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Consumer Affairs Secretary Rohit Kumar Singh, in a media briefing, also said the retail prices of tomato in the national capital will come down immediately on improved supplies from Solan and Sirmaur districts of Himachal Pradesh. from Agriculture-Economy-News-Economic Times https://ift.tt/XeTzYfA

"Farmers in several parts of the country, where there is a deficiency of rainfall, are in a wait-and-see situation," said Santosh Jhanwar, chief executive of Agriwatch, an agricultural research firm which works with more than a million farmers across the country. from Agriculture-Economy-News-Economic Times https://ift.tt/gSlfweA

Over the years, saffron has not just limited itself to its cultural significance, but also expanded on to the business path. India is the second-largest producer of the golden spice in the world, with 7% of it coming from the country. from Agriculture-Economy-News-Economic Times https://ift.tt/AGbaS2F

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After failing to procure enough rice at a good price from both the states and Central corporations, the Karnataka Cabinet on Wednesday announced that it would pay low income families the cash equivalent to the 5 kg of rice the new regime had promised them, which would add to 5 kg from the Centre. Every BPL person’s account would be credited with Rs 170 per month - going by the Food Corporation of India’s (FCI) standard rate of Rs 34 per kg of rice - from July 1 under the regime’s ambitious Anna Bhagya scheme. from Agriculture-Economy-News-Economic Times https://ift.tt/3nPYzJg

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Union cabinet decided to increase fair and remunerative prices for sugarcane for the next season by Rs 10 to Rs 315 per quintal, said Anurag Thakur while addressing media on Wednesday. "The decision will benefit 5 crore sugarcane farmers and their dependents, as well as 5 lakh workers employed in the sugar mills and related ancillary activities," said Thakur. from Agriculture-Economy-News-Economic Times https://ift.tt/Hm0tAJN

To control the rising prices of tomatoes and prevent hoarding, the Tamil Nadu government has announced that tomatoes will be sold at Rs 68 per kilo in Farm Fresh Outlets. Steps are being taken to sell them at Rs 60 per kg as well. The measure aims to provide relief to the poor and middle-class population in various districts. The minister stated that the reduced farming due to high temperatures and decreased supply from other states have led to the price increase. He assured that the situation is temporary and will be resolved soon. from Agriculture-Economy-News-Economic Times https://ift.tt/xzsnayM

A state government spokesman, however, has assured that the spurt in prices is a "temporary seasonal phenomenon" and the rates will cool down soon. Over the last week, tomato prices saw a whopping 200 per cent rise in states like Karnataka, which had a rippling effect in states like UP. The maximum price of Rs 122 per kg has been reported from Gorakhpur in Uttar Pradesh. from Agriculture-Economy-News-Economic Times https://ift.tt/41Ccmbw

According to the data maintained by the Department of Consumer Affairs, the average price of tomato on an all-India basis is Rs 46 per kg on June 27. The modal price is Rs 50 per kg while the maximum price is Rs 122 per kg. Across four metros, the retail price of tomato in Delhi is Rs 60 per kg, Mumbai is Rs 42 per kg, Kolkata is Rs 75 per kg and Chennai is Rs 67 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/nVUm9et

These days, tomatoes are only being supplied from Maharashtra, while Rajasthan has stopped its supply following crop damages due to rains, Sunderdas Makhija, president of vegetable vendors' association at Indore's Devi Ahilyabai Holkar Sabzi Mandi told PTI. from Agriculture-Economy-News-Economic Times https://ift.tt/Sy5iTKm

The Indian poultry sector is expected to see a growth in revenue of around 10% in the current fiscal year fuelled by sustained demand, according to a report by CRISIL Ratings. Operating profitability is also predicted to increase by 70 basis points, helped by a decline in feed costs thanks to softer soy and maize prices. Last fiscal year saw the sector record a 25% topline surge creating a high base for the current year. from Agriculture-Economy-News-Economic Times https://ift.tt/0FanQO8

An acute shortage of the bright, red fruit has been burning the Indian pockets for the past few days. The tomato prices have skyrocketed in the last few days. Prices have surged upto Rs 80-120 per kg in the retail market, while wholesale prices have gone up to 65-70 per kg. Here is the reason for the surge. from Agriculture-Economy-News-Economic Times https://ift.tt/Hi4Tu9U

India's decision to remove retaliatory tariffs on US apples, imposed in 2019 in response to the US increasing tariffs on certain steel and aluminium products, will not have any negative impact on Indian farmers. The decision to remove these additional duties was part of an agreement reached between India and the US during Modi's visit to USA. from Agriculture-Economy-News-Economic Times https://ift.tt/sSozibu

The output nosedived due to multiple factors such as high heat, delayed rainfall and lack of interest among farmers to grow the crop as prices had crashed to ₹3-5 per kg in May. Ashok Ganor, a tomato trader from Azadpur wholesale market in Delhi, said, "Tomato prices have doubled in the last two days. Supply of tomatoes from neighbouring states like Haryana and Uttar Pradesh has reduced. We are now getting tomatoes from Bangalore." from Agriculture-Economy-News-Economic Times https://ift.tt/PeFIl6o

Area under coverage for pulses is higher at 6.54 lakh hectares so far from 6.30 lakh hectares in the same period last year, the ministry said in a statement. Shri Anna-cum-Coarse Cereals acreage stood higher at 18.95 lakh hectares so far as against 13.38 lakh hectares in the corresponding period last year. from Agriculture-Economy-News-Economic Times https://ift.tt/OTNUHCQ

The Food Corporation of India (FCI), the government's nodal agency for procurement and distribution of foodgrains, will conduct an e-auction of wheat on June 28 and that of rice on July 5 to boost domestic supplies and control prices. The tenders will be floated soon. from Agriculture-Economy-News-Economic Times https://ift.tt/DGuLbTk

As per IMD, 47% of the 716 districts from where the weather office gets its data recorded a 'large deficiency' of rainfall till June 22 while another 19% posted a 'deficiency'. from Agriculture-Economy-News-Economic Times https://ift.tt/SJQv0bi

According to a report by the Centre for Science and Environment (CSE), providing market access, better marketing, and help with transitioning to organic farming are the main issues that need to be addressed to increase organic farming in India. While transitioning is getting more traction, not much effort exists to create better markets. from Agriculture-Economy-News-Economic Times https://ift.tt/IYwhR2j

Maharashtra has advised farmers to begin sowing operations only after receiving 80-100 millimetres of rainfall to avoid the instances of resowing. The advisory issued as the state has received just 11% of the normal June rainfall, and just a little over 1% of the kharif sowing has been completed till date. from Agriculture-Economy-News-Economic Times https://ift.tt/LfWgcMq

Winter rainfall is crucial for key rabi crops like wheat, chana and mustard. El Nino, an ocean-warming weather pattern that occurs every 2 to 7 years, was expected to impact the monsoon rainfall in the second half of this season. However, now it looks like El Nino forming earlier than initially expected. from Agriculture-Economy-News-Economic Times https://ift.tt/xBc6yDW

Wheat procurement has reached 26.2 million tonnes so far in the 2023-24 rabi marketing year (April-March), more than the last year's total procurement of 18.8 million tonnes. "With the current procurement of wheat and rice, adequate food grains stock in government granaries is maintained," the ministry said in a statement. from Agriculture-Economy-News-Economic Times https://ift.tt/Nj0z8DA

The South Asian country banned exports of wheat and broken rice in 2022 to lower local prices. But following requests, India would allow broken rice exports to Indonesia, Senegal and Gambia in 2023/24 financial year started on April 1. New Delhi also approved request from Nepal and allowed wheat exports in the current financial year. from Agriculture-Economy-News-Economic Times https://ift.tt/PtuYzSv

Till last week, area under paddy was lower by 14.66 per cent at 5.32 lakh hectare as against 6.23 lakh hectare in the year-ago period, as per the Agriculture Ministry data. from Agriculture-Economy-News-Economic Times https://ift.tt/ny6OUzh

Analysts expect prices of kitchen staples to increase further. Paddy and pulses like tur, moong, urad, oilseeds like soyabean and groundnut are some of the key staple foods grown in kharif season. from Agriculture-Economy-News-Economic Times https://ift.tt/fgwqsUT

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The slow onset of monsoon in India has delayed sowing of key crops such as paddy, oilseeds and pulses, as the country has received deficient rainfall, which may lead to lower yield. Private weather forecaster, Skymet, has predicted a "dismal" outlook until the first week of July, which is crucial for preparing fields for the kharif season. Soyabean, which requires a high amount of water, is expected to be one of the most affected crops. from Agriculture-Economy-News-Economic Times https://ift.tt/rhScgDX

The IFAD president said India can play a global role in its capacity as the G20 president to transform global food systems. "India's G20 presidency has the potential to transform food systems. A food system includes all the aspects of feeding and nourishing people: growing, harvesting, packaging, processing, transporting, marketing and consuming food," he said. from Agriculture-Economy-News-Economic Times https://ift.tt/QN75Vrj

Describing the consensus in adopting the document as "historical", an official release said it was reached after deliberations on various issues centred around the agriculture sector wherein leadership of G20 developing countries was envisaged. from Agriculture-Economy-News-Economic Times https://ift.tt/jfuiURY

"Climate change is causing extreme weather events, more and more frequently. These challenges are felt most by the global South," Modi added. He said India's policy is the fusion of "back to basics and march to future" even as the country is promoting natural farming as well as technology-enabled agriculture. from Agriculture-Economy-News-Economic Times https://ift.tt/a5FfwiZ

Miyazaki, which has its origin in Japan, is the world's most expensive variety of mango. Hussain brought the mangoes to the festival from his farm in Labhpur village, a 45-minute drive from Rabindranath Tagore's Shantiniketan. from Agriculture-Economy-News-Economic Times https://ift.tt/CLG0yt5

Poshn, an agri-trading platform, has launched Poshn Nucleus, a technology platform to match a buyer’s procurement demands with the most likely fulfilment partner. The company aims to onboard more than 300,000 wholesale small and medium-sized enterprises sellers on the platform within the next year. The proprietary technology uses machine learning, data, and analytics to distribute commodities and will enable reverse auctioning, order and payment processing, logistics optimisation and traceability across the value chain. from Agriculture-Economy-News-Economic Times https://ift.tt/O3Whkbl

The Assam government has procured 1.16 lakh sexed sorted semen to increase the female calf population and boost dairy production. The Chief Minister has set an ambitious target to increase milk production manifold. He also instructed officials to restrict illegal timber trade and take steps toward planting saplings and seedlings to enrich the ecology of the state. from Agriculture-Economy-News-Economic Times https://ift.tt/NzIiRAw

Even after receiving the court orders, the farmers did not vacate the NH-44 blockade, following which, the police used force to vacate the highways and arrested several farmer leaders. Later a mahapanchayat held at Pipli on Monday, which was attended by various khaps, decided to block the highway. from Agriculture-Economy-News-Economic Times https://ift.tt/K5gqNWk

Ukraine is also offloading a lot of wheat in the global market, they said, adding this may impact wheat prices in India, which have shot up 10-11% in the past two months. While wheat prices may cool off, they said, rice prices have increased 15% in the past fortnight as the rabi rice crop in Bihar, Uttar Pradesh, Madhya Pradesh and Odisha has not been satisfactory. from Agriculture-Economy-News-Economic Times https://ift.tt/E6s5ztX

"There has been an uptick in wheat prices in the past month. There has been an increase of close to 8 per cent at mandi level. Though wholesale and retail prices have not gone up that much, the government has imposed stock limit on wheat..." Food Secretary Sanjeev Chopra told reporters here. from Agriculture-Economy-News-Economic Times https://ift.tt/i7COlWf

Bayer, a global enterprise in the life science fields of agriculture and healthcare has signed a Memorandum of Understanding (MoU) with Cargill, a global food corporation for offering farmers innovative solutions and facilitating optimal price realization for their produce. from Agriculture-Economy-News-Economic Times https://ift.tt/PLoQeDf

If strong measures are not taken, the industry could be struggling for survival. It is beset by problems on several fronts: Price, demand, production and labour. If global demand going tepid wasn't enough, it now faces challenges from climate change, from Agriculture-Economy-News-Economic Times https://ift.tt/ErPkFQV

The Indian government has increased its minimum support price (MSP) for cotton by about 9% year-on-year for the 2023-24 marketing season. Cotton prices have already fallen over 25% in the last eight months, leading to a shortage of cotton in the market. The increase in MSP for the next season is expected to stabilise the prices and may lead to a 5% increase in cotton planting in India. Cotton processors are hopeful of getting enough raw material. However, some cautioned that a hike in MSP, without increasing cotton productivity, can endanger India's competitiveness in the global markets. from Agriculture-Economy-News-Economic Times https://ift.tt/qUyrCVJ

PACS will also be connected with the marketing of organic fertilizers, especially Fermented Organic Manure (FoM)/ Liquid Fermented Organic Manure (LFOM)/ Phosphate Enriched Organic Manure (PROM). There are about one lakh PACS present across the country. from Agriculture-Economy-News-Economic Times https://ift.tt/w9Cys4Z

Over 50 FPOs are expected to participate in the program in the districts of Nashik, Pune, and Ahmednagar, where the commodities will be graded and kept for future distribution. This program will in a first provide a platform where an FPO Federation can collaborate with an external agency to provide quick door-to-door credit services to its members. from Agriculture-Economy-News-Economic Times https://ift.tt/4j9yM8g

The government's imposition of a stock limit on tur dal traders and processors has slightly reduced prices. However, the industry fears the shortage of supply will maintain high tur prices for the next three to four months. The stock limit was expected by stockists and traders, but given the shortage, it is unlikely to significantly reduce tur prices, according to Suresh Agarwal, president of the All India Dal Millers' Association. from Agriculture-Economy-News-Economic Times https://ift.tt/uIUCnqa

from Agriculture-Economy-News-Economic Times https://ift.tt/Cav3mNl

To check hoarding and price rise, the ministry on June 2 imposed stock limits on tur and urad. The stock limits have been made applicable to wholesalers, retailers, big chain retailers, millers and importers. from Agriculture-Economy-News-Economic Times https://ift.tt/k3MVCjs

Meanwhile, the price of melon seeds (char magaz) has increased threefold as the armed conflict in Sudan, from where it is imported, has brought down the supply. "The price of a kg of char magaz is now ruling at ₹900, which was only ₹300 before the Sudan conflict," said Sanjay Sharma, a trader in Delhi. from Agriculture-Economy-News-Economic Times https://ift.tt/d3JSA8K

TAI representing tea producers in Assam & West Bengal, is concerned by the pressing challenges faced in the current season by the tea industry in these regions. from Agriculture-Economy-News-Economic Times https://ift.tt/uXPaJM5

Earlier this year, the IMD had said India would likely get normal rainfall during the southwest monsoon season despite the developing El Nino conditions. The El Nino conditions this year comes after three La Nina years at a stretch. La Nina — the opposite of El Nino — typically causes good monsoon rainfall. from Agriculture-Economy-News-Economic Times https://ift.tt/ezCx5lM

The move has come after the price of tur and urad saw a sharp jump in prices this week. The prices of the two commodities have been high since early this year which has influenced prices of the entire pulses complex. Lower-than-expected arrivals coupled with good demand are keeping prices under pressure. The government has already allowed the import of both commodities at zero duty till March 2024. from Agriculture-Economy-News-Economic Times https://ift.tt/QWZLuFI

The report also cited the hurdles faced by the STGs in raising credit from the financial institutions. According to the report, lack of past financial history of the STGs has put the sector in high-risk profiles for which banks and other institutions are reluctant to advance credit to them. from Agriculture-Economy-News-Economic Times https://ift.tt/SC0ELh5

The Rabi marketing season runs from April to March. However, the bulk of wheat procurement is done between April and June. Wheat is a major rabi (winter-sown) crop. Major contribution in the procurement has come from three states of Punjab, Madhya Pradesh and Haryana, with procurement of 121.27 lakh tonnes, 70.98 lakh tonnes and 63.17 lakh tonnes, respectively. from Agriculture-Economy-News-Economic Times https://ift.tt/kHlp0Dc

ICRA has reported that tea producers in West Bengal may face margin pressure due to the estimated 6% increase in the total wage rate per day for tea estate workers from June 1, 2023, as part of a long-term wage settlement. The proposed wage hike would cost an additional Rs. 9/kg, increasing the cost of production. from Agriculture-Economy-News-Economic Times https://ift.tt/pi8sYrb