India’s vegetable oils import rose 26 per cent to 14.12 lakh tonnes last month on sharp jump in shipments of refined palm oil, the highest since May 2013, according to latest data from the Solvent Extractors’ Association of India (SEA). Imports of vegetable oils (edible and non-edible) stood at 11.19 lakh tonnes in July last […]
Prime Minister Narendra Modi made an emotional appeal to farmers to reduce use of chemical fertilisers and pesticides by 10-25% to save the soil. He invoked the sacrifices of freedom fighters and asked farmers to get blessings in saving ‘Mother Earth’ by reducing the chemicals used in agriculture. Pointing out that no one has the right to […]
Vegetable prices have risen 25%- 40% over the past week in western and southern India because of heavy rainfall in the region that has damaged crops and disrupted transportation. Traders in Mumbai, Belgaum and Indore said vegetable prices are likely to remain high until the next harvest in about two months, reports Economic Times. However, […]
Average wholesale prices of onion in the country’s wholesale market at Lasalgaon have gone up to Rs 1,600 per quintal owing to high demand from other states. Arrivals this week touched around 22,000 quintals and minimum prices were Rs 700 per quintal while maximum prices were Rs 1,760 per quintal. Market committee officials said that […]
World soybean demand in 2019-20 marketing year (October-September) is projected at 148.86 million tonnes, up 1 per cent year on year, due to increased Chinese purchases, according to the latest report by the US Department of Agriculture (USDA). The world’s top soybean importer, China is expected to buy 85 million tonnes of soybeans in 2019-20, […]
Nafed and Food Corporation of India, among themselves, have procured nearly 38 lakh tonne of oilseeds and pulses under the flagship PM-Aasha scheme during both kharif and rabi seasons of 2018-19 crop year (July-June), as more and more farmers prefer to sell their crops to government agencies for getting the MSP benefit, says a report […]
Dr Ashish Kumar Bhutani, CEO, Pradhan Mantri Fasal Bima Yojana (PMFBY) and Joint Secretary (Credit), Ministry of Agriculture and Farmers’ Welfare said that the country needs a technological breakthrough to make crop insurance scheme a success in India, said a press release. Speaking at the ‘National Conference on Risk Mitigation through Tech Innovations in Agri Insurance’, […]
The government aims to cover this year as many as 10 crore farmers under the PM-Kisan scheme, wherein they will be given Rs 6,000 annually in three equal instalments, Agriculture Minister Narendra Singh Tomar said. Around 5.88 crore small farmers have so far received the first tranche of Rs 2,000 each under the Pradhan Mantri […]
The deficit in southwest monsoon has narrowed and the sowing of summer (Kharif) crops is progressing well across the country, Agriculture Minister Narendra Singh Tomar said. The India Meteorological Department (IMD) has projected overall monsoon to remain normal. However till August 8, rainfall is 5 per cent below the normal level. “Monsoon was delayed a […]
Markets regulator, the Securities and Exchange Board of India (SEBI) has directed commodity exchanges to form a product advisory committee (PAC) for each group or complex of commodities within a month to bring transparency in the designing process of commodity derivatives contracts. In a circular dated August 7, Sebi asked commodity exchanges to form committees for each product or […]
