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Showing posts from January, 2023

Economic Survey shows agribusiness has strong potential for growth, say experts

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They also added there is a need to give a fresh fillip to the development of storage and agri warehousing facilities which so far is largely fragmented with the majority of warehouses owned by traders/processors involved in agriculture trade. from Agriculture-Economy-News-Economic Times https://ift.tt/5LKbpBs

Indian farm sector performed well, but needs re-orientation: Eco Survey

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Stating that the performance of the agriculture sector remains critical to growth and employment in the country, the Survey said investment in the sector must be encouraged through an affordable, timely and inclusive approach to credit delivery. from Agriculture-Economy-News-Economic Times https://ift.tt/LtuqrX4

Is India in step to develop a sustainable agricultural future as envisioned in COP27?

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Building sustainable farming practices and farmer resilience remains a highly sought after and yet difficult to achieve goal for India, despite extensive farmer awareness. Simple measures such as bringing large parts of the nation under micro irrigation have itself proven to be a challenge. from Agriculture-Economy-News-Economic Times https://ift.tt/ajsgYUr

WayCool announces partnership with UPL Sustainable Agri Solutions

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Food and agri-tech platform WayCool on Monday announced its strategic partnership with UPL Sustainable Agri Solutions Limited, a leading player in crop protection solutions. The alliance seeks to provide holistic crop protection products to increase crop yield whilst also offering comprehensive agronomic advisory services to farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/XqYIcDs

India safeguarding farm subsidy, says Narendra Tomar on G20 sidelines

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Union Minister for Agriculture Narendra Tomar on Monday said interest to safeguard the support extended to the agricultural sector in form of subsidy by the government will be protected in the G20 deliberations being held under India's presidency. from Agriculture-Economy-News-Economic Times https://ift.tt/UimOZrx

Rain threatens cane supply, forcing Indian sugar mills to close early

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The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said. from Agriculture-Economy-News-Economic Times https://ift.tt/E9v6SOz

Government should hike assistance under PM-KISAN, give tax sops for agritech startups: Industry

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Edible oil industry body SEA has demanded that a national mission should be launched to increase oilseeds production and reduce imports of cooking oils. from Agriculture-Economy-News-Economic Times https://ift.tt/0FTmSGd

What the Budget can do to boost India's rural economy

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​​One of the key pillars of domestic growth, viz rural economy has been severely impacted in recent times due to myriad reasons highlighted below. To counter the economic hardships that the rural economy has faced over the last two years, we believe rural economy is likely to remain a focal point of the Budget 2023-24. from Agriculture-Economy-News-Economic Times https://ift.tt/iEUZoPX

Union Budget 2023: Abolition of GST & mandi tax among requests from the agritech sector

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The agritech sector wants the Union Finance minister to abolish the GST and mandi tax on agricultural produce brought from Farmers Producer Organisations (FPOs) and provide incentives or schemes for new crop and technology adoption by farmers from Agriculture-Economy-News-Economic Times https://ift.tt/5ROz9VB

Need farm sector income at more than 24% of GDP to realise 'AtmaNirbhar Bharat' dream: Gadkari

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"Our agriculture and allied sector income is 12 per cent of the GDP, manufacturing sector income is 22 to 24 per cent, and service sector is 52 to 54 per cent. I have come here to say that till the time this 12 per cent (of agriculture and allied sectors) does not go beyond 24 per cent, there are difficulties in making 'AtmaNirbhar Bharat'," he said. from Agriculture-Economy-News-Economic Times https://ift.tt/5OdBPAv

FCI to start e-auction of 25 lakh tonne wheat to bulk buyers from Feb 1

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State-owned FCI, which plans to sell 25 lakh tonne of wheat to bulk consumers, on Friday said that it will start a weekly e-auctioning from February 1 at a reserve price of Rs 2,350 per quintal plus freight cost. from Agriculture-Economy-News-Economic Times https://ift.tt/p67CWuy

Government's rice procurement likely to touch last year's level of 592 lakh tonnes

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While the target is 600 lakh tonnes, about 426 lakh tonnes of rice have already been procured till January 26 of this year as against 410 lakh tonnes in the year-ago period, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/mxOsz0E

Indian sugar mills to close early as rain hits cane supply, says government official

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The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said. from Agriculture-Economy-News-Economic Times https://ift.tt/wKlTDGc

Wheat prices may come down by Rs 5-6/kg: Flour millers on govt move to sell wheat in open market

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While wheat will be sold to bulk consumers like flour millers through e-auction, the FCI will offer wheat at Rs 23.50 per kg to public sector units/cooperatives/ federations, Kendriya Bhandar/NCCF/NAFED for converting the grain to atta and offer it to the public at a maximum retail price (MRP) of Rs 29.50 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/2EFIXUD

Government to sell 30 lakh tonnes of wheat in open market to control surging prices

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In order to curb the rise in the price of wheat and wheat flour (atta), the government will sell 30 lakh tonnes of wheat on the open market from its buffer stock, sources revealed. Atta's average selling price has increased to about Rs 38 per kg. Wheat stocks will be sold to flour millers and traders among others. from Agriculture-Economy-News-Economic Times https://ift.tt/BVkJr9K

Record-high wheat prices may impact government buying

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For the FCI to buy enough wheat to ensure food security of the country, in the run-up to the 2024 general election, either the open market prices must decline substantially or the government would have to offer a hefty bonus above the MSP, said industry executives. from Agriculture-Economy-News-Economic Times https://ift.tt/mG9l5kq

Centre procures paddy, wheat worth over Rs 2.5 lakh crore in 2021-22 against Rs 98k crore in 2013-14

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"The central procurement of wheat and paddy has increased substantially between the 2013-14 and 2021-22 marketing seasons. The procurement has become broad-based and we are purchasing grains from more states now. MSP has increased significantly," said Subodh Singh, additional secretary in the food ministry. from Agriculture-Economy-News-Economic Times https://ift.tt/rZ7AanK

North Indian cold wave impacts two major Rabi crops in different ways

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“The cold wave in the first fortnight of this month has remained favourable for the wheat crop. According to our estimate, production will be 5 million tonnes more compared to last year,” said Dr Gyanendra Singh, director of Karnal-based ICAR-Indian Institute of Wheat and Barley Research (IIWBR). from Agriculture-Economy-News-Economic Times https://ift.tt/wIeXzM1

Walmart Foundation announces three new grants in the states of Madhya Pradesh and West Bengal

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In 2018, Walmart Foundation made a commitment to invest USD 25 million over a period of five years to support smallholder farmers in India to increase their income and improve livelihoods. By extending its support with additional funding to support ACCESS Development Services, SRIJAN, and ASA, Walmart Foundation hopes to help further strengthen the FPO ecosystem and transform the livelihoods of smallholder farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/ope1I3b

Agriculture Infrastructure Fund mobilises over Rs 30,000 crore for creation of post-harvest management infrastructure

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"Within two-and-a-half years of the implementation of the AIF, the scheme has mobilised more than Rs 30,000 crore for projects in the agriculture infrastructure sector with a sanctioned amount of Rs 15,000 crore under AIF," it added. from Agriculture-Economy-News-Economic Times https://ift.tt/eOyw7QS

Climate change: Punjab's cotton, maize yield to dip by 11-13% by 2050, says report

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The study published in the Mausam journal of the India Meteorological Department earlier this month used rainfall and temperature data collected between 1986 and 2020 to project the impact of climate change on five major crops -- rice, maize, cotton, wheat, and potato -- in the agrarian state. from Agriculture-Economy-News-Economic Times https://ift.tt/XQMYqyF

Budget 2023: Agritech sector seeks tax sops, cheaper credit

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Shortcomings in post-harvest infrastructure are often critical factors in determining how much food is lost in the supply chain. A lack of processing equipment, driers, cold chain facilities and storage often leads to the unnecessary loss of produce, said the executives. from Agriculture-Economy-News-Economic Times https://ift.tt/sSyP7vb

Rajasthan govt to rent out drones to farmers to help spray fertilisers, insecticides

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Principal Secretary, Agriculture and Horticulture, Dinesh Kumar said the use of artificial intelligence and drones for agricultural work is increasing all over the world and in the state also, the government is promoting the use of technology to enable farmers increase their income and yield. from Agriculture-Economy-News-Economic Times https://ift.tt/2jDYz8g

3 new co-ops to help boost exports, Seed availability

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"Many products produced by cooperatives have a huge demand in many countries, but in the absence of an umbrella cooperative society, the export potential of cooperative services remains hugely untapped," a senior government official said. from Agriculture-Economy-News-Economic Times https://ift.tt/UG2Pr5F

Wheat acreage up slightly at 341.13 lakh hectare so far this rabi season

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According to the latest data, the area under coverage for wheat has risen to 341.13 lakh ha till January 20 of the current rabi season of the 2022-23 crop year (July-June) against 339.87 lakh ha during the same period last year. from Agriculture-Economy-News-Economic Times https://ift.tt/kmitayu

Centre to institute special awards to promote natural farming, said MoS Kailash Choudhary

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"The awards will be given in three categories which will include award for individual farmer for best natural farming, award for agricultural scientists for research on natural farming and award for the Krishi Vigyan Kendra for promotion of natural farming," said Choudhary. from Agriculture-Economy-News-Economic Times https://ift.tt/jEpQ8x1

FCI to undertake open market sale for 2-3 MT wheat

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Till last year, the Centre used to sell excess wheat held by government agencies in the open market through tendering. It used to maintain continuous availability of the wheat in the market and also regulate prices during the lean season. from Agriculture-Economy-News-Economic Times https://ift.tt/XNeGJi9

Subsidy, PLI in agriculture industry's Budget 2023 wish list

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Some suggested higher allocation of funds to the rural employment guarantee scheme, saying that it would help increase cash flow to the rural economy. Rural demand has taken a beating across categories, including for FMCG and two-wheelers. Inflation has been hurting households and real wages have fallen - both resulting in sluggish rural spending. from Agriculture-Economy-News-Economic Times https://ift.tt/Wraz3s9

Need to increase production, processing of millet: Tomar

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The government has also set an agriculture credit target of Rs 18 lakh crore for this fiscal year and it is also promoting the use of technology and cluster farming. The UN declaration has been instrumental for the government to be at the forefront of celebrating the International Year of Millet. Prime Minister Narendra Modi has also shared his vision to make IYM 2023 a 'People's Movement' alongside positioning India as the 'Global Hub for Millets'. from Agriculture-Economy-News-Economic Times https://ift.tt/XujUSt2

Indian farmers need to shift from rice to millet cultivation to reduce high water consumption, says Amitabh Kant

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Kant noted that the private sector needs to play a key role in making millet the superfood of India. "All Poshan Abhiyan schemes should only give millets," former Niti Aayog CEO said. In 2018, the Centre launched its flagship programme, the Poshan (Prime Minister's Overarching Scheme for Holistic Nourishment) Abhiyaan to draw national attention to and take action against malnutrition in a mission mode. from Agriculture-Economy-News-Economic Times https://ift.tt/Can0DSh

Small farmers must get irrigation, fertilisers, secure market at lower cost to transform food systems: R K Singh

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Speaking at a panel discussion at the World Economic Forum Annual Meeting 2023 here, Singh said India is helping farmers reduce their carbon footprint with solar water pumps and green ammonia. He said India is providing millions of solar water pumps to farmers, and will soon produce enough green ammonia to stop imports of ammonia-based fertilisers, which form a big chunk of its import bills. from Agriculture-Economy-News-Economic Times https://ift.tt/DqWZrXn

Adverse weather hits Indian cane crop and curtails sugar output

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"Excessive rainfall and cloudy weather in September and October curtailed sugar cane's vegetative growth. Cane yields are lower than the last year," Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd, told Reuters. from Agriculture-Economy-News-Economic Times https://ift.tt/evp2Bn5

India's sugar output increases 4% from Oct 1-Jan 15, hits 15.7 million tonnes

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India's sugar production grew by nearly 4 per cent since the current season began last October, an industry body said in a statement on Tuesday. This can be attributed to increased operation of more mills in the country. from Agriculture-Economy-News-Economic Times https://ift.tt/CxEjFr9

India among countries evolving food systems for bigger gains for farmer-allied SMEs, says WEF study

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The WEF listed India, Ghana and Vietnam as among the countries that have been able to evolve their food systems by unlocking the potential of SMEs, particularly those that are farmer-allied and operating in local food chains. from Agriculture-Economy-News-Economic Times https://ift.tt/DwZVSLK

200 years and counting, Assam's tea industry continues glory run

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Renowned globally for its richly coloured and aromatic tea, Assam, the country's largest tea producer provides livelihood to millions with many others directly or indirectly dependent on the plantation sector. Assam now produces nearly 700 million kg of tea annually and accounts for around half of India's overall tea production. The state also generates annual foreign exchange earnings estimated at an equivalent to Rs 3,000 crore. from Agriculture-Economy-News-Economic Times https://ift.tt/k1Tplga

CAI lowers cotton crop estimate to 330.50 lakh bales for 2022-23 season

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Except for Gujarat, where the output is likely to remain flat, the cotton-growing states are expected to witness a decline in production, the CAI added. The total cotton supply in October-December 2022 is estimated at 116.27 lakh bales, which consists of the arrivals of 80.13 lakh bales, imports of 4.25 lakh bales and the estimated opening stock of 31.89 lakh bales. The CAI has estimated cotton consumption for October-December 2022 at 65 lakh bales while the export shipments up to December 31, 2022, are estimated at 2 lakh bales. from Agriculture-Economy-News-Economic Times https://ift.tt/PlGHVAE

Sugar production of Maharashtra to fall by 6-7% on year, may put break on more exports

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Maharashtra had produced 138 lakh tonnes of sugar in the 2021-22 season, a record in the state's history. The state, which accounts for more than one third of the country’s sugar production, was looking to break this record in the current season due to equally high planting of sugarcane. However, as the crushing season is half over, it has become clear that the sugar production will be lower than the previous year. from Agriculture-Economy-News-Economic Times https://ift.tt/EdwnuUF

Maharashtra sugar output set to decline 6-7%

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Maharashtra had produced 138 lakh tonnes of sugar in the 2021-22 season, a record in the state's history. The state, which accounts for more than one third of the country's sugar production, was looking to break this record in the current season due to equally high planting of sugarcane. However, as the crushing season is half over, it has become clear that the sugar production will be lower than the previous year. from Agriculture-Economy-News-Economic Times https://ift.tt/MAp2lW3

FSSAI releases comprehensive standards for identification of basmati rice

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Basmati rice should have a natural fragrance characteristics of basmati rice and there should be no artificial colouring, polishing agents and artificial fragrances. from Agriculture-Economy-News-Economic Times https://ift.tt/D9YcJ6o

India wheat output likely to cross 112 million tonnes in 2022-23: Govt source

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"We've reviewed the crop situation and the current cold wave condition is quite favourable for the wheat crop," the source, who didn't wish to be identified in line with official rules, said. from Agriculture-Economy-News-Economic Times https://ift.tt/VLZNFts

Sale of sugar above monthly quota pulls down sugar prices by 1.5-2% allege traders

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The central government fixes a sale quota for sugar mills every month to check excess supply and the resultant fall in prices, which had earlier led to delays in payment of cane dues to farmers. "Many sugar mills are selling sugar much above their monthly quota for various reasons,” a trader from Maharashtra said on the condition of anonymity. “Some have been servicing loans at exorbitant interest rates, while some mills do not want to carry forward huge stocks after the crushing season is over." from Agriculture-Economy-News-Economic Times https://ift.tt/BjbdYhx

Niti Aayog preparing index for agri transformation now

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A senior government official told ET that the Agriculture Transformation Index is likely to measure the performance of states across seven pillars - inputs, sustainability, productivity and diversification, policy, preservation, processing and exports, and farmers' income and welfare. from Agriculture-Economy-News-Economic Times https://ift.tt/1bxGFY3

From revenue sharing to price adjustments, here's what the sugar industry expects from budget 2023

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from Agriculture-Economy-News-Economic Times https://ift.tt/koOKB1s

Wheat prices stay firm as stockists hold on to grain

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The wholesale price of wheat has for the past one month been firm at around Rs 28.50 a kilogram, 40% above the minimum support price, as stockists prefer to hold on to their stocks expecting further increase. from Agriculture-Economy-News-Economic Times https://ift.tt/j1MAIFH

AISTA pegs India's 2022-23 sugar production lower by 3.6%

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According to AISTA, the sugar production of Maharashtra in ongoing 2022-23 season will be 12.4 million tonnes against 13.7 million tonnes in the previous year. Sugar production of second largest producer Uttar Pradesh has been pegged at 10.5 million tonnes against 10.2 million tonnes in the previous year. from Agriculture-Economy-News-Economic Times https://ift.tt/M7mpWNh

Farm reforms pending in India since 1991; China implemented long back: EAC-PM chief

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The reforms undertaken in India in 1991 were pertaining to external factors and industrial liberalisation, and were not related to agriculture, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/bygWt86

Farm reforms pending in India since 1991; China implemented long back: PMEAC chief

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Currently, agriculture has become unviable and even its share of the country's GDP is declining by 1 per cent per year even as a large percentage of the population is still dependent on this sector for their livelihood, he added. from Agriculture-Economy-News-Economic Times https://ift.tt/YBwVEs4

Centre working to develop agri sector in NE: Narendra Singh Tomar

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"Giving importance to agriculture in bringing about development and security of livelihood in the northeast, farming activities are being strengthened through agricultural education and research," Tomar said. The minister said the Centre is working to ensure that the country's agricultural sector remains strong to be able to meet all challenges to make sure that there are sufficient food reserves at all times, an official communique said on Friday. from Agriculture-Economy-News-Economic Times https://ift.tt/gtMcABd

Budget 2023: Marginal farmers better off with PMKISAN but rural mandis key for growth, says Siraj Hussain

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from Agriculture-Economy-News-Economic Times https://ift.tt/asJdX3i

Govt's paddy procurement rises 10 pc to 541.90 lakh tonne so far

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The actual procurement stood at record 759.32 lakh tonne in the previous kharif marketing season. According to official data, the total paddy purchase increased to 541.90 lakh tonne till January 3 of the 2022-23 kharif marketing season from 494.50 lakh tonne in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/Ut9KDV0