India’s latest round of stimulus measures shifted focus back to longer-term growth by focusing on manufacturing and job creation, global rating agency Moody’s said, as it predicted a 10.6% contraction in the country’s real GDP in FY21, against a 11.5% drop forecast earlier. India’s economy has started to heal as is evident by a significant […]
After the new farm bills that recently became laws to allow barrier-free trading of agriculture commodities across the country, the Centre has asked states in India to reduce the mandi tax to 0.5 per cent. As a first step, the market fees on the electronic National Agriculture Market (e-NAM) platform must be reduced, the Centre […]
The government of Maharashtra has directed the companies selling hybrid cotton seeds to specify in detail the technology used in production of seeds on the pack, reports Financial Express. Seed companies in Maharashtra and other cotton producing states have expressed displeasure at this decision. Dilip Zende, director, quality control, Department of Agriculture, Maharashtra, told Financial […]
Milk production in Australia this year had seen a dramatic turnaround as a result of drought-breaking rains and an excellent pasture and crop growing season in eastern Australia, the US Department of Agriculture (USDA) said, adding that output in 2021 was forecast be hiher. It said in a report that milk production next year was […]
For the sugar season which has started, the annual production is estimated to be 326 lakh tonne, without any diversion towards ethanol, and the season has started with opening stock of 107 lakh tonne. Thus India’s sugar stock at the end of the season is estimated to be a whopping 433 lakh tonnes. Domestic consumption […]
The Soybean Processors Association of India (SOPA) has urged the petroleum ministry to ensure smooth and uninterrupted supply of hexane to soya processors. DN Pathak, executive director of SOPA, said the association has been informed by many of its members that they are not getting adequate supply of hexane in a letter to Tarun Kapoor, […]
India’s recent $36 billion-worth economic stimulus measures that aim to boost manufacturing and create more jobs present a potential upside to the country’s economic growth forecasts, Moody’s said in a report on Thursday. Only about a week ago, the global ratings agency had revised upwards its previous growth forecast for the South Asian nation. It had […]
The impact of recent farm laws introduced by the Indian government –including the right to farmers to sell their produce anywhere as well removing stock limits on essential commodities — will begin to be realised in the next 2-3 years, according to global consultancy PWC. The new laws have met with strong resistance in certain […]
Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]
Ten central trade unions have said they are going ahead with their planned nationwide general strike on November 26 and also announced their support to a two-day farmers’ agitation next week. The meeting of the Joint Platform of Central Trade Unions (CTUs) and sectoral independent Federations and Associations was held virtually on November 16, 2020. […]
