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Showing posts from September, 2022

Tocklai Tea Research Institute launches world’s first R&D-led sustainability code

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Keeping in view the needs of research support and continuous innovations to bring about transformational change in the Indian tea industry, TRA is integrating it’s Good Agricultural Practices and Good Manufacturing Practices in the form of TRA-TOCKLAI GAP-GMP Standard, aligned with the United Nation’s Sustainable Development Goals. from Agriculture-Economy-News-Economic Times https://ift.tt/dol0swN

Crops' share in agriculture drops to 55.5%, shows data

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The gross value output (GVO) of cereals, at ₹336,400 crore, was highest among all the crop-groups in 2011-12. However, in 2019-20, GVO of 'fruits and vegetables' was ₹383,300 crore, about ₹6,000 crore higher than that of cereals, according to the report. from Agriculture-Economy-News-Economic Times https://ift.tt/xZH1qUL

Crop share in India’s agri fell in FY20 from FY12: Govt

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The gross value output (GVO) of cereals, at Rs 336.4 thousand crore, was highest among all the crop-groups in 2011-12. However, in 2019-20, GVO of ‘fruits and vegetables’ was Rs 383.3 thousand crore, about Rs 6,000 crore higher than that of cereals, according to the report. from Agriculture-Economy-News-Economic Times https://ift.tt/EJChbTk

Govt asks customs to allow export of rice consignments with limited quantity of broken rice

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In a trade notice on Wednesday, the Directorate General of Foreign Trade (DGFT) said that representations have been received from trade and industry seeking attention towards the problems being faced by exporters in clearing the consignments of other categories of rice due to presence of certain content of broken rice in the said consignments. from Agriculture-Economy-News-Economic Times https://ift.tt/DStOV51

Monsoon 2022: Strong finish but crucial regional deficits

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"The acreage of kharif crops is unlikely to meet last year’s level. The erratic rainfall will have an impact on the final yield and harvest. The heavy rains we are seeing in some states are also not good for harvest. Overall, we could expect a slower fall in food inflation, " said Aditi Nayar, chief economist, ICRA. from Agriculture-Economy-News-Economic Times https://ift.tt/k83Km2w

Team of scientists from ICAR completes genome sequencing for pomegranate

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The team involved in this landmark research comprised Dr. N.V. Singh, Dr. P. Roopa Sowjanya, Dr. Shilpa Parashuram, Dr. P.G. Patil and Dr. R.A. Marathe, all at ICAR-NRCP, Solapur. It has taken the team six years in accomplishing full genomic sequencing of this Indian pomegranate. from Agriculture-Economy-News-Economic Times https://ift.tt/eYsEbV8

Oz delegation to focus on agri, critical minerals, infra

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The minerals, used in EVs and medical devices, are an area of key interest for India as the country has launched production-linked incentive schemes for these sectors. "Australia is excellent in exploration, extraction, production and processing of critical minerals... and India is strengthening its manufacturing capability. So, we can together improve that supply chain resilience," Eaton said. from Agriculture-Economy-News-Economic Times https://ift.tt/nUmvHgq

Rice output may fall 13 per cent to 96.7 million tonnes in kharif this year: Origo Commodities

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Earlier this week, the agriculture ministry released the first advance estimates for kharif season of 2022-23 crop year (July-June). As per the government data, rice production is likely to decline by 6 per cent to 104.99 million tonnes in the kharif season this year as against 111.76 million tonnes in kharif season of last year. from Agriculture-Economy-News-Economic Times https://ift.tt/qun7xid

Kharif sowing nears to end; paddy acreage down by 5.51 pc

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Besides paddy, there is marginal lag in sowing of pulses, oilseeds and jute/mesta. Consequently, the total sown area under kharif crops declined 1.24 per cent to 1,097.57 lakh hectares so far this kharif season, as against 1,111.36 lakh hectares in the year-ago period, it said. from Agriculture-Economy-News-Economic Times https://ift.tt/ri18Fau

Prices of rice may continue to go up, says govt

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The ministry had earlier informed that domestic rice production is estimated to declined by 6 per cent to 104.99 million tonnes in the 2002-23 kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/IljqhcV

Increasing rural electrification and positive farm sentiment to boost demand for agricultural pumps: CRISIL

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Higher volume-driven growth and stabilising input prices will lead to operating margins rising up to 100 basis points to 11-12% this fiscal, and improve cash accruals. That, along with steady working capital levels and moderate capex spending needs will ensure debt remains at levels similar to last fiscal, supporting stable credit profiles. from Agriculture-Economy-News-Economic Times https://ift.tt/17U6k8n

Export policy for 2022-23 sugar season soon, says Food Secretary

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Announcement of the policy will help sugar mills in enter into forward export contracts. Indian Sugar Mills Association (Isma) president Aditya Jhunjhunwala said the association has urged the government to allow exports of 8 million tonnes of the sweetener in 2022-23 in view of a surplus production. from Agriculture-Economy-News-Economic Times https://ift.tt/YbU3QXR

Agriculture, Food Processing ministries launch convergence portal for 4 major schemes

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Pradhan Mantri Kisan Sampada Yojna is a Central Sector Scheme of the Ministry of Food Processing Industries for creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet. Under the scheme, there is a provision of 35 per cent grant of Eligible Project Cost for General and 50 per cent for SC/ST/Difficult Areas, subject to a maximum of Rs 5 crore to Rs 15 crore in terms of respective sub-scheme guidelines. from Agriculture-Economy-News-Economic Times https://ift.tt/wAJKhPV

India Agriculture Ministry estimates 6% drop in kharif rice output this season

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​There is a likely to be a six percent decline - approximately 104 million tonnes - ​in output this season in light of poor rains in key rice producing states. ​The Agriculture Ministry's first advance estimate sees kharif crop for the 2022-23 year dropping from the 111 million tonne figure from a year ago. from Agriculture-Economy-News-Economic Times https://ift.tt/an2NcDf

DPIIT planning multi-media campaign to promote GI products

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Work for the empanelled agency or agencies would include production of films, documentaries, sponsored AV (audio-visual) programmes, AV spots, and production of short videos. The notice said lack of promotion and publicity of Indian GI products have led to minimum awareness and interest within the young generation thus translating into very limited usage of these goods. from Agriculture-Economy-News-Economic Times https://ift.tt/SWsjnqD

Will ensure wheat supply, rein in hoarders: Food secretary

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India has enough wheat stock to take care of its domestic needs and for the public distribution system, said Pandey, adding the country exported just 4.5 million tonnes (mt) of the grain this year. While government data suggests wheat production in the 2021-22 crop year at just under 107 mt, the trade estimates it at 95-98 mt. from Agriculture-Economy-News-Economic Times https://ift.tt/LPmv2ky

Maharashtra to produce record sugar levels in new season

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Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weigh on global sugar prices.. from Agriculture-Economy-News-Economic Times https://ift.tt/s94vKtJ

India has enough wheat stock; Govt to take action against hoarders if needed, says Food Secy Sudhanshu Pandey

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According to news agency PTI, Pandey said the government's wheat production forecast is around 105 million tonne in rabi season of 2021-22 crop year (July-June) while the trade estimates are 95-98 million tonne. from Agriculture-Economy-News-Economic Times https://ift.tt/hvZ0jSF

5 states ready to procure chana at discount from Centre for their welfare schemes

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The measure is a part of the market intervention scheme to prevent farmers from resorting to the distress sales of chana. It will also help in improving market sentiment and rationalising the price of the pulses and adding required protein to the beneficiaries of the welfare schemes, he added. from Agriculture-Economy-News-Economic Times https://ift.tt/XhvA3RF

Rice prices likely to remain elevated owing to fall in Kharif output

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Recently, the retail inflation surged to 7 per cent due to increased food prices, including that of cereals. The increase has led to retail inflation reversing a three-month declining trend in August. from Agriculture-Economy-News-Economic Times https://ift.tt/27pTADN

Lower Kharif sowing calls for deft management of foodgrain stock, prices: FinMin Report

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There was a huge lag in paddy sowing in the states of Jharkhand (9.80 lakh ha), Madhya Pradesh (6.32 lakh ha), West Bengal (4.45 lakh ha), Chhattisgarh (3.91 lakh ha), Uttar Pradesh (2.61 lakh ha), and Bihar (2.18 lakh ha) so far this kharif season. Paddy is the main kharif crop and its sowing begins with the onset of the southwest monsoon from June and harvesting from October onwards. from Agriculture-Economy-News-Economic Times https://ift.tt/ln601Y5

Deficit in paddy sowing narrows to 4.52 pc; Jharkhand worst hit

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The deficit in paddy sowing has reduced to 4.52 per cent at 399.03 lakh hectares so far in the ongoing kharif season on revival of rains in some states, but it is badly affected in Jharkhand, according to agriculture ministry data released on Friday. from Agriculture-Economy-News-Economic Times https://ift.tt/nLCTHwb

Milk producer companies' milk procurement to jump 3-fold to Rs 18,000 cr in value terms in 5 years

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The National Dairy Development Board (NDDB) Chairman Meenesh Shah said the milk producer companies procured milk worth Rs 5,575 crore last fiscal year and the same is set to triple and reach over Rs 18,000 crore in the next five years. from Agriculture-Economy-News-Economic Times https://ift.tt/xlv3ozS

India’s food production industry worth over $400 billion, but food processing significantly low-BCG FICCI Report

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The total agriculture and food related exports from India were valued at nearly $50 billion in FY22. Some of the key challenges contributing to this trend include low-cost competitiveness, product quality concerns, limited brand strength in overseas markets, lack of infrastructure for processing, storage and logistics, as well as limited compliance to sustainability and ethical requirements. from Agriculture-Economy-News-Economic Times https://ift.tt/61ylcIf

Total wage rate for tea estate workers in Assam to increase by 9%

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The wage hike, as per ICRA estimates, would lead to an increase in the cost of production by Rs. 14per kg for bulk tea producers based out of Assam, which contributes 60% and 50% of the North India and all India production respectively. from Agriculture-Economy-News-Economic Times https://ift.tt/z53K4WC

Cattle feed prices soar due to GST on pulses by-products

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During the milling of pulses, a wide range of by-products such as chilka, khanda, and churi are obtained. These by-products, after varying degrees of processing, are used as cattle feed by dairy industry for better palatability and higher nutritive value. from Agriculture-Economy-News-Economic Times https://ift.tt/vu91YVa

Excess output hits onion garlic farmers

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Onion prices are usually higher in the rainy season in the absence of fresh harvest anywhere in the country. However, currently, the prices of average quality old onion are in the range of Rs 9-13/kg in the largest producer, Maharashtra. Farmers from MP, the largest garlic growing state, are struggling to recover the cost of production, forcing the state government to constitute teams for exploring markets in other states. from Agriculture-Economy-News-Economic Times https://ift.tt/hIdm3cQ

Nitin Gadkari advices farmers to form their own companies for marketing

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​​The government can step in where they can not solve a problem, the Union minister said. He was speaking at an outreach program organised by the Agricultural and Processed Food Products Export Development Authority, a government body, in association with his Agrovision Foundation. from Agriculture-Economy-News-Economic Times https://ift.tt/mEXO0tZ

After non-basmati, ban on broken rice exports

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As per the notification, provisions under the Foreign Trade Policy 2025-2020 regarding the transitional arrangement shall not be applicable to this notification. The government has allowed the consignments of broken rice to be exported till September 15, in cases where loading of broken rice on the ship has commenced before the notification. from Agriculture-Economy-News-Economic Times https://ift.tt/yBmnCS4

India's rice export curbs trap 1 mln T at ports as buyers refuse to pay duty

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India ships around two million tonnes of rice every month, with large amounts loaded from eastern ports such as Kakinada and Visakhapatnam in Andhra Pradesh state. In similar circumstances, New Delhi has in the past provided exemptions for contracts backed by letters of credit (LCs), or payment guarantees, issued until the day the government made a policy change, said Himanshu Agarwal, executive director at Satyam Balajee, India's biggest rice exporter. from Agriculture-Economy-News-Economic Times https://ift.tt/esXRz2a

India's rice production may fall by 10-12 mn tonnes during the Kharif season this year: Food Secretary

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He emphasised that the lack of rain in various states is to blame for the 38 lakh hectare decrease in paddy acreage so far this kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/9lje3Zv

India may see up to 12 million tonnes slump in rice production, food secretary says

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There are four affected drought states which have less area of approximately 25 lakh hectares, translating into about 7-8 million tonnes of less output. Total rice sowing is down by 38.06 lakh hectares and loss of production may be about 10 million tonnes. In worst case it can be 12 million tonnes this year due to variety of factors, Food Secretary Sudhanshu Pandey said. from Agriculture-Economy-News-Economic Times https://ift.tt/xGB0EAH

Government efforts to resolve problems in the farm sector: Tomar

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He emphasised that, according to estimates, foodgrain production increased by 5 million tonnes in the 2020–21 crop year, reaching 315.7 million tonnes in the 2021–22 crop year (July–June). from Agriculture-Economy-News-Economic Times https://ift.tt/H4XUs1K

Govt to offload about 50,000 tonnes of onions from buffer stock

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As the shelf life of onions is less, the department has written to all states to place orders if they need onions, the sources said. The Centre is offering onions at around Rs 18 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/kUqOhxP

PM Kisan scheme: 21 lakh farmers selected in UP found ineligible, says state Agri Min Surya Pratap Shahi

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A total of 2.85 crore farmers were selected under the Centre's Pradhan Mantri Kisan Samman Nidhi scheme in the state, out of which 21 lakh beneficiaries have been found ineligible, Shahi said while talking to reporters here. There are many such cases in which both husband and wife are getting the benefit of this scheme, he said, adding that recovery of the amount will be done from the ineligible farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/8tFmo70

Paddy sowing down by 5.62pc so far this kharif season

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There was a huge lag in paddy sowing in the states of Jharkhand (9.80 lakh ha), Madhya Pradesh (6.32 lakh ha), West Bengal (4.45 lakh ha), Chhattisgarh (3.91 lakh ha), Uttar Pradesh (2.61 lakh ha), and Bihar (2.18 lakh ha) so far this kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/HcjlXOL

Indian rice rates jump on sound demand amid concern over possible export curbs

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India's 5% broken parboiled variety was quoted at $379 to $387 per tonne, their highest since June 2021, from $366-$372 last week. Prices have risen for a third straight week. Indian parboiled rice prices rose because of a tender from Bangladesh, which could be forced to make big buying this year due to crop damage, said Himanshu Agarwal, executive director at Satyam Balajee, India's biggest rice exporter. from Agriculture-Economy-News-Economic Times https://ift.tt/BCYEPe3

Potato, tomato prices fall up to 30%

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The potato trade was holding back the crop in anticipation of better prices, but it did not happen, and traders were forced to release stocks, impacting the prices. In the case of tomato, good production this year has pushed down prices. from Agriculture-Economy-News-Economic Times https://ift.tt/QosPqYJ