The announcement of MSP for kharif 2021 has got many demanding for a much higher price being fixed. With wheat and paddy growers being the major beneficiaries, there is a feeling of too little being done for non-paddy and wheat growers. Unfortunately these growers haven’t been cared for well enough.
The MSP announcement hasn’t gone down too well with many farmers. They want higher MSP or minimum support price. However faced with budgetary constraints this is perhaps the best the government could come up with to boost cultivation of oilseeds and pulses. Will it really encourage farmers?
A spell of prolonged dry weather in Brazil is expected to hit production of sugarcane, soybean and coffee besides corn. This has already stoked commodity-based inflation and as India directly and indirectly depends on Brazil, the inflation can be imported here. That will be a new headache for India.
Rakesh Tikait alleged the Centre wants to shift the farmers' agitation from Delhi's borders to Haryana's Rohtak-Jind belt. This "ploy" will not be allowed to succeed, he added.
The change to hemp growing rules comes amidst efforts to diversify the nation’s exports at a time of grave financial crisis
Unseasonal rains and the second wave of COVID-19 infections have hit the Indian mango industry hard. The crop is down nearly 50% and the lockdown has seen buyers absenting from the markets. The farmers ruing their fate even as buyers’ desire for the King of fruits hasn’t been satiated.
The sophisticated ransomware attack affected JBS servers in North America and Australia and is thought to have originated from a group operating in Russia
A high base effect has given its own colour to India’s agriculture GDP data. In fact the sector has been robust even as the nation will witness record food grain production. However the spectre of high levels of rural employment masquerading as being productive is actually hitting the productivity levels.
India is the world’s largest milk producer. It is not a simple story but a story of empowering the rural women. The Indian dairy industry has blossomed beyond anyone’s imagination. It plays a vital role in providing nutrition to the much-needed folks. The industry has also diversified beyond liquid milk.
Unmindful of the woolly virus, the Indian economy managed to put up a good performance in the Jan-March 2021 quarter. Although fiscal year 2020-21 was a bad one, sectors like manufacturing and construction have done well. A tad bit of a disappointment was the agriculture sector though a bounce back is possible.
Though the EU promises a multitude of benefits from its plan to make agriculture ‘green’, critics say the plan is too vague
High edible oil prices continue to be a major element of worry. The consumer affairs ministry has sought the opinion of the trade to ascertain what needs to be done. While increasing under oilseed cultivation is desirable, it is at best a long-term solution not a short-term remedy.
Indonesia, the world’s largest palm oil producer is worried about a fall in offtake by India. It is planning to slash an export levy to make its palm oil more competitive compared to the same oil from Malaysia. Indian imports in May 2021 have slowed creating a sense of utmost fear.
Extensive damage has been caused to crops in Gujarat as the severe cyclonic storm swept across the western coast.
If it is summer, then it’s time for luscious mangoes. However with the ongoing second wave of Covid-19 infection, mango growers and traders are a worried lot. They fear that the prices of the King of fruits will crash much like what happened in CY 2020.
Edible oil imports are going to get pricey. This means your cooking oil will be more expensive. More purchases by one nation, diversion of edible oil for making ethanol and drought have pushed international prices higher. A rise in edible oil prices will surely hit many Indian families’ budget.
Global sugar prices have rallied on the back of news of a shortage in Brazil. This is proving to be a major blessing for Indian sugar mills. However while the Indian sugar mills look to export , domestic sugar prices are also expected to rally leaving a bitter aftertaste for the Indian consumers.
Rating agency CRISIL has warned that a rapid spread of the second wave of Covid-19 infections in rural area could cause unthinkable damage to the rural economy.
Farmers in India have proved why they are the backbone of the nation. Unmindful of the pandemic, farmers in north India have raised a record output of wheat in rabi CY2020 and the summer acreage has also increased even though summer rains were 30% lesser than last year.