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Showing posts from May, 2023

Cabinet okays Rs 1 lakh cr to create grain storage capacity in cooperative sector

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The schemes identified under the Ministry of Food Processing Industries are the Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme (PMFME) and Pradhan Mantri Kisan Sampada Yojana (PMKSY). In the Ministry of Consumer Affairs, Food and Public Distribution, the programmes for the allocation of food grains under the National Food Security Act and procurement operations at Minimum Support Price (MSP) have been identified. from Agriculture-Economy-News-Economic Times https://ift.tt/oJZsadw

Assam government has decided to procure for the first time mustard seeds

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Assam chief minister Himanta Biswa Sarma said that procurement period will be between May 29, 2023 to August 26, 2023. “Individual farmers can sell up to 25 quintals of their Fair Average Quality produce per day having moisture content less than 8% and foreign matter less than 2%. Additional quantity can be sold on consecutive days. Beneficiary farmers to receive MSP within 3 working days of sale of stock directly in their bank accounts.” from Agriculture-Economy-News-Economic Times https://ift.tt/uQvAHx3

Modi cabinet approves world's largest grain storage plan with an investment of Rs 1 lakh crore

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from Agriculture-Economy-News-Economic Times https://ift.tt/xhyag2J

India approves world's largest food storage scheme in co-operative sector at the cost of Rs 1 lakh crore

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Under this scheme, a godown of a capacity of 2000 tonnes will be constructed in every block. An inter-ministerial committee will be formed for this. from Agriculture-Economy-News-Economic Times https://ift.tt/4Cvzk0u

Maharashtra farmers to get Rs 12,000 annually under 'Kisan Samman Nidhi', announces CM Shinde

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from Agriculture-Economy-News-Economic Times https://ift.tt/eL8rEJN

Will it rain on India’s parade? El-Niño on top of mind of businesses that have an eye on the countryside

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India’s rural heartland bets on the monsoon — forecast to be delayed, but normal, this year. But El Niño could play joker in the pack, and drag rural consumption down. from Agriculture-Economy-News-Economic Times https://ift.tt/Zpd65fA

Rice fortification pilots in India show drop in anaemia

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Four large-scale pilots in different parts of the country were done - three in the school lunch and one in the Integrated Child Development Scheme. These pilots effectively demonstrated that rice fortification could be rolled out through existing social assistance distribution systems and costs could be lowered through economies of scale, according to the UN. from Agriculture-Economy-News-Economic Times https://ift.tt/KigjkN7

India's summer crops sowing marginally lower at 70.3 lakh hectare

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The ministry's data showed that the sowing area under pulses and coarse cereals is higher year-on-year, while the acreage of rice and oilseeds is lower. Coming to pulses and coarse cereals, the area increased from 19.09 lakh hectares to 19.81 lakh hectares, and 11.56 lakh hectares to 12.01 lakh hectares, data showed. from Agriculture-Economy-News-Economic Times https://ift.tt/Apscb0e

Govt's rice procurement reaches 52.06 million tones so far; makes Rs 1.6 lakh crore MSP payment

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The Indian government has procured 52.06 million tonnes of rice since the start of the 2022-23 marketing season, benefiting 1.12 crore farmers with an MSP of Rs 1.6 lakh crore, according to the food ministry. The Centre has set a target to buy 62.60 million tonnes of rice during the current marketing season, and farmers have received MSP of Rs 2,040 per quintal for ‘common’ grade paddy and Rs 2,060 per quintal for ‘A’ grade paddy. from Agriculture-Economy-News-Economic Times https://ift.tt/kHNXlxr

Record 330.5 million tonne foodgrain estimated for 2022-23 crop year: Govt

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The assessment of the production of different crops is based on the feedback received from States and validated with information available from other sources. This assessment shall undergo further revision over successive estimates based on feedback and inputs. from Agriculture-Economy-News-Economic Times https://ift.tt/KReZCJE

Foodgrain output seen at record 330.5 MT in 2022-23

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India's foodgrain production is estimated to increase to 330.5 million tonnes in 2022-23, setting a new record compared to the previous year's 315.6 million tonnes. The Ministry of Agriculture & Farmers Welfare's third advance estimate projected a record production of wheat, rice, maize, nutri, and coarse cereals, sugarcane, and oilseeds. from Agriculture-Economy-News-Economic Times https://ift.tt/zukOatS

Centre signs agreement with 6 states to start digital crop survey

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The workshop deliberated on the implementation plan of the digital crop survey, advantages for various stakeholders, responsibilities of the central government. The workshop also emphasised on outcomes, expectation from states and support the Centre will provide for effective and successful implementation of digital crop survey. from Agriculture-Economy-News-Economic Times https://ift.tt/R8Mpsab

India's wheat output set to touch a new record of 112.74 mn ton in 2022-23: Govt data

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The country's wheat production is estimated to set a new record of 112.74 million tonne in the 2022-23 crop year (July-June), while the overall foodgrain output is also likely to be a record 330.53 million tonne, the Agriculture Ministry said on Thursday. from Agriculture-Economy-News-Economic Times https://ift.tt/kWhgs74

Himachal Pradesh aims to bring additional 30,000 acres of land under natural farming in FY24

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The agriculture department of Himachal Pradesh has set the target to bring an additional 30,000 acres of land under natural farming in 2023-24. So far, 1.59 lakh farmers in the state are practicing natural farming on around 50,000 acres of land, officials said. from Agriculture-Economy-News-Economic Times https://ift.tt/BRGK3cA

Cotton prices take a knock as farmers offload stocks

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The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May. from Agriculture-Economy-News-Economic Times https://ift.tt/jrv0C47

Odisha to provide free crop insurance to farmers for 3 years

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"The Cooperation Department would bear the premium of the insurance from the 2023 Kharif season to the 2025-26 Rabi season. Odisha is the first state in the country to provide free crop insurance to farmers," Naveen Patnaik said. from Agriculture-Economy-News-Economic Times https://ift.tt/bmJQaTi

Uttar Pradesh surpasses Maharashtra in sugar production this season

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"The total sugar produced by Uttar Pradesh in sugar season 2022-2023 is 107.29 lakh tonnes (which includes 3.05 lakh tonnes of Khandsari (physically extracted sugar from liquid jaggery), as compared to 105.30 lakh tonnes by Maharashtra. The area under cane cultivation in Uttar Pradesh is 28.53 lakh hectare (maximum in India) as compared to 14.87 lakh hectare in Maharashtra," said UP's Cane Development and Sugar Mills' minister Laxmi Narayan Chaudhary from Agriculture-Economy-News-Economic Times https://ift.tt/LhHgFzJ

Wheat prices rise 4% in two weeks

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"Prices have increased sharply during the past two weeks," said Ajay Goyal, a veteran wheat processor and director, at Shivaji Roller Flour Mill. "It is in more than a decade that I have seen wheat prices increase in the month of May," he said. from Agriculture-Economy-News-Economic Times https://ift.tt/wABM8z4

Why traders want you to shun tur dal and eat other pulses

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The Indian government is trying to stem the rising prices of tur dal by encouraging consumers to replace it with other pulses. Tur dal prices in Delhi have increased by 27% in the past one year and by 10% in the last six months. Production has not kept pace with demand and the highest selling dal's wholesale price has shot up about 60%. Tur traders are of the view that reducing demand for tur by influencing a change in consumer preference is essential as not enough tur is being produced from Agriculture-Economy-News-Economic Times https://ift.tt/r07t5k4

Tur traders propose campaign to promote use of other pulses

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The Indian Pulses and Grains Association (IPGA) has proposed a joint campaign with the Department of Food and Public Distribution to promote consumption of pulses like masur, moong, chana and yellow peas as an alternative to tur. from Agriculture-Economy-News-Economic Times https://ift.tt/lkBYCNF

Cabinet clears fertiliser subsidy for Kharif season

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The Union Cabinet on Wednesday approved a subsidy of Rs 1.08 lakh crore for fertiliser for the Kharif season 2023-24. This will benefit about 12 crore farmers and there will be no change in the Maximum Retail Price (MRP) of fertilisers. from Agriculture-Economy-News-Economic Times https://ift.tt/cVw67fb

Apple production may halve due to unseasonal rains, snowfall; import restrictions to keep prices up

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Unseasonal rains, snowfall, and low temperatures in April have affected the apple crop in India's Himachal Pradesh, Uttarakhand, and Jammu & Kashmir regions, with growers expecting production to drop by half from last year's level. Prices of apples grown in the country are likely to remain firm as the government has put a cap on import of apples from Iran at Rs 50 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/s5LdBra

Rang De collaborates with Mission Samriddhi to launch Mushroom Fund for underserved TN farmers

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Peer-to-peer social investing platform Rang De has partnered with social impact-enterprise Mission Samriddhi to launch a specialised investment Mushroom Fund designed to help Indian farmers develop sustainable income through mushroom cultivation. Starting with 40 farmers in the Tamil Nadu region, the first year should see a minimum of Rs 8,000 in earnings, with the fund offering social investors a maximium 8% ROI per year following an 18-month investment. from Agriculture-Economy-News-Economic Times https://ift.tt/IxGoBWD

Growing for the future! Discussing the untapped potential of India's horticulture sector

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India is the second-largest producer of horticultural products but enjoys a share of less than 2% as compared to the related world trade. from Agriculture-Economy-News-Economic Times https://ift.tt/Vyz40hD

Summer crop area marginally down YoY

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The sowing area under pulses and coarse cereals is higher year-on-year, while the acreage of rice and oilseeds is lower.About 19.61 lakh ha area coverage has been reported under pulses compared with 18.44 lakh ha last year. They are mainly in Madhya Pradesh, Bihar, Tamil Nadu, Uttar Pradesh, West Bengal and Gujarat. from Agriculture-Economy-News-Economic Times https://ift.tt/XTY0Ovi

MoS Agri pitches for mass adoption of new farm technologies for achieving $5 trillion economy

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Kailash Choudhary, Minister of State for Agriculture, believes that mass adoption of new technologies like drones, artificial intelligence (AI), and precision farming in the agriculture sector is necessary for India to reach the USD 5 trillion economy. Choudhary also urged scientists to identify untapped areas such as rain-fed districts, empowering farmers with new agricultural technologies. 6-7%. from Agriculture-Economy-News-Economic Times https://ift.tt/M1ftYqm

Area under summer crops down marginally

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The area has been reported mainly from the states of Madhya Pradesh, Bihar, Tamil Nadu, Uttar Pradesh, West Bengal and Gujarat. For Shri Anna and nutri and course cereals about 11.73 lakh ha area coverage has been reported compared to 11.30 lakh ha during the corresponding period of last year with Gujarat, Uttar Pradesh and West Bengal being the top three states. from Agriculture-Economy-News-Economic Times https://ift.tt/gHhQbie

Sugarcane growers to lobby against inclusion of sugar mill owners in new Karnataka cabinet

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In December last year, sugarcane farmers had protested for 23 days, demanding higher prices and alleging that sugar factory owners were cheating farmers by using faulty measures to weigh the cane that they brought in. The Ministry for Textiles and Sugar had in response ordered raids on 22 sugar factories, but officials did not find any evidence of malpractice in the weighing. from Agriculture-Economy-News-Economic Times https://ift.tt/iJ5uUGj

NFCSF revises down sugar output estimate to 32.7 million tons for 2022-23

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The revised sugar production estimate is, however, down by 8.88 per cent from the actual production of 35.92 million tonnes in the 2021-22 marketing year (October-September). In a statement, NFCSF said about 531 sugar mills across the country have produced 32.03 million tonnes of sugar till April 30. Of 531 sugar mills, 67 mills are still in operation. from Agriculture-Economy-News-Economic Times https://ift.tt/j7WVteT

Tea exports from Andrew Yule up four fold

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AYCL is the sole central public-sector enterprise (CPSE) of the Indian government in the tea industry. This company was established in 1863 and is a CPSE since 1979. It is an industrial conglomerate with active interests in tea, engineering, and electrical businesses. The company has 15 tea gardens spread over Assam and West Bengal. from Agriculture-Economy-News-Economic Times https://ift.tt/w7Mf3DA

Unsure about open market sale, private sector laps up wheat from the markets

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The industry depends largely on government supply at timely intervals under the Open Market Sales Scheme (OMSS) to procure wheat. Last year, mills were forced to buy the grain from the open market at prevailing market prices, as the central government could procure just enough wheat to distribute food under various welfare schemes. from Agriculture-Economy-News-Economic Times https://ift.tt/yIKxdkr

Fertiliser flying squads to crack down on diversion of agriculture-grade urea

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The squad has registered 30 first information reports for diversion of urea, seizing 70,000 bags of the agrochemical. Around 11 persons have been jailed under the Prevention of Black Marketing and Maintenance of Supplies Act. The Centre provides urea at a highly subsidised rate of ₹266 per bag (of 45 kg) to farmers. It has to bear a subsidy of about ₹2,500 per bag. from Agriculture-Economy-News-Economic Times https://ift.tt/Q35MCk9

Gujarat govt announces relief package for farmers hit by unseasonal rains

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Under this package, farmers who lost 33 per cent or more of their total crops will get the financial assistance in addition to the compensation provided by the State Disaster Response Fund (SDRF) as per norms. from Agriculture-Economy-News-Economic Times https://ift.tt/nI6uvSa

India’s shrimp sector to see 5% growth in 2024: CRISIL

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Debt to be contracted for part-funding such as capex and incremental working capital requirements will be comfortably absorbed by the strong balance sheets of the players. An analysis of 98 shrimp exporters rated by CRISIL Ratings, accounting for two-thirds of the industry revenue, indicates as much. from Agriculture-Economy-News-Economic Times https://ift.tt/NV1iI2q

Absolute launches biological agri-input business Inera CropScience

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Primarily, Inera’s biological inputs offer growers the benefit of tailored solutions to improve soil quality, plant immunity, disease resistance, pest protection and overall crop health to increase yield and quality of produce in a diverse range of agro climatic conditions. Starting with India, Inera aims to meet the needs of 20% of the world’s population and the highest arable land of any single nation in the world. from Agriculture-Economy-News-Economic Times https://ift.tt/zAFrdCK

Flying tractors a window into future of farming

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Farmers have been using drones over the past 20 years mainly for aerial imaging - scanning farms from the sky with cameras to map where crops are thriving and failing. Now drones are being designed for hands-on crop management. from Agriculture-Economy-News-Economic Times https://ift.tt/RWE3a1K