Logistics nightmare scuttles ethanol blending programme; targets likely to fall short

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Failing to create adequate tankage for ethanol supplied by sugar producing distilleries, oil marketing companies (OMCs) have started reallocating contracted quantities from several depots, which the distilleries had competed to obtain, to faraway depots in other states. This takes several days, resulting in huge financial losses to the distilleries. In a series of letters exchanged […]

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Australia to harvest record amount of wheat in 2020/2021 season

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Australian farmers will harvest a record amount of wheat during the 2020/21 season, the country’s chief commodity forecaster said, after heavy rains in the country’s key producing regions boosted yields. With harvesting nearly complete, output will total a record 33.34 million tonnes in the season ending in July 2021, the Australian Bureau of Agricultural and […]

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WEEKLY WRAP UP- Post Covid, a new world order emergeth: Modi

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The Group of 20 major economies need to focus on broad-based vaccine rollouts and consider all financing options for deeply distressed countries, including an allocation of International Monetary Fund Special Drawing Rights (SDRs), IMF’s chief economist Gita Gopinath said. She also called for additional for poor countries who could “barely spend during this pandemic” and […]

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Soybean meal exports from India rise almost 600% in January 2021

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South America’s adversity has turned out to be India’s blessing. Because of planting delays and the rains that have disrupted soyabean plantation and delayed harvest in south American countries like Brazil and Argentina, Soybean meal exports from India rose nearly six fold to 3.36 lakh tonnes during January because of higher demand in global markets. […]

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India’s indigenous pulse production saved whopping Rs 15,000 crore in foreign exchange annually: Minister Tomar

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India’s pulses production has increased significantly in the last few years, leading to a reduction in imports and an annual saving of Rs 15,000 crore in foreign exchange to the country, Agriculture Minister Narendra Singh Tomar said. Addressing a conference organised by Indian Institute of Pulses Research (IIPR) on World Pulses Day, the minister said […]

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India to set up 500 Farmer Produce Organisations by the end of March 2021

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In the wake of farmers’ continuing agitation, and after having formed the relevant guidelines five months ago, the government of India is planning to set up nearly 500 Farmer Produce Organisations (FPOs) by the end of March this year. The target is to facilitate rolling out of 10,000 such bodies across the country by FY24. […]

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