Agri News India

Rice prices are approaching a 15-year high, with Thai white rice 5% broken, an Asian benchmark, rising $57 in the past two weeks to $640 per ton. Factors contributing to the surge include increased demand from unexpected buyers like Brazil and the Philippines, higher domestic prices, and a stronger baht. from Agriculture-Economy-News-Economic Times https://ift.tt/KetLQ9X

Onion prices started to climb in Maharashtra’s Pimpalgaon and Lasalgaon wholesale markets, Asia’s largest, in the second week of August. However, they shot through the roof in October, just after the end of Navratri, crossing Rs 85 per kg in some markets. from Agriculture-Economy-News-Economic Times https://ift.tt/vuJUpwe

The ministry also plans to launch India’s premium cotton, “Kasturi cotton”, at the inter-governmental event featuring participants from 28 member countries and seven invitee countries. from Agriculture-Economy-News-Economic Times https://ift.tt/rmGyKHA

Even though the government has banned exports of non-basmati rice, prices have shot up by 15% amid increased demand from south India where patchy rains in Karnataka have reduced kharif rice production. On the other hand, unpredictable rainfall in October has impacted sowing of the new potato crop, which will delay the arrival of the new crop, pushing up prices of the old stock of potatoes. from Agriculture-Economy-News-Economic Times https://ift.tt/TBvLc68

"The Congress conspiracy against Rythu Bandhu has been revealed once again. Even after the Election Commission gave permission to distribute crop assistance to farmers, the Congress conspired. The decision was taken on the basis of a complaint given to the Election Commission...," T Harish Rao wrote on social media platform X. from Agriculture-Economy-News-Economic Times https://ift.tt/uC5O6ET

The government plans to significantly increase tur dal procurement from a few metric tonnes to 8-10 lakh metric tonnes to control prices amid reduced acreage and expected low production. Tur dal retail prices rose over 40%, from Rs 112 to Rs 158 per kg. Despite efforts to boost imports by removing import duty on tur, retail inflation in pulses surged to 18.79% YoY in October. from Agriculture-Economy-News-Economic Times https://ift.tt/9Es3D16

Around 80 WTO members opposed this proposal by the Cairns Group, which has 19 members including Argentina, Australia, Brazil and Canada. Last month, the European Union had shown willingness to negotiate the public stockholding issue with India. The move was seen as a significant breakthrough on the issue which has been deadlocked for the past 10 years. from Agriculture-Economy-News-Economic Times https://ift.tt/zsW4VQG

Union minister Parshottam Rupala on Sunday stressed the need to tap the entire potential of the dairy industry in the country, maintaining that only about 25 per cent of the total milk produced is sold through the organised sector. He urged the youth to engage in the dairy sector by employing the latest technologies to ensure a substantial earning. from Agriculture-Economy-News-Economic Times https://ift.tt/VRv5bZD

In terms of annual growth rate, Karnataka clocked the highest rate at 8.76 per cent followed by West Bengal (8.65 per cent) and Uttar Pradesh (6.99 per cent) over the previous year. Egg production has been estimated at 138.38 billion in 2022-23, up 33.31 per cent from 103.80 billion numbers in 2018-19. Egg output increased annually by 6.77 per cent in 2022-23 over 2021-22. from Agriculture-Economy-News-Economic Times https://ift.tt/VPl5WDM

Until now, the National Agricultural Cooperative Marketing Federation of India and National Cooperative Consumers' Federation of India Ltd - the two procurement agencies for pulses and onions - were making the payments to farmer federations or cooperatives, which in turn were paying the farmers. This process has been time consuming and so the government is planning to replace it with direct benefit transfer (DBT). from Agriculture-Economy-News-Economic Times https://ift.tt/oA6UED3

Finance Minister Nirmala Sitharaman has urged ITC Chairman Sanjiv Puri to deploy a team to Karnataka for sourcing Sri Anna millets from drought-affected farmers. Following discussions with state ministers, Sitharaman requests additional support measures and highlights the Centre's initiatives to aid farmers, as posted on social media platform X from Agriculture-Economy-News-Economic Times https://ift.tt/mjok85t

“ITC is deploying ‘ITC MAARS', which seeks to offer a wide range of agricultural solutions to farmers, while creating new revenue streams and providing better markets for advanced agriculture and rural services. The aspiration is to connect with 5 Lakh farmers in West Bengal,” Puri said from Agriculture-Economy-News-Economic Times https://ift.tt/9v2B8JV

The Indian government is considering revoking the Memorandum of Understanding (MoU) with Mozambique for importing 200,000 tonnes of tur dal due to irregularities and corruption issues within Mozambique. The supply of tur from Mozambique has been inconsistent, prompting the Indian Pulses and Grains Association to seek assistance from the Prime Minister’s Office. from Agriculture-Economy-News-Economic Times https://ift.tt/PRg1a8D

Indian farmers are unlikely to boost wheat planting despite prices hitting record highs as they opt for less-water intensive crops. While wheat planting area will reduce eventually, the world's second-biggest wheat producer may then also maintain its export ban or even force it to resort to imports, according to industry officials and scientists. from Agriculture-Economy-News-Economic Times https://ift.tt/H6IpBPt

Rupala said that the GPS system should be made user-friendly to the fishermen, utilising the global expertise and technologies. Cost-effective and reliable technologies are essential for marine navigation to be truly beneficial to fishermen venturing into the sea, the Minister said. from Agriculture-Economy-News-Economic Times https://ift.tt/5JzcFT9

According to the India Meteorological Department (IMD), while overall rain in Maharashtra during the monsoon was normal, it was deficient in many regions such Marathwada, Madhya Maharashtra and North Maharashtra. Rain in the rabi season from October 1 to November 15 has also been in the "large deficit" category. from Agriculture-Economy-News-Economic Times https://ift.tt/kGljwEc

A new method of cultivation, called direct seeded rice (DSR), reduces the overall cost of cultivation by using 12-35% less irrigation water and reducing labor, sowing time, and use of chemical herbicides and fertilisers. The cultivation of rice, a staple food for more than 3 billion people worldwide, is responsible for 12% of global methane emissions and 1.5% of total greenhouse gas emissions. from Agriculture-Economy-News-Economic Times https://ift.tt/ocSQ5Yz

Prices have not eased even though the festive season has come to an end and the new sugarcane crushing season has begun across the country. "This year, we have not seen any substantial decline in sugar prices after the beginning of the crushing season," said sugar trader Abhijit Ghorpade. The ex-mill price of sugar, which was in the range of ₹36.50 a kg to ₹37.50 a kg for the smallest sized S-30 grade of sugar around the first week of October due to festival season demand, is still ruling in the same range. from Agriculture-Economy-News-Economic Times https://ift.tt/uXhy1IM

Agriculture is India's biggest employer, supporting the livelihoods of 250 million farmers and informal labourers - but their work is getting harder as climate change makes living off farming difficult, pushing up debt, migration and suicides. Worries over falling yields have driven up the use of chemical fertilisers that are stripping the soil of nutrients and fuelling agricultural emissions on a warming planet. from Agriculture-Economy-News-Economic Times https://ift.tt/ojt621C

India, a leading rice exporter, is set to prolong restrictions on overseas sales, maintaining the staple grain at its highest price levels since 2008. Despite being a top global shipper, Prime Minister Narendra Modi aims to curb domestic price surges, impacting nations like Benin and Senegal while facing impending reelection. Analysts predict these measures to persist post-elections if domestic rice prices continue rising. from Agriculture-Economy-News-Economic Times https://ift.tt/YpaOz8o

The union government intends to captialise on this global event as a strategic platform to harness international collaboration aiming to boost export, enhance the socio-economic well-being of fishers and aquafarmers, and promote start-up and entrepreneurial initiatives across the value chain in the sector. from Agriculture-Economy-News-Economic Times https://ift.tt/x3amVQo

Rice prices in Asia have increased, with export rates for the parboiled variety in India rising due to improved demand. The new season crop's increased supplies have further boosted prices. India's 5% broken parboiled variety was quoted at $493-$503 per ton, despite paying a 20% export duty. from Agriculture-Economy-News-Economic Times https://ift.tt/HrNUxTf

World Spice Organisation Chairman, Ramkumar Menon, sees India's branded spice market surging to Rs 50,000 crores in three years. With a 20% share in the global spice export market, valued at USD 21 billion, India's spice exports grew by 6% in FY24. Chilli dominates global demand. from Agriculture-Economy-News-Economic Times https://ift.tt/VErBa7H

The purchase at the minimum support price will give a boost to the cultivation of coarse grains which are eco-friendly, climate resistant and powerhouse of nutrients, the official said, adding that the strategy will play a significant role in crop diversification and enhancing nutrition in dietary patterns. from Agriculture-Economy-News-Economic Times https://ift.tt/WxaNAj1

Onion prices in the national capital started inching up from October 25, when the rates were at Rs 40 per kg. Rates doubled to Rs 80 per kg on October 29. Onion is grown in three seasons -- kharif, late kharif and rabi. It is only rabi onion which is stored, as the variety grown in this season has a longer shelf life. from Agriculture-Economy-News-Economic Times https://ift.tt/7dr2KfH

To make pulses and wheat flour more affordable, the central government initiated the sale of chana dal and wheat flour under the brands 'Bharat Dal' and 'Bharat Atta'. Chana dal is retailed at a subsidized rate of Rs.60/kg and Bharat Atta at Rs. 27.50/kg, available through outlets like NAFED, NCCF, Kendriya Bhandar, and mobile vans across India. Buffer stocks of major pulses are released under Bharat Dal to regulate market prices from Agriculture-Economy-News-Economic Times https://ift.tt/v3wk9hr

A year of protests caused the government in 2021 to reverse a farm law that would have cut the subsidy bill by deregulating crop prices. India’s urbanites are going to keep choking through Diwali for many years to come. from Agriculture-Economy-News-Economic Times https://ift.tt/MUgowph

Odisha Chief Minister Naveen Patnaik announced an investment of over Rs 2,500 crore to support millet farmers in the state. The state launched the Odisha Millets Mission in 2017 to revive the cereal ecosystem. The promotion of millets is seen as a way to provide justice and equity to rain-fed farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/vc1F4Ai

Union Cooperation Minister Amit Shah launched the 'Bharat Organics' brand of the newly created National Cooperative Organics Ltd (NCOL) and announced that it will become a trusted brand in India and abroad. The NCOL will initially sell six organic products in India, with plans to expand internationally. from Agriculture-Economy-News-Economic Times https://ift.tt/7viPWxc

The Indian government has increased the stock limit for wholesalers of tur and urad dal from 50 metric tonnes to 200 metric tonnes to boost the supply of these pulses in the market. Additionally, the time period for which importers can hold their stocks after clearance has been doubled to 60 days. from Agriculture-Economy-News-Economic Times https://ift.tt/9jO2kET

The Government of Greece is in talks with FMCG company BL Agro to explore strategic partnerships in the adoption of agriculture technology, exchange of skilled manpower, promotion of agri trade, animal science, and steps to mitigating climate change, a media release issued by the company on Tuesday said. from Agriculture-Economy-News-Economic Times https://ift.tt/uQsja5A

Union Minister for Consumer Affairs, Food, and Public Distribution, Piyush Goyal, is set to launch the "Sale of Bharat Atta" initiative in Delhi today. Recent reports suggest that the government may reduce the price of Bharat Atta by Rs 2 per kilogram in anticipation of Diwali. In February, Kendriya Bhandars, NAFED, and NFCC were directed to sell Bharat Atta to consumers at Rs 29.50 per kilogram to counter food price inflation. from Agriculture-Economy-News-Economic Times https://ift.tt/IikuoxE

India isn’t expected to ship any sugar for the season that just started, a shift from two seasons ago when exports were as much as 11 million tons. That means markets are depending on Brazil, Mauro Angelo, chief executive officer at Alvean, a trading house controlled by Brazilian producer Copersucar SA said, making prices extremely sensitive to issues like untimely rains that threaten to disrupt harvests or delay ship loadings. from Agriculture-Economy-News-Economic Times https://ift.tt/7Zh2ufB

“The old contracts that were kept in abeyance because of sub-$1200 price per tonne are being shipped now. New orders are pouring in with large buyers from Turkey visiting India to pick up good volumes of basmati rice,” said Vijay Setia, a basmati exporter and past president of All India Rice Exporters Association (AIREA). from Agriculture-Economy-News-Economic Times https://ift.tt/aboKtXQ

Zetta Farms is on an expansion drive in Assam, securing a lease for 7,000 acres of Bakhola Tea Estate along with two associated factories. This move reinforces Zetta Farms' presence in the tea industry, positioning it to yield an impressive 3.5 million kilograms of tea annually. from Agriculture-Economy-News-Economic Times https://ift.tt/r3NaBdf

Onion prices are likely to stay high for around a month due to limited supplies, while exports remain strong after the removal of a 40% export duty, making overseas shipments more profitable amid global demand. The government introduced a minimum export price (MEP) to discourage exports, imposing $800 per tonne until December 31. from Agriculture-Economy-News-Economic Times https://ift.tt/IRjYVSx

Production in India, the world's largest rice exporter, is under unusually intense focus after New Delhi banned exports of non-basmati white rice in July, sending global prices surging. from Agriculture-Economy-News-Economic Times https://ift.tt/KfrwBS2

"Late sowing could affect sentiment and exacerbate stickiness in pulses and cereal inflation," said Aditi Nayar, chief economist ICRA, adding that with reservoir levels low by historical standards, timely rainfall holds the key to a broad-based momentum in rabi sowing. from Agriculture-Economy-News-Economic Times https://ift.tt/CoD7Zqd