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Showing posts from August, 2023

India gets record low August rains, IMD says

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India witnessed the driest August in more than a century as the country received 36% less rainfall than normal in 2023, according to data compiled by the India Meteorological Department (IMD). The country has received 10% lower rainfall than normal from June 1 to August 31 from Agriculture-Economy-News-Economic Times https://ift.tt/QSYR6gr

Supreme Court rejects centre's plea to go ahead with release of GM mustard

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The Supreme Court has refused the Indian government's request to proceed with the environmental release of genetically modified (GM) mustard. The court stated that the impact on the environment and ecology needs to be thoroughly examined. The additional solicitor general argued that allowing the release would have significant policy implications for food security, as India heavily relies on edible oil imports. from Agriculture-Economy-News-Economic Times https://ift.tt/oYjKpMq

Airtel's Sunil Mittal has a solution for global hunger, and it starts in Africa

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from Agriculture-Economy-News-Economic Times https://ift.tt/Jz8OFw3

Need to boost crop productivity with new technologies: India's G20 Sherpa Amitabh Kant

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Digitisation of agriculture, the technological transformation and innovation in the farm sector has been the central priority pushed in the Indian presidency in the GCO this year. from Agriculture-Economy-News-Economic Times https://ift.tt/VaoDrUB

Modi weighs continuing free grains program into election season

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The proposal involves continuing a $24 billion program by another six months to June 2024, said the people who asked not to be identified as the discussions are private. A final decision will be taken by Modi’s office in the coming months, they added. from Agriculture-Economy-News-Economic Times https://ift.tt/LKd9J7u

Tomato prices plummet from Rs 300 to Rs 14 per kilo within weeks; Analysts warn further dip to Rs 5

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Tomato prices in India have taken a sharp downward turn after reaching a peak of nearly Rs 300 per kg. Prices dropped to as low as Rs 14 per kg in the Mysuru APMC market, while in Bengaluru, prices ranged from Rs 30 to Rs 35 per kg. The decline is attributed to a slump in demand, with tomatoes being imported from Nepal. from Agriculture-Economy-News-Economic Times https://ift.tt/QNpJ7if

Number of micro irrigation schemes increased by 1.42 million between 2013-14 and 2017-18

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Out of 23.14 million MI schemes examined, 21.93 million (94.8 per cent) constitute groundwater schemes, while 1.21 million (5.2 per cent) are classified as Surface Water Schemes. This underscores the substantial reliance on groundwater resources for irrigation needs.There has been a delay in release of the 6th census due to COVID-19 and work on the 7th census has already been started, a senior official said. from Agriculture-Economy-News-Economic Times https://ift.tt/v2Xzulx

Area under paddy up 4.4 pc, pulses down 8.3 pc this kharif season: Govt

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Area under paddy crop increased by 4.4 per cent to 384.05 lakh hectares so far in the ongoing kharif season despite a lag in Andhra Pradesh and Karnataka, according to data released by the Ministry of Agriculture on Friday. However, pulse acreage was down 8.30 per cent at 117.44 lakh hectares as on August 25 as against 128.07 lakh hectares in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/u2DpjVJ

Govt likely to set a minimum export price for basmati rice, sources say

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India is considering implementing a floor price for basmati rice exports, following a halt to non-basmati white rice shipments. The floor price could be set at $1,200 per metric tonne to prevent non-basmati rice from being exported as basmati rice. India and Pakistan are the exclusive producers of premium basmati rice, with India exporting approximately 4 million metric tonnes to countries including Iran, Iraq, and the United States. from Agriculture-Economy-News-Economic Times https://ift.tt/rMnP4Kz

Notices issued to traders for buying apple at box rates; govt targets purchase of 1.43 lakh tonnes

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Earlier, apples were sold in terms of per box containing 20-24 kg each, but this year the new system of selling apples in per kg was introduced by the state government after consultations with all the stakeholders following the demand of apple growers. A uniform carton (24 kg) for sale would be introduced next year. Apple is a Rs 5,000-crore economy in Himachal Pradesh. from Agriculture-Economy-News-Economic Times https://ift.tt/XS8IufB

Adopting Africa as place to do agri can change world, alter food ecosystem: Sunil Mittal

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Adopting Africa as a place to do agriculture can change the world and alter food ecosystems, Sunil Bharti Mittal, Chair of B20 India Action Council on African Economic Integration. Mittal asserted that African voice in G20 is "absolutely important". from Agriculture-Economy-News-Economic Times https://ift.tt/nyhcYFP

Rice output may fall by 5% due to uneven rains

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India's rice output is projected to decline by 5% due to uneven rains in key rice-producing states like West Bengal, Odisha, Jharkhand, Chhattisgarh, eastern Uttar Pradesh, and Bihar. The ICAR-National Rice Research Institute has suggested that farmers in these states opt for short-duration rice crops to mitigate the impact of the erratic monsoon. The deficient rainfall has affected the sowing and growth of paddy crops, raising concerns about rice production. Additionally, global rice prices are expected to rise due to an estimated 7 million-tonne deficit in global rice production in FY24, driven by El Nino and unfavorable weather conditions. from Agriculture-Economy-News-Economic Times https://ift.tt/IyJGY1j

Lack of rain may bring down sugar production in Maharashtra, Karnataka, says official; export ban may be possibility

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"The expected sugar production for the year was 330 lakh tonnes but there could be a dip, while the carry over stock in the country is 65 lakh tonnes. The demand nationwide is 275 lakh tonnes and 50 lakh tonnes will be diverted for ethanol production," he said. from Agriculture-Economy-News-Economic Times https://ift.tt/V3fbWP4

Govt sets target to procure 521.27 lakh tonnes of rice from kharif season

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During KMS 2023-24 (Kharif crop), rice procurement in Punjab is estimated at 122 lakh tonnes, Chhattisgarh (61 lakh tonnes), Telangana (50 lakh tonnes), Odisha (44.28 lakh tonnes), Uttar Pradesh (44 lakh tonnes), Haryana (40 lakh tonnes), Madhya Pradesh (34 lakh tonnes), Bihar (30 lakh tonnes), Andhra Pradesh (25 lakh tonnes), West Bengal (24 lakh tonnes) and Tamil Nadu (15 lakh tonnes). from Agriculture-Economy-News-Economic Times https://ift.tt/cbh4kyx

Onion auctions to resume at APMCs in Nashik from August 24: Traders' representative

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Onion auctions at all Agricultural Produce Market Committees (APMCs) in Nashik district, Maharashtra, will resume after a three-day closure due to protests against a 40% export duty on onions. Traders and farmers' representatives met with Union minister Dr Bharati Pawar, who assured them that their concerns would be considered. The government has restarted procurement at Rs 2,410 per quintal and plans to purchase an additional 2 lakh tonnes of onions from farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/NrsqwpC

Centre asks SC to withdraw its order against GM mustard

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The government on Tuesday asked the Supreme Court to vacate its November order that restrained environmental release of genetically modified (GM) mustard, saying "the huge policy implications involved deserve early resolution" of the matter as the growing season is fast approaching in September and October. from Agriculture-Economy-News-Economic Times https://ift.tt/XyoJFcY

Centre to fully implement rice fortification programme before March 2024 target

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The government will implement fully rice fortification programme before the scheduled target of March 2024, a top food ministry official said on Tuesday. Prime Minister Narendra Modi, in his Independence Day address in 2021, said the government aims to distribute fortified rice via the government schemes by 2024. from Agriculture-Economy-News-Economic Times https://ift.tt/SzJiGnw

Govt to sell onions at Rs 25 per kilo, Piyush Goyal says

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The Central government will sell onions at Rs 25 per kilo to consumers, said minister of Consumer Affairs and Food Piyush Goyal on Tuesday. The central government has started the procurement of an additional 2 lakh tonne of onion from farmers in Maharashtra. The decision to procure this additional stock came after farmers in Maharashtra protesed the government's decision to levy a 40% export duty on sale of onions. from Agriculture-Economy-News-Economic Times https://ift.tt/HgK8LaT

Onion merchants extend help to farmers after imposition of 40% export levy

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Onion merchants in Delhi's Azadpur mandi are offering support to farmers who are concerned about the decline in onion prices due to the government's decision to impose a 40% duty on onion exports. The merchants have advised farmers from different states not to rush and sell their onions at a loss. They believe that wholesale prices will decrease by Rs 5 per kg within two weeks, and retail prices will drop by Rs 10 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/dn0ACSa

Onion traders seek floor price for export duty

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The onion trade has requested the government to introduce a floor price for calculating export duty on onions in order to ensure fairness among all stakeholders. Bans and restrictions on wheat, rice, and onion exports are causing revenue losses and inventory pileups for businesses. The government has imposed a 40% export duty on onions to control rising prices, but there is concern that certain ports and stakeholders may have an advantage. from Agriculture-Economy-News-Economic Times https://ift.tt/Tq2VubX

Maharashtra farmers cry foul over falling onion prices

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The imposition of a 40% export duty on onions in Maharashtra has resulted in a drop in prices, angering farmers and putting the ruling Bharatiya Janata Party (BJP) on the defensive. Opposition parties are urging farmers to vote against the BJP in the upcoming parliamentary elections to express their dissatisfaction. The government imposed the duty to control rising onion prices, but farmers argue that it will lead to financial losses. from Agriculture-Economy-News-Economic Times https://ift.tt/rLSViNG

Prices of tomatoes coming down with fresh arrival; retail prices in range of Rs 50-70 per kg now: Govt

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Tomato prices have fallen to Rs50-70 per kg due to the arrival of new crops in retail markets. This follows a period in which prices soared to Rs250 per kg. The trend seems set to continue, with Consumer Affairs Secretary Rohit Kumar Singh announcing that the government will continue to sell tomatoes at a discounted rate until prices revert to normal levels. from Agriculture-Economy-News-Economic Times https://ift.tt/6tHMshE

Onion auction to remain closed indefinitely in Nashik wholesale markets to protest 40% duty on export: Traders

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Onion auctions have shut indefinitely in all agriculture produce market committees (APMCs) in Maharashtra's Nashik district to protest against India's decision to impose a 40% duty on the staple's exports. Traders said the government's decision would harm onion growers in the state, and urged the government to provide onions through the public distribution system. from Agriculture-Economy-News-Economic Times https://ift.tt/7mDYbhH

Govt raises onion buffer to 5 lk MT; NCCF to retail onions at Rs 25/kg

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India has raised the quantum of onion buffer to five lakh metric tonne after achieving the initial procurement target of three lakh metric tonne. The National Cooperative Consumers' Federation and National Agricultural Cooperative Marketing Federation of India will procure around one lakh metric tonne of onions to achieve additional procurement targets. from Agriculture-Economy-News-Economic Times https://ift.tt/miraVWT

Maharashtra: Farmers in Ahmednagar stop onion auction at wholesale market to protest imposition of 40 pc duty on exports

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Farmers in Maharashtra's Ahmednagar district on Sunday halted the auction of onions to protest the Centre's decision to impose 40 per cent duty on export of the kitchen staple. Onion growers in Rahuri tehsil of Ahmednagar district halted the ongoing auction of the bulb in the wholesale market. from Agriculture-Economy-News-Economic Times https://ift.tt/HkWKXGB

India headed for driest August in over 100 years, summer crops at risk

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India is experiencing its driest August in over 100 years due, in part, to the El Nino weather pattern, according to sources. Weather officials have warned the lack of rainfall could damage yields of summer crops such as rice and soybeans, leading to higher prices and inflation, which is already at its highest level since January 2020. from Agriculture-Economy-News-Economic Times https://ift.tt/TlWiGKV

Retail prices of tomato may decline as wholesale rates fall over 30%

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The retail prices of vegetables in the consumption centres are usually double the wholesale rates or even higher, mainly due to addition of costs like transportation, market handling charges, commission of middlemen and the retail margins. from Agriculture-Economy-News-Economic Times https://ift.tt/T7vyeS9

5% higher natural rubber production in FY24: All India Rubber Industry Association

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“Last financial year, India’s production of natural rubber was 8 lakh metric tonne and we expect it to be 5% more this year,” said Ramesh Kejriwal, president, All India Rubber Industry Association. from Agriculture-Economy-News-Economic Times https://ift.tt/57r6Bwv

CAI maintains cotton crop estimate at 311.18 lakh bales for 2022-23 season

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The total cotton supply for October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, imports of 11.50 lakh bales and the opening stock estimated by the CAI at 24 lakh bales at the beginning of the season. from Agriculture-Economy-News-Economic Times https://ift.tt/x9246lZ

I-Day speech: PM Modi announces agri-drones for women self-help groups

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As per the plan, the recipients will also be given training to fly and repair the unmanned aerial vehicles. "We will train women in SHGs to fly drones and also repair drones. The Government of India will provide drones to thousands of Women SHGs," the Prime Minister said. from Agriculture-Economy-News-Economic Times https://ift.tt/LotY6wH

Verleni 1947: Special blend of limited-edition tea to be available from midnight of August 14

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Interestingly, Makaibari is owned by the Luxmi Group - a company started over 100 years ago by freedom fighter PC Chatterjee who used tea as an instrument of defiance against the British as India’s movement of self-reliance. Verleni 1947 is harvested from Chinese tea bushes with a strong Muscatel, floral, and fruity flavor - one of the finest examples of Darjeeling tea. from Agriculture-Economy-News-Economic Times https://ift.tt/tO0cujb

India's kharif crop planting area rises; paddy leading year-on-year

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Commodity-wise, paddy sowing is at 328.22 lakh hectares, as against 312.80 lakh hectares same period last year. Notably, India in July amended the rice export norms by putting non-basmati white rice, a major export item, in the "prohibited" category. from Agriculture-Economy-News-Economic Times https://ift.tt/xQyrmD2

Commerce ministry seeking views of ministries, NITI on draft bills on 5 cash crops

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India's commerce ministry has circulated notes to seek views from government think tank Niti Aayog on draft bills pertaining to five cash crops, namely tea, coffee, spices, rubber and tobacco. The ministry aims to boost their growth and foster a conducive environment for businesses by decriminalising minor offences. They plan to take the comments of the think tank and other ministries, and in due course seek the Union Cabinet's approval on the list of Spices (Promotion and Development), Rubber (Promotion and Development), Coffee (Promotion and Development), Tea (Promotion and Development) and Tobacco Board (Amendment) bills. from Agriculture-Economy-News-Economic Times https://ift.tt/PA0IuG4

Paddy sowing up 5per cent so far; coverage still lags in Odisha, AP & Assam

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The area sown to paddy in India has increased by 5% to 328.22 lakh hectares during the ongoing Kharif season compared to 312.80 lakh hectares in the year-ago period, according to Ministry of Agriculture data. However, coverage of pulses, oilseeds, cotton and jute are lagging behind till August 11. from Agriculture-Economy-News-Economic Times https://ift.tt/hHxnc3R

Telangana launches India's first Agricultural Data Exchange platform

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India has launched its first Agricultural Data Exchange (ADeX) and Agricultural Data Management Framework (ADMF) in collaboration with Telangana Government, World Economic Forum, and the Indian Institute of Science. The initiatives aim to boost the data economy specifically for the agricultural sector. from Agriculture-Economy-News-Economic Times https://ift.tt/mSWtC7x

Indian agritech Fyllo partners with Spain’s Terraview for precision agriculture in Europe

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With this, Fyllo becomes the first Indian agritech to expand globally and enhance farming practices using IoT (Internet of Things) devices. The collaboration between Fyllo and Spain-based Terraview will introduce intelligent agriculture to European vineyards, starting with Spain, France, and Italy and soon in the US and Mexico. from Agriculture-Economy-News-Economic Times https://ift.tt/fqlkxHj

Tomato prices crash 37% in just a day in Maharashtra mandis to Rs 55 a kg!

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Tomato prices in some Maharashtra mandis reportedly fell by 37% due to oversupply leading to 25,000 crates arriving on Thursday, up from 6,800 the previous week. The largest mandi delivered 15,000 crates daily, compared with 1,500 a week earlier, while at another hub arrivals surged from 5,000 to 10,000. from Agriculture-Economy-News-Economic Times https://ift.tt/duKazw2

Prices of quality onion likely to double by September

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​​Wholesale prices of onions ranged between ₹5 per kg and ₹24 per kg in Nashik on Wednesday, while retail prices were ₹ 25-35 per kg. Besides the large proportion of bad quality onions, high inflation in other vegetables is also responsible for propelling onion prices upwards, said traders. from Agriculture-Economy-News-Economic Times https://ift.tt/fFwckHL

Prices of parboiled rice surge 12 per cent as global demand picks up

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Overseas demand for parboiled rice has shot up following the Centre's decision to ban the export of raw, white rice on July 20, given apprehensions among global buyers that India may ban export of parboiled rice as well. Industry executives said if the government does not put an export duty on non-basmati parboiled rice, then the IR 64 variety, which is consumed by the common people, will go out of the reach of the people. from Agriculture-Economy-News-Economic Times https://ift.tt/hxfEcpz

India to import tomatoes from Nepal amid surge in price, says Nirmala Sitharaman

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Union finance minister Nirmala Sitharaman on Thursday said that India will be importing tomatoes from Nepal, amid a record high surge in prices in the country. During her speech in Parliament, Sitharaman informed that the first lot of imports are likely to reach in Varanasi, Lucknow and Kanpur cities in northern India by Friday. from Agriculture-Economy-News-Economic Times https://ift.tt/wUBNXb2

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market

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The government on Wednesday announced that it will sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market to contain the price rise. This is over and above the 15 lakh tonnes of wheat and 5 lakh tonnes of rice sale under the OMSS announced a few months ago from Agriculture-Economy-News-Economic Times https://ift.tt/tpF4fWR

India’s grain stockpiles are key to Modi’s pre-election strategy

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India has been forced to curb grain sales and is preparing to import wheat to ease food inflation ahead of next year's general elections. Rice exports have been banned and the government is curbing sales of other grains, adding to the global supply squeeze. The government may scrap a 40 per cent tariff on wheat, which would pave the way for India to import substantial volumes for the first time since 2017. from Agriculture-Economy-News-Economic Times https://ift.tt/GS0dPHi

Now, pulses start biting owing to high prices

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Prices of tur dal have increased by Rs 200-400/quintal last week for various qualities. In the Akola (Maharashtra) market and in Gulbarga (Karnataka), the price of tur dal shot up from Rs 136/kg to Rs 140/kg last week, while the price of tur imported from Mozambique increased by a substantial `Rs 5.5/kg in a week in Mumbai. from Agriculture-Economy-News-Economic Times https://ift.tt/6SoDte7

Over 4 lakh hectares brought under natural farming in 8 states: Govt

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About 4.09 lakh hectares have been brought under natural farming in eight states with Andhra Pradesh leading the group, according to Agriculture Minister Narendra Singh Tomar. The Centre is promoting natural farming through a sub-scheme, Bharatiya Prakritik Krishi Paddhati, under Paramparagat Krishi Vikas Yojana. from Agriculture-Economy-News-Economic Times https://ift.tt/2OV7Yg8

Govt says crop insurance claims worth Rs 2,761.10 cr pending under PMFBY till 2021-22

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Crop insurance claims worth Rs 2,761.10 crore under PMFBY were pending till 2021-22, with Rajasthan, Maharashtra and Gujarat being the states with the most pending claims. Admissible claims are usually paid within three months but some claims were delayed due to reasons like late release of premium subsidy and disputes. from Agriculture-Economy-News-Economic Times https://ift.tt/RAYc4zO

Agritech platform Arya.ag partners with SOPA

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As part of the Memorandum of Understanding (MoU), SOPA will receive information, datasets, maps, and data-enriched secure APIs for their subscribed districts, spanning Madhya Pradesh, Maharashtra, and Rajasthan. The integration of Arya.ag's state-of-the-art technology will enable SOPA to remotely scout its districts, detect anomalies, and track farm growth seamlessly through a user-friendly web/mobile application provided by Arya. from Agriculture-Economy-News-Economic Times https://ift.tt/TtDyoPH

Rice export ban sparks concern that sugar may be next

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The world has become increasingly dependent on sugar exports from the South Asian nation as global supplies tighten. Uneven rainfall across India's agricultural belts has stoked concern that sugar production will fall short, potentially dropping for a second straight year in the season starting October. from Agriculture-Economy-News-Economic Times https://ift.tt/0IstKiM

Govt confident higher production in August will bring down tomato prices

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The harvest in Himachal Pradesh, which is the main source of tomatoes in the national capital region and other northern markets, is expected to jump from 2,000 MT in July to 30,000 MT in August, providing relief to consumers. from Agriculture-Economy-News-Economic Times https://ift.tt/5WzqZmx

Tomato prices up on rains, crop seasonality, says FM Nirmala Sitharaman

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White fly disease in Kolar district of Karnataka, heavy monsoon showers in parts of northern India and logistics disruptions in isolated areas in the wake of floods are also to be blamed for the sudden surge in tomato prices, the minister said in a reply to the Lok Sabha. from Agriculture-Economy-News-Economic Times https://ift.tt/AJG6x1Q

Tomato prices flared up by rains, seasonal factors; government taking steps to curb food inflation: FM Nirmala Sitharaman

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In a written reply in the Lok Sabha, the minister said white fly disease in Kolar district of Karnataka, heavy monsoon showers in parts of northern India and logistics disruptions in isolated areas in the wake of floods are also to be blamed for the sudden surge in tomato prices. from Agriculture-Economy-News-Economic Times https://ift.tt/DcL6xmE