Posts

Showing posts from December, 2022

Weather uncertainties grip agri sector in 2022; food grain supplies, crop prospects look bright

Image
If farm laws were the reason for the sector to hog headlines in 2021, this year, a raft of factors dotted the agriculture-food firmament. While rain deficit and heatwaves in winter hit production of a few major crops, Russia-Ukraine conflict pushed higher the prices of many commodities and fertilisers. from Agriculture-Economy-News-Economic Times https://ift.tt/oFW45gZ

Wheat exports rise 30 pc to USD 1.5 bn in Apr-Nov

Image
The ministry said that Basmati rice exports too increased by 39.26 per cent to USD 2.87 billion during April-November 2022, while that of non-basmati rice registered a growth of 5 per to USD 4.2 billion in the same period. "Wheat export has registered an increase of 29.29 per cent in eight months of the current fiscal as its export rose to USD 1508 million in April-November 2022 from USD 1,166 million in April-November 2021," it added. from Agriculture-Economy-News-Economic Times https://ift.tt/9hs6VfM

Basmati, non-basmati rice exports up 7.37 pc in Apr-Oct: Industry data

Image
Sethia said non-basmati rice exports were not affected due to the imposition of customs duty. The exports remained robust. The government imposed curbs on rice exports to check prices that flared up due to likely fall in production. As per the first estimate of the agriculture ministry, rice output is estimated to decline to 104.99 million tonnes in the kharif season of 2022-23 crop year (July-June) from 111.76 million tonnes in the previous kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/oVPqZSz

India's rabi crops sowing rises 4.4% led by wheat

Image
The increase in crop area is across all crops with the highest in wheat. Out of the 25.99 lakh hectares increase in all rabi crops, the increase in wheat area is 9.65 lakh hectares from 302.61 to 312.26 lakh hectares. ​Though the sowing of rabi crops is still under progress, the area brought under wheat this year (312.26) till 23-12-2022 is more than the normal rabi sown area (304.47) and the total sown area of last year (304.70). from Agriculture-Economy-News-Economic Times https://ift.tt/fPLhSG4

MSP can only guarantee stable price not best rate, says Niti Aayog member Ramesh Chand

Image
Speaking on the demand of farmer groups to make MSP a legal right, Chand noted that cultivators want it to get the best price for their produce and also to protect themselves from price fluctuations. from Agriculture-Economy-News-Economic Times https://ift.tt/sNhbn9I

Govt sees bright prospect of wheat crop; current temperature conducive for higher yields

Image
Like last year, there have been no reports of extreme temperatures from wheat-growing states so far. This augurs well for the crop prospects, he added. Farmers have brought more area under the wheat crop this year in anticipation of getting higher than the minimum support price (MSP) amid export demand, another ministry official shared. In the 2021-22 crop year, the domestic production fell to 106.84 million tonnes from 109.59 million tonnes in the previous year due to heatwaves in some of the producing states. from Agriculture-Economy-News-Economic Times https://ift.tt/NG8Tmr0

Delhi wheat prices hit record high

Image
Wheat prices had declined by close to 1% within a day in the previous week on rumours that the government may sell wheat in the open market. from Agriculture-Economy-News-Economic Times https://ift.tt/cn9HeXO

PMFBY number one crop insurance scheme globally in terms of farmers enrollment: Tomar

Image
Launched in 2016, the PMFBY provides for comprehensive risk insurance against crop damage due to non-preventable natural risks from pre-sowing to post-harvest for the crops/areas notified by the concerned state government. "The scheme has already become the number one crop insurance scheme in the world in terms of farmer applications enrolled. In terms of gross premium, the scheme is the 3rd largest in the world," Tomar said. from Agriculture-Economy-News-Economic Times https://ift.tt/CDUdoIc

1,260 mandis onboarded on eNAM in 25 states/UTs so far: Narendra Singh Tomar

Image
In his written reply to the Lok Sabha, Agriculture Minister Narendra Singh Tomar said: "As on November 30, 2022, 1,260 mandis of 22 States and 3 UTs have been integrated with e-NAM platform." from Agriculture-Economy-News-Economic Times https://ift.tt/6faDCJO

India set to offer wheat to flour millers, biscuit makers to tame prices: Sources

Image
Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output. from Agriculture-Economy-News-Economic Times https://ift.tt/zbeyM6V

Fall in local prices, rupee depreciation drive oil meal exports up by 150% in Nov: SEA

Image
India exported 4,07,193 tonnes of oilmeal in November 2022 as compared to 1,63,057 tonnes of exports in November 2021. The overall export of oilmeals during the six months from April to November is reported at 23,92,026 tonne as compared to 15,96,870 tonnes, up by 50%. from Agriculture-Economy-News-Economic Times https://ift.tt/OnvI0su

India's y-o-y sugar production till Dec 15 up by 5.1%, says ISMA

Image
The sugar till December 15 in 2022-23 sugar season is 82.1 lakh tonnes, against 77.9 lakh tonnes produced during the corresponding period of previous year, up by 4 lakh tonnes. The sugar production figures are before diversion of sugarcane juice for ethanol production. from Agriculture-Economy-News-Economic Times https://ift.tt/HtkX2Ag

Commerce ministry may engage with Niti Aayog to rework draft bills on tea, coffee, 3 others

Image
Niti Aayog has given its views on the drafts of Spices (Promotion and Development) Bill, 2022; Rubber (Promotion and Development) Bill, 2022; Coffee (Promotion and Development) Bill, 2022; Tea (Promotion and Development) Bill, 2022 and Tobacco Board (Amendment) Bill, 2022. The ministry had earlier also conducted stakeholder consultations on these drafts to address their concerns. from Agriculture-Economy-News-Economic Times https://ift.tt/Wt5sERq

Centre says sufficient grain stocks available to meet demands

Image
About 159 lakh tonne of wheat and 104 lakh tonne of rice will be available as on January 1, 2023, which is well above the respective buffer norms requirement of 138 lakh tonne of wheat and 76 lakh tonne of rice as on January 1. from Agriculture-Economy-News-Economic Times https://ift.tt/J3WNRyM

Wheat stockpiles above buffer stock norm as of Oct, says Piyush Goyal

Image
It dips to the lowest on April 1 as accumulated stocks get released for beneficiaries of government schemes ahead of the new crop coming in. from Agriculture-Economy-News-Economic Times https://ift.tt/SUtncgz

Wheat sowing up 3 pc so far this rabi season at 286.5 lakh hectare; oilseeds area up 8 pc

Image
Increase in wheat sowing area may lead to higher production provided the weather remains conducive for growth of this crop. The domestic production of wheat fell to 106.84 million tonne in 2021-22 crop year (July-June) from 109.59 million tonne in the previous year due to heat wave in some of the producing states. from Agriculture-Economy-News-Economic Times https://ift.tt/OkmrxhV

Budget may provide funds to encourage agri startups

Image
“These agritech startups can build a more resilient agricultural ecosystem, support farmers with small holdings and impart knowledge about best practices. Therefore, they need to be encouraged,” said a senior government official without wanting to be identified. from Agriculture-Economy-News-Economic Times https://ift.tt/9YjyHfJ

Sugar millers wait for price to firm up before fulfilling export quota

Image
Export prices have come down by about 3-4% from their peak, after India allowed shipments starting November 5 following a fall in global sugar futures prices. Although the current export prices are still higher than the domestic market prices by 12-13%, millers are in a wait-and-watch mode as there are still five and a half months left to export the allocated quota. from Agriculture-Economy-News-Economic Times https://ift.tt/fEsFacj

Paddy procurement for central pool up 13% at 38 million tonnes till December 11

Image
The data indicates that this year, the government is actively procuring paddy to fill up its stocks, said Tarun Satsangi, assistant general manager at Origo Commodities, which focuses on commodity supply chain, post-harvest management, trade and finance. from Agriculture-Economy-News-Economic Times https://ift.tt/I9bKShX

Wheat sowing up 25 pc so far this rabi season at 255.76 lakh hectares; oilseeds acreage up 9 pc

Image
Higher area has been reported from Uttar Pradesh (20.09 lakh hectares), Madhya Pradesh (13.48 lakh hectares), Rajasthan (5.32 lakh hectares), Gujarat (2.61 lakh hectares), Maharashtra (2.43 lakh hectares), Bihar (2.24 lakh hectares), Punjab (1.32 lakh hectares) and Haryana (1.28 lakh hectares). from Agriculture-Economy-News-Economic Times https://ift.tt/leuicas

Bulk tea prices seen higher amid supply hit, ICRA says

Image
The economic crisis in Sri Lanka has led to a production loss in the island nation, the largest exporter of orthodox (ODX) tea globally. This has kept the supply tight in the international market in CY2022, which not only led to higher volumes of export from India but also drove the prices of ODX tea in the domestic market upward. from Agriculture-Economy-News-Economic Times https://ift.tt/1XCDSje

Agriculture sector remains resilient; Rabi sowing got off to a strong start: RBI

Image
India's total kharif crop production is estimated to moderate to 149.92 metric million tonnes (MMT) from 156.04 MMT in the previous kharif crop year, as per the first advance estimate. On the supply side, Das said, "The agricultural sector remains resilient. Rabi sowing got off to a strong start. The area sown so far is 6.8 per cent higher than the normal sown area (as on December 2, 2022)". from Agriculture-Economy-News-Economic Times https://ift.tt/qGAXnDe

India will steer celebration of International Millet Year 2023, says Prime Minister Modi

Image
The Prime Minister's message was conveyed at the opening ceremony for the International Year of Millets (IYM) - 2023 organised by Food and Agriculture Organization (FAO) of the United Nations in Rome, Italy, according to an official statement. from Agriculture-Economy-News-Economic Times https://ift.tt/y1NDOvH

Wheat output likely to rise by 5 MT this year: Gyanendra Singh

Image
India is likely to produce 112 million tonnes of wheat during the harvest period, which will be 5 million tonnes more than last year, he added. "This year, farmers have used new seeds, which have better tolerance to heat and are high yielding in nature," Singh said, adding the new varieties are DBW 187, DBW 303, DBW 222, DBW 327 and DBW 332. from Agriculture-Economy-News-Economic Times https://ift.tt/Y0m1bGH

Take India’s millets story global: Piyush Goyal

Image
The United Nations has designated 2023 as the 'International Year of Millets'. Goyal said that millets will help resolve the global problem of malnutrition and take affordable food to parts of the world faced with food security issues. Besides being healthy, he said, they use less carbon to be produced, can also be an intermittent produce and millet hay works as fodder for animals. from Agriculture-Economy-News-Economic Times https://ift.tt/ox0hYG6

Wheat prices may touch a fresh high in few days

Image
“The current wheat prices are the highest ever recorded. During the past four months, prices have gradually increased from `23/kg to Rs 29/kg,” said Rajesh Jain Paharia, a Delhi-based exporter of wheat. from Agriculture-Economy-News-Economic Times https://ift.tt/QgIKZWs

Indian missions to be roped in for branding, promotion of domestic millets

Image
The ministry is also organising a 'Millets Smart Nutritive Conclave' on Monday wherein stakeholders of the supply chain such as Farmer Producer Organisations, startups, exporters, producers of millet-based value-added products are participating, it said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/DQUizXK

Natural farming to be included in agricultural curriculum, says minister Narendra Singh Tomar

Image
The union minister informed that 100 per cent natural farming is being done in Dang district of Gujarat. In Himachal too, farmers are fast moving in this direction. Madhya Pradesh has planned it in 5,000 villages. from Agriculture-Economy-News-Economic Times https://ift.tt/hlkRWrt

Sugar production marginally up at 47.9 lakh tn in Oct-Nov: ISMA

Image
In a statement, Indian Sugar Mills Association (ISMA) said that production of sweetener till 30th November in the current 2022-23 marketing year is 47.9 lakh tonnes as against 47.2 lakh tonnes in the corresponding period of the last year. from Agriculture-Economy-News-Economic Times https://ift.tt/560aizg

Farmers paid Rs 1.25 lakh crore as claims till Oct 31: Government

Image
"In the last 6 years, Rs 25,186 crore have been paid by farmers as the premium, wherein Rs 1,25,662 crore have been paid to the farmers against their claims as on October 31, 2022 with Central and state governments bearing most of the premium under the scheme," an official statement said, while clarifying on reports that a paltry sum of insurance claims being paid to the farmers in certain districts of Maharashtra. from Agriculture-Economy-News-Economic Times https://ift.tt/7eHQ5pT

Tomato, onion growers in tears following price crash in Karnataka

Image
According to Manjunath, a wholesale vegetable dealer in KR Market here, tomatoes are being sold from Rs 5 to Rs six per kg in the wholesale market while in retail, the prices are between Rs 8 and Rs 12 per kg. The Kolar district fruits and vegetable growers struggle committee president Neelaturu Chinnappa Reddy has demanded that the government announce minimum support price for onions, potatoes and tomatoes. from Agriculture-Economy-News-Economic Times https://ift.tt/M9RlsqY

TCI begins next phase of its project to support India's smallholder farmers

Image
The centerpiece of this effort is the further development of TCI’s database for Indian FPOs within the FPO hub of its Center of Excellence in New Delhi, a web-based platform that empowers FPOs, researchers and other stakeholders to access comprehensive information on thousands of FPOs launched in 2021 in India. from Agriculture-Economy-News-Economic Times https://ift.tt/Sl0UiuW