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Tea companies worried as Assam, West Bengal tea estates get 50% less rain in Jan, Feb

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Dry weather could become a major concern to tea industry and Indian Meteorological Department (IMD) said summer will be hotter this year in most parts of the country. IMD said that maximum temperature will be as high as 0.86 degree centigrade higher than normal across northern, eastern and western India. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZZ3GHA

PM Modi says India needs food processing revolution through PPP mode

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Addressing a webinar on budget provisions for the farm sector, he highlighted the various initiatives taken by the government in the Budget for the next fiscal, including increasing the target of agriculture credit to Rs 16.5 lakh crore from Rs 15 lakh crore in the current financial year. from Agriculture-Economy-News-Economic Times https://ift.tt/3uHo0vy

Govt to set up food processing hubs for niche products in Madhya Pradesh Bihar and J&K

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Also, to facilitate exports of perishable commodities, the ministry and the Airports Authority of India are setting up cold chains and infrastructure in major aviation hubs across the country, said Reema Prakash, joint secretary, ministry of food processing industries. from Agriculture-Economy-News-Economic Times https://ift.tt/3bGtayX

Kaveri Seeds becomes world’s first seed producer to have over a lakh acres in production

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The bulk of the newly acquired seed production area is dedicated to the non-cotton sector and mostly towards high-margin hybrid rice, maize and vegetable seeds, and nearly half of the land is located in and around the Telugu states of Andhra Pradesh and Telangana, India’s largest listed producer of hybrid seeds said. from Agriculture-Economy-News-Economic Times https://ift.tt/3q4AYjv

Onion, pulses, edible oil prices surge in February

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Prices of masur (lentil) and urad have increased by 10% over January, while tur prices have jumped 20% during the same period. Wholesale edible oil prices have increased 30% to 60% for different oils year on year this year. from Agriculture-Economy-News-Economic Times https://ift.tt/3pUjaY5

Agriculture preference in state budgets as farmers’ agitation continues

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These apart, the state will provide interest-free crop loans up to ₹16,000 crore to farmers. He also announced nine mini food parks, one mega food park, three agriculture universities and several other benefits for farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/2MlcZ1o

Rs 1.15 lakh cr transferred to 10.75cr farmers under PM-KISAN: Tomar on 2nd anniversary of scheme

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Addressing a function on the occasion of the second anniversary of the PM-KISAN, Union Agriculture Minister Narendra Singh Tomar said the government has enhanced the income of farmers by providing Rs 6,000 annually to farmers under this scheme in three equal instalments. from Agriculture-Economy-News-Economic Times https://ift.tt/37Ijymh

Price of non-basmati rice shoots up to 15% while potato price falls by more than 65%

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The price of non-basmati rice, which is consumed by more than 80% of the Indian population, has shot up by 10-15% since January, as Bangladesh has started buying large volumes of rice from India. from Agriculture-Economy-News-Economic Times https://ift.tt/3aLtjlA

Farm laws will make agri sector flexible to deal with future uncertainty: Sanjeev Sanyal

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In an uncertain future, “you need the farm sector to be flexible and that requires markets to be able to work to be able to deal with changing climate, changing consumer behaviour, export things,” Sanyal said, at the Indian Women’s Press Corp. from Agriculture-Economy-News-Economic Times https://ift.tt/3qTQM9N

54 Farmer Producer Organizations converge for conversations towards inclusive agribusiness

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During the interactions between agribusiness corporates and FPOs, various challenges such as quality parameters, and gradation of commodity and storage were discussed. The discussion brought out the necessity for a package of practices that could help FPOs align their production to market requirements. from Agriculture-Economy-News-Economic Times https://ift.tt/3qRcM54

Govt ushered historic increase in MSP, doing everything possible to double farmers' income: PM Modi

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"On this day, 2 years ago the PM-Kisan scheme was launched with an aim to ensure a life of dignity as well as prosperity for our hardworking farmers, who work day and night to keep our nation fed. The tenacity and passion of our farmers is inspiring," Modi said. from Agriculture-Economy-News-Economic Times https://ift.tt/3pOBAta

Hike in agri credit target to Rs 16.5 lakh crore in FY'22 to ease cash crunch of farmers: Narendra Tomar

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Addressing a meeting on the National Food Security Mission (NFSM) programme, Tomar said the government has taken several measures in the last six-and-a-half years to boost agriculture production and farmers' income. from Agriculture-Economy-News-Economic Times https://ift.tt/3dEz8TR

India set for record wheat output: Expert

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“Production of the food grain is likely to touch 115 million tonnes compared with 107 million tonnes in the previous year, looking at the crop position in major growing states of Uttar Pradesh, Madhya Pradesh, Punjab and Haryana,” Singh said. from Agriculture-Economy-News-Economic Times https://ift.tt/3bt9SwT