane. The country's overall foodgrain production is estimated to be record 315.72 million tonnes in the crop year that ended in June 2022, according to the ministry. from Agriculture-Economy-News-Economic Times https://ift.tt/WL7FipO

First meeting of committee on Minimum Support Price to be held on August 22

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SKM, which necessitated setting up of this committee after leading farmers' protest against three farm laws and forcing the government to repeal them, has already rejected this committee and decided not to nominate its representatives. from Agriculture-Economy-News-Economic Times https://ift.tt/9tAaqgY

Around the bowl in 75 years: Time for a different approach to food production

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ICAR has promoted a model of agrotechnology change led by hybrid seeds and intense cultivation of just a few crops, but there may be greater value in India’s holistic systems. from Agriculture-Economy-News-Economic Times https://ift.tt/j1myths

Mustard, maize and moong cultivation must be promoted to boost farmers' income

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India imports around 60 per cent of its domestic edible requirements. Pulses too are imported, although in a small quantity. from Agriculture-Economy-News-Economic Times https://ift.tt/AQi6NWw

Centre asks states to monitor stocks of tur dal as prices rise

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​The Department of Consumer Affairs on Friday, issued a directive to all the states to enforce stock disclosure by stockholders of tur under provisions of the Essential Commodities Act, 1955 and also to monitor and verify the stocks. from Agriculture-Economy-News-Economic Times https://ift.tt/ONEAs3M

Amit Shah pitches for setting up PACS in every panchayat to boost agri-finance

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At the event, Union Minister of State for Cooperation B L Verma, Cooperation Secretary Gyanesh Kumar, NAFSCOB Chairman Konduru Ravinder Rao, NAFSCOB's MD Bhima Subrahmanyam, NCUI President Dileep Sanghani, Kribhco Chairman Chandra Pal Singh Yadav and NAFED Chairman Bijender Singh were present. As per an official statement, the short-term cooperative credit structure in India comprises 34 SCBs, 351 DCCBs and 96,575 PACS. from Agriculture-Economy-News-Economic Times https://ift.tt/eRa0F79

Rice output may drop by about 10 million tonnes in 2022-23

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The output of wheat dropped due to an intense heat wave in March. Lower output and increased private trade also led to a 56% drop in the government’s procurement of the staple food item. This has put pressure on rice stocks as well. from Agriculture-Economy-News-Economic Times https://ift.tt/EKDMrul

Tomato prices surge as rains damage crop

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"Tomato supply to Azadpur mandi has dwindled as rains have damaged the crop. At the wholesale level, prices have appreciated from ₹20 per kg to ₹28 per kg. Prices will remain firm for some time now, till the new crop comes," said Ashok Kaushik, president, Tomato Traders Association, Asia's largest Mandi in Azadpur said In FY22, India had produced 20 million metric tonnes of tomato. from Agriculture-Economy-News-Economic Times https://ift.tt/khTnbFv

Wheat prices in India stabilised, export restrictions bore fruit

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Multiple rounds of heat waves in several wheat-growing regions in India ahead of the rabi harvest this year affected crop production. The current wheat price in India is well above the Centre's assured Minimum Support price of Rs 2,015 per 100 kg, which in itself is a rare phenomenon. As the tensions between Russia and Ukraine turned into a full-blown war, export demand for wheat got a boost, resulting in lifetime high prices of the staple foodgrain in the local mandis. from Agriculture-Economy-News-Economic Times https://ift.tt/0NWh64d

Wage hike of tea estate workers to increase the cost of production by Rs 16/ kg

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Wage hike of tea estate workers in West Bengal will lead to an increase in the cost of production by Rs. 16/ kg and will have a substantial adverse impact on the margins of tea estates in West Bengal. from Agriculture-Economy-News-Economic Times https://ift.tt/lVfnHr3

Haryana cooperative body to sell 1 lakh tonne wheat in open market

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The wheat Hafed has decided to sell is from grain it procured at above minimum support price (MSP) during commercial operations in the ongoing 2022-23 rabi marketing season. from Agriculture-Economy-News-Economic Times https://ift.tt/8Qcw3qD

Urad, Tur prices soar 15% over past 6 weeks

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According to the latest sowing data released by the agriculture ministry, the area under tur was 4.6% lower compared with a year earlier, while that under urad was 2% less. Heavy rainfall in key tur growing areas and the resultant water logging have raised concerns about crop damage. from Agriculture-Economy-News-Economic Times https://ift.tt/N3WGTS1

Rice acreage down 13% till Aug 5 due to rain shortfall

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The area covered under paddy stood at 274.30 lakh hectare as on August 5, against 314.14 lakh hectare in the corresponding period last year, according to data released by the agriculture ministry on Monday. from Agriculture-Economy-News-Economic Times https://ift.tt/yxkTEij

Wheat prices bounce back after meeting of floor mill federation with govt

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Wheat prices had fallen on Tuesday in anticipation of some price control measures from the government after its meeting with the Roller Flour Millers’ Federation of India. “The market has brushed off the message given by the central government indirectly through the RFMFI and bounced back to the previous level,” said a veteran flour miller. from Agriculture-Economy-News-Economic Times https://ift.tt/2oLyOeH

Companies keeping close watch on global rainfall trends

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Companies, in India and abroad, are also monitoring the Indian monsoon. This year till July 29, the area covered under paddy, the primary crop during the kharif season, was 13.3% less from the year-ago period, as farmers in the major producer states of Uttar Pradesh, Bihar, Jharkhand and West Bengal slowed sowing due to poor rains. from Agriculture-Economy-News-Economic Times https://ift.tt/8KuLloM

Assam allows use of up to 5% of tea garden land for various other purposes

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In an ordinance the state government amended Assam Fixation of ceiling on Land holding Act 1956. from Agriculture-Economy-News-Economic Times https://ift.tt/A8OpTVy

Government forms panel to look into ways to strengthen MSP system

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The committee will look into ways to strengthen the MSP system and how farmers can take benefit out of the support price mechanism, the minister noted. The government will consider the recommendations of the committee, he added. Choudhary was replying to a question from Tiruchi Siva (DMK) who wanted to know whether the government has any plans to increase the MSP to 200 per cent of the production cost of the farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/HCd0zL4

Sugarcane FRP hiked by Rs 15/quintal to Rs 305 for 2022-23 season

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

Telangana bets big on oil palm to cut $19 billion vegoil imports

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Telangana is targeting 2 million additional acres under oil palm cultivation in the next four years, and is going to great lengths to achieve this goal - from building large dams and irrigation canals to importing millions of germinated sprouts. from Agriculture-Economy-News-Economic Times https://ift.tt/EjgL3ul

World's food supply faces new threat from lack of rain in India

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The threat to India’s rice production comes at a time when countries are grappling with soaring food costs and rampant inflation. Total rice planted area has declined 13% so far this season due to a lack of rainfall in some areas, including West Bengal and Uttar Pradesh, which account for a quarter of India’s output. from Agriculture-Economy-News-Economic Times https://ift.tt/NihC06c

Farm fires: Experts divided on cash incentive to farmers, ask why not use pusa-bio decomposer

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"Cash incentive is a temporary solution to the problem. Other methods such as using paddy straw in boilers and for manufacturing paper are cost-intensive. In-situ treatment is the only sustainable solution which will also help improve soil fertility," said Dipankar Saha, former chief of the Central Pollution Control Board's air lab. from Agriculture-Economy-News-Economic Times https://ift.tt/3ruqA8C

Rice prices increase up to 30% due to demand from West Asia, Dhaka

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"Bangladesh has started importing rice from India which has impacted the preferred varieties of rice in Indian households like sona masoori, whose prices have gone up by 20%," BV Krishna Rao, president of the Rice Exporters Association, told ET. from Agriculture-Economy-News-Economic Times https://ift.tt/mf2l5jN