USDA projects India’s cotton production to rise to 29.5 million bales in 2019-20; pegs soybean crop at 11 million tonnes

The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.5 million 480-pound bales, up nearly 2 per cent from last month and up 11 per cent from the previous year. The increase is based on improved weather conditions in the major cotton areas of Gujarat and Maharashtra. Harvested area is […]

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Kerala, Andhra Pradesh to ink cashew supply pact for laddus at Tirupati temple

Gods in India do answer prayers. The Kerala government is close to clinching a cashew supply pact with Andhra Pradesh for Tirupati Venkateswara temple which needs 3,000 kg cashew nuts daily for preparing laddus (a sweet) distributed as a holy offering. Other temples, under the Temple Board Tirumala Tirupati Devasthanam, that use cashew nuts in […]

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Cotton prices start rising on monsoon-led crop damage, pink bollworm attack

Cotton prices have started rising the past one week due to lower production estimates this year, following reports of crop damage on erratic rainfall and pink bollworm attack on standing crops in major growing regions, reports Business Standard. Data compiled by Agmarknet.in showed raw cotton prices in Warangal mandi surged by 7 per cent the past 10 days […]

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Rain-guarding helps rubber output go up by 14,000 tonnes in July 2019: Rubber Board of India

According to the Rubber Board of India, timely rain-guarding has increased natural rubber output in India by 14,000 tonnes in July 2019, on an year-on-year basis. The production recorded in July was 60,000 tonne, while it was 46,000 tonne in July 2018. “Confronted with a drastic reduction in production during the last few years, the […]

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Indian economic growth ‘much weaker’ than expected: IMF; Industrial production growth slows to 4.3% in July 2019

India’s economic growth is “much weaker” than expected, the IMF said, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. The International Monetary Fund (IMF) projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, […]

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Amul plans smaller dairy pack sizes for price-conscious rural market: Business Standard

Gujarat Cooperative Milk Marketing Federation (GCMMF), the producer of Amul brand dairy products, is planning to penetrate rural India with smaller pack sizes of pasteurized milk derivatives. The decision coincides with the organisation’s expansion in urban India through new product innovations. India’s largest dairy brand, Amul, is looking to launch price-based products with dairy, milk, ghee and […]

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Indian Sugar Mills Association (ISMA) has called for adoption of international laws and practices on cane pricing

The Indian Sugar Mills Association (ISMA) has called for adoption of international laws and practices on cane pricing. Cane price should be automatically determined as a percentage of revenue from sugar and/or by-products, top officials of the association said. “If India has to become competitive, cane pricing policy should be rationalised quickly because there is […]

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