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Showing posts from February, 2023

Onion prices will stay depressed till mid-March: Experts

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Independent farm sector analyst Deepak Chavan told PTI that there are a variety of reasons for the current spate of troubles which has led to panic selling by farmers as the shelf life of the late kharif harvest is too small, and called for government intervention. from Agriculture-Economy-News-Economic Times https://ift.tt/Fs8mDIV

Government looks to integrate 100 more interstate mandis with e-NAM

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E-NAM, which was launched in April 2016, is being implemented by the Small Farmers Agribusiness Consortium, a central government agency, with the support of state governments. Since its inception, the minister said, about Rs 649.87 crore had been released for the integration of mandis with the e-NAM platform, the minister had said. from Agriculture-Economy-News-Economic Times https://ift.tt/iVCzOsm

Wheat prices may go below MSP as arrivals begin in Gujarat, MP

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Prices are expected to go below the minimum support price (MSP) by mid-March, when arrivals will pick up further. Meanwhile, Food Corporation of India (FCI) has called a meeting of wheat growing states on March 1 to take a call on starting procurement operations for the 2023-24 rabi marketing season. It is expected to consider an early beginning of the procurement operations. from Agriculture-Economy-News-Economic Times https://ift.tt/31p2WGi

Wheat growers fear crop loss as temperature hits above-normal range

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While the maximum temperatures in Punjab and Haryana have been hovering above normal limits for several days, minimum temperatures too had registered an increase. But for the past two-three days, the minimum temperatures have been hovering close to normal range. from Agriculture-Economy-News-Economic Times https://ift.tt/MCkpKi1

The agriculture budget has increased; we have now over 3,000 agri startups: PM Modi

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from Agriculture-Economy-News-Economic Times https://ift.tt/RNAI1Jt

Centre working to increase production of oil seeds and pulses, reduce import dependence, says Prime Minister Modi

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​Modi also talked of the Union Budget's focus on agri-tech and creating funding avenues for entrepreneurs in the agriculture sector​. ​"The number of agri-startups in India has increased from negligible in 2014 to over 3,000 now," he added. from Agriculture-Economy-News-Economic Times https://ift.tt/F79BTRu

Wheat crop in good condition; government's procurement to be normal: FCI Managing Director Ashok K Meena

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"Area sown to wheat is higher than last year. The current condition of wheat crop is very good. Our procurement should be normal at 300-400 lakh tonne in 2023-24," Meena said in a press conference. The wheat procurement had declined last year due to a fall in domestic production and higher exports, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/lzwiJQV

Power woes in Punjab may hurt wheat output

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Gurbakhshish Singh, a farmer from Bimbar near Nabha town in Punjab said, "This year temperatures have started rising in February unlike last year when they had soared in March. We did not get enough rainfall this year. All that a farmer can do now is to increase the frequency of irrigation and spray potassium nitrate." from Agriculture-Economy-News-Economic Times https://ift.tt/K3uifCm

Rising temperatures cast shadow on wheat production and prices, says CRISIL

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“In Uttar Pradesh, which accounts for about 30% of India’s wheat production, the eastern part is expected to have relatively good yields on-year because of timely sowing after harvest of kharif paddy. On the other hand, western UP could see a marginal decline due to late sowing — majorly in the sugarcane belt — if high temperatures persist in March,” said CRISIL. from Agriculture-Economy-News-Economic Times https://ift.tt/zaUHOnQ

No cause of concern for wheat crop if temp prevails below 35-degree C in mid-March: IARI

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Speaking with PTI, Indian Agricultural Research Institute (IARI) Director A K Singh said: "The IMD (India Meteorological Department) has forecast that temperature would remain 2-degree celsius above normal but below 35-degree celsius till the first fortnight of March. A below 35-degree celsius temperature is not a concern for the wheat crop." from Agriculture-Economy-News-Economic Times https://ift.tt/UYtZeva

Indian farmers being extra cautious with their wheat crops after last year's lessons

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Several parts of the country are witnessing unusually warm weather for this time of the year, including in the biggest wheat-growing areas. The plants are reaching maturity or close to flowering, making them very sensitive to heat. High temperatures can result in output losses, the weather office has warned. from Agriculture-Economy-News-Economic Times https://ift.tt/fOcT1gx

Rice exporters see surge in demand from global buyers

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The government had imposed the duty on September 9 last year to contain the domestic price rise. Area under kharif fell 5.62% to 38.39 million hectares in last year's season due to poor rains in some states including UP, Bihar, Jharkhand, West Bengal. from Agriculture-Economy-News-Economic Times https://ift.tt/aNEQFRu

New wheat crop arrivals start in many states

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The daily arrival of wheat in the mandis has ranged between 300-500 bags and is expected to increase in the next fortnight. from Agriculture-Economy-News-Economic Times https://ift.tt/fzyant3

Govt's paddy procurement crosses 700 lakh tonne mark in current year

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The paddy procurement is undertaken by both state-owned Food Corporation of India (FCI) and private agencies. The paddy is procured at the minimum support price (MSP) directly from the farmers and is utilised for meeting the demand under several welfare schemes. from Agriculture-Economy-News-Economic Times https://ift.tt/evq4CRL

Wheat crop reaches vegetative phase in MP, parts of Punjab and Haryana

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Wheat crop has reached the maximum vegetative stage in Madhya Pradesh, parts of Punjab and Haryana, according to the Mahalanobis National Crop Forecast Centre (MNCFC). Whereas in eastern Uttar Pradesh and Bihar, wheat crop is yet to reach the maximum vegetative phase due to delay in sowing, it said in its latest report. from Agriculture-Economy-News-Economic Times https://ift.tt/jcMVSIl

Farmers move NCLT over Bajaj Sugar insolvency process

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The country's largest sugar manufacturer helmed by Kushagra Bajaj is facing an insolvency lawsuit from the state-owned bank. from Agriculture-Economy-News-Economic Times https://ift.tt/vise0c9

India's sugar output could fall further as cane matures early

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India is set to produce lesser sugar than previously estimated by industry bodies and government agencies, with the cane crop maturing early and losing weight due to weather conditions in key growing regions, farmers and traders told Reuters. from Agriculture-Economy-News-Economic Times https://ift.tt/GkmO4NS

Government sets up committee to monitor impact of rise in temp on wheat crop

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The committee, to be headed by the Agriculture Commissioner, will also have members from Karnal-based Wheat Research Institute and representatives from major wheat growing states, he added. The Secretary, however, said there won't be an impact of rise in temperature on early-sown varieties and even heat resistant varieties have been sown in large areas this time. from Agriculture-Economy-News-Economic Times https://ift.tt/SUg1C5o

Maha sugar production to fall from 137 lakh tonnes in 2021-22 to 124 lakh tonnes in 2022-23 due to rains

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"The crushing season will be over early when compared to last year. In the last crushing season, the factories worked till the start of monsoon. Now, it will work till April end. A total of 199 factories are currently operational in the state," he added. The crushing in Satara, Sangli, Kolhapur districts will be over by March end and by April end in factories in Marathwada, Gaikwad said. from Agriculture-Economy-News-Economic Times https://ift.tt/N6SBvfP

Ragi to riches: India’s new millet campaign is about how the grain is good for people and planet

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Millet is no longer promoted as mota anaj; instead, it will be called shree anna or nutri cereal, a superfood high in iron and calcium. The resilient grain also fits in well with the current global climatic concerns – it consumes little water, has low carbon footprint and grows in arid conditions. from Agriculture-Economy-News-Economic Times https://ift.tt/n5ml1zG

Heat to damage wheat crop, warns Indian Institute of Wheat & Barley Research

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It said in case of a sudden rise in temperature, farmers should use light irrigation and spray potassium on the wheat plant to reduce the damage. But watering the plants should be stopped if there is strong wind, as the crop may fall otherwise, causing more damage. from Agriculture-Economy-News-Economic Times https://ift.tt/4dKBFfl

Govt further cuts reserve price of FCI wheat to Rs 2,150 per quintal for bulk users to check prices

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States are allowed to purchase wheat from FCI for their own scheme at above proposed reserve prices without participating in e-auction, it added. On February 10, the ministry had done away with freight charges and kept the reserve price of FCI wheat uniformly at Rs 2,350 per quintal to bulk users pan-India through e-auction. from Agriculture-Economy-News-Economic Times https://ift.tt/RdUaJmN

Heat a concern for wheat crop: Skymet

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Wheat is mainly grown in Uttar Pradesh, Haryana, Punjab, Maharashtra, Bihar, Madhya Pradesh, and Chhattisgarh. The crop is planted in October and November, and harvests mostly take place during April and May. from Agriculture-Economy-News-Economic Times https://ift.tt/3P28CaK

Two lakh agriculture credit societies, fishery-dairy cooperatives to be set up

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The ministry of cooperation has formulated a plan to establish viable PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives in each coastal panchayat/village as well as panchayat/ village having large water bodies, an official statement said. from Agriculture-Economy-News-Economic Times https://ift.tt/ODrVGRv

G-20 members stressed on increasing climate finance to help farmers take up adaptation measures, says Agriculture Secy

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The member countries also suggested that farmers can be incentivised if they are adopting climate friendly farming or green agriculture. One of the ways was carbon credit, he said. The G20 nations also shared their experience on the impact of climate change in agriculture, he added. Climate smart agriculture was one of the four priority areas discussed in the first Agriculture Deputies Meeting. from Agriculture-Economy-News-Economic Times https://ift.tt/37264pS

Govt to decide on raising sugar export quota in March after assessing output estimate: Food Secretary

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Recently, Indian Sugar Mills Association (ISMA) said that sugar production is estimated to fall 5 per cent in the current marketing year to 340 lakh tonnes as more quantity of sugarcane juice is being diverted for the production of ethanol. Sugar production stood at 358 lakh tonnes in the 2021-22 marketing year. from Agriculture-Economy-News-Economic Times https://ift.tt/B9SeVYD

Wheat output seen rising 5%

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The production of rice is expected to increase marginally to 130.83 MT. India's overall production of foodgrains is estimated to be 322.55 MT, with an expected record production of rice, wheat, maize, gram, pulses, rapeseed and mustard. from Agriculture-Economy-News-Economic Times https://ift.tt/fy5RQTr

Wheat production estimated to touch new record of 112.18 million tonnes in 2022-23 crop year: Govt

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Wheat production had declined marginally to 107.74 million tonnes in the previous year due to heat wave in some states. from Agriculture-Economy-News-Economic Times https://ift.tt/j4fnLyR

Drone use not limited to pesticide spraying; tremendous scope in organic, natural farming too: Govt

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India's aim is to become a global hub for drones by 2030, for which an industry friendly policy including the Production Linked Incentive Scheme (PLI) is in place, he added. from Agriculture-Economy-News-Economic Times https://ift.tt/GvOwuQW

India appeals to G20 nations to adopt '3S' formula in agriculture for tackling food security concerns

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The 3S strategy is 'smart' and 'sustainable' agriculture which should 'serve' all, he said. For smart agriculture, Scindia emphasised on adopting drone and other new technologies for increasing the crop yield. For sustainable agriculture, farmers should focus on achieving higher yields, use better inputs besides focusing on advanced technologies and marketing, he said. from Agriculture-Economy-News-Economic Times https://ift.tt/2MlNypK

Farmers stare at loss as potato prices halve amid glut in UP, Punjab, Bengal

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Sowing of potatoes usually begins in November, while the crop is harvested the following January. Uttar Pradesh, the largest producer of the tuber, has witnessed a 15% increase in production in the latest crop season compared with a year earlier, when the state had produced 15.5 million tonnes of potatoes. from Agriculture-Economy-News-Economic Times https://ift.tt/aZJuxgd

Millets to increase income of small and marginal farmers: Govt

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The year 2023 has been declared by the United Nations as the International Year of the Millet, following a proposal by India, which wants to position itself as a global hub for millets. Several initiatives are being undertaken in this regard. from Agriculture-Economy-News-Economic Times https://ift.tt/4t6pDRX

Guidelines for farmers' subsidy to be revised: Shobha Karandlaje

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Karandlaje said her ministry has sent a proposal on raising the minimum import price of arecanut to the directorate general of foreign trade (DGFT). The DGFT will forward the same to the Commerce Ministry which will take a final decision. The central arecanut and cocoa marketing and processing cooperative (CAMPCO) president A Kishore Kumar Kodgi, in his speech, requested the union government not to allow import of arecanut as it will adversely affect the domestic market. from Agriculture-Economy-News-Economic Times https://ift.tt/ukHQ75K

Govt slashes wheat reserve price to reduce flour price

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To reduce the price of wheat and atta, the Department of Food & PD, in consultation with Ministry of Finance on Friday decided that the reserve price for sale of wheat under OMSS will be Rs 2350/Qtl (Pan India) for FAQ and Rs. 2300/Qtl (Pan India) for URS wheat of all crops including RMS 2023-24 without adding any transportation cost component. from Agriculture-Economy-News-Economic Times https://ift.tt/Itra20D

ADB approves $130 million loan for promoting horticulture in Himachal Pradesh

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"Improving subtropical horticulture in the state offers a lot of economic opportunities to farmer households. Supporting horticulture value chains will also boost the subsector's contribution to the country's development and food security," Kim said. from Agriculture-Economy-News-Economic Times https://ift.tt/BcZrhp1

Government may reduce reserve price of wheat auction from Rs 2,350 to Rs 2,200 per 100 kg

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Thirty lakh million tonnes of wheat has been offered for sale from the first week of February under OMSS and first tenders were floated by the Regional Offices of Food Corporation of India (FCI) on January 25, 2023. The auction started in tranches by February 1. from Agriculture-Economy-News-Economic Times https://ift.tt/qlka4ZJ

Basmati rice sales to cross Rs 50,000 crore this fiscal, says Crisil

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"Next fiscal, however, sales will decline by 5-7% as basmati rice realisation is expected to soften with anticipated increase in paddy acreage, leading to higher supply. The volume demand is expected to remain stable at ~6.8 million tonne," Crisis added. from Agriculture-Economy-News-Economic Times https://ift.tt/Wf7mHKF

Govt efforts to double farmers' income yielded positive results: Agri Min Narendra Tomar

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The government's efforts to double the income of farmers have yielded "very positive" results, Agriculture Minister Narendra Singh Tomar said in Parliament on Tuesday. The government had set up an Inter-Ministerial Committee in April 2016 to examine issues relating to "Doubling of Farmers' Income (DFI)" and recommended strategies to achieve the same. from Agriculture-Economy-News-Economic Times https://ift.tt/yMSH3nJ

India's wheat crop is in exceptionally good condition, says Gyanendra Singh, Director, ICAR-IIWBR

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In 2022, India's wheat output fell when a severe heat wave reduced production drastically, shrinking procurement, which fell to 18.792 MT in the 2022-23 marketing year from 43.444 MT in the previous year. After having initially encouraged exports at the beginning of 2022-23 wheat season, India had to ban outbound shipments because of reduced production. from Agriculture-Economy-News-Economic Times https://ift.tt/3ZEfziH

Assam tea planters flag effects of climate change, global warming

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Tea plantation is highly climate dependent. Climate change and global warming have adversely affected tea plantation in Assam for last few years. It has reached to such a level that without irrigation, tea plantations are finding it difficult to survive. Climate change is one of the top five challenges of the tea industry in Assam. from Agriculture-Economy-News-Economic Times https://ift.tt/ekTUDPV

Samunnati Agro Solutions links up with Germany-based company to develop crop strandards

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The GLOBALG.A.P. protocols are used as benchmarks for enabling international trade in agri commodities and are widely used by many of the biggest companies involved in cross-border trading of agricultural produce. By joining the GLOBALG.A.P network as an associate community member, Samunnati is keen to support development of standards for major staples such as cereals, pulses, and oilseeds, which are cultivated in large scale by hundreds of millions of farmers and are locally relevant. from Agriculture-Economy-News-Economic Times https://ift.tt/8UjJvXL

Exports of agri and allied products posted over 20 pc jump in FY21, FY22

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Exports of agricultural and allied products touched an all-time peak of Rs 3,74,611 crore during the last one year i.e. 2021-22, an increase of 20.79 per cent, according to a statement released by the ministry of agriculture and farmers welfare on Friday evening. from Agriculture-Economy-News-Economic Times https://ift.tt/TfDFgwq

Wheat prices fall over 10 pc in 7 days on selling of FCI wheat in open market: Government

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Wheat and wheat flour prices in the country have firmed up due to tight domestic supplies in the wake of a fall in domestic output. Under the OMSS policy, the government allows FCI to sell foodgrains, especially wheat and rice, at predetermined prices in the open market from time to time to bulk consumers and private traders. The purpose is to boost the supply during the lean season and moderate the general open market prices. from Agriculture-Economy-News-Economic Times https://ift.tt/2uFjVi8

US Congressmen want law against sugar subsidies, say countries like India give billions of dollars to support its inefficient sector

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Brazil provides direct and indirect subsidies of at least $ 2.5 billion/year and India at least $ 1.7 billion/year to support its inefficient sugar industry; Thailand has more than tripled its sugar exports since 2004 with $ 1.3 billion/year in subsidies and government price-fixing, said the two US lawmakers in the House of Representatives. from Agriculture-Economy-News-Economic Times https://ift.tt/yrh3TtA

Wheat processors pick 42% of wheat offered in FCI’s first tender

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Domestic wheat prices, which had crashed by more than 6% last week after the FCI's announcement that it would be selling the grain in the open market, are expected to decline further after the movement of wheat from the FCI warehouses starts, said wheat processors. from Agriculture-Economy-News-Economic Times https://ift.tt/KXuhZ8c

Kendriya Bhandar begins sale of wheat flour at lower rate of Rs 29.50/kg; Nafed, NCCF to start from Feb 6

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About 3 lakh tonne of wheat is being offered to these institutions without e-auction under the OMSS for converting the grain into atta and selling at Rs 29.50 per kg. Out of which, one lakh tonne each has already been allocated to Kendriya Bhandar and Nafed, respectively, while 50,000 tonne to NCCF. from Agriculture-Economy-News-Economic Times https://ift.tt/Jm8qVG5

Seed industry concerns not addressed in Budget: FSII

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FSII had made a representation for restoration of the 200 per cent income tax deduction of the research expenditure of seed industry. Kaundinya also said research investments by the private industry need to be stepped up in order to face the challenges of climate change, natural resource depletion, newly emerging pests and diseases and stagnant yields. from Agriculture-Economy-News-Economic Times https://ift.tt/wI4Ch9Q

Sugar production up 3.42 pc at 193.5 lakh tonnes in Oct-Jan of 2022-23: ISMA

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The country's sugar production rose 3.42 per cent to 193.5 lakh tonnes in the first four months of the ongoing marketing year ending September, on rise in output in key producing states, industry body ISMA said on Thursday. Sugar production stood at 187. from Agriculture-Economy-News-Economic Times https://ift.tt/40zTJOY

Budget 2023 gives Rs 968cr digitisation boost to connect, drive agriculture cooperatives

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The total cost for computerisation of PCAS is estimated at Rs 2,516 crore. The scheme aims to computerise PCAS, leading to an increase in its efficiency, profitability, transparency and accountability. from Agriculture-Economy-News-Economic Times https://ift.tt/mRldNXP

Agriculture gets credit boost, fund for startups in Union Budget 2023-24

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The finance minister has proposed to increase the agriculture credit for the next fiscal year to ₹20 lakh crore, with focus on animal husbandry, dairy and fisheries, from ₹18 lakh crore for FY23. The budget has also laid emphasis on the fisheries sector, with a new sub-scheme called the PM Matsya Sampada Yojana with a targeted investment of ₹6,000 crore. from Agriculture-Economy-News-Economic Times https://ift.tt/nQmtkYi