Seafood exports are unlikely to meet the $7.8 billion target set for 2021-22, as the rising cases of Omicron have led to a business slump in Europe and the UK markets, besides host of other issues that put the exporters on tenterhooks. To add to its woes, the Chinese situation is still worse as it […]
India’s Union Food Secretary, Sudhanshu Pandey suggested the state government of Karnatka should encourage production of fortified rice locally and undertake fortification of rice at milling stage itself. He said FRK (fortified rice kernels) units should be set up to achieve the long-term objective of 100 per cent fortified rice for aspirational and heavy burdened […]
The Centre has procured 532.86 lakh tonnes of paddy so far in the ongoing 2021-22 marketing year season, with maximum quantities being purchased from Punjab, the Union food ministry said on Monday. “Till now, about 64.07 lakh farmers have been benefited with an MSP (minimum support price) value of Rs 1,04,441.45 crore,” the ministry said […]
Area sown to wheat, the main rabi crop, was down by 1.71 per cent at 333.97 lakh hectares so far in the ongoing 2021-22 rabi season as there was less coverage in Uttar Pradesh, Haryana and Madhya Pradesh, according to the latest data released by the Agriculture Ministry on Friday. Wheat was sown in 339.81 […]
Increased exports of marine products along with a sustained rise in non-basmati rice exports has been a prime contributor to India’s outbound shipments of farm products which is likely hit a record $ 45 billion in FY22. Between April and October in 2021, farm exports rose 24% from a year before to $ 27 billion. […]
The government’s food subsidy is expected to be a little less than Rs 4 lakh crore in the financial year 2021-22 as against Rs 5.29 lakh crore in the previous fiscal, Food Secretary Sudhansu Pandey said. “We are expecting little less than Rs 4 lakh crore food subsidy this year,” Pandey said during a virtual […]
Punjab and Haryana continue to impose higher statutory levies than other states on rice and wheat procurement by the Food Corporation of India (FCI). Before the launch of GST, these levies were between 13-14% in both states. The levies have come down now, but at 6-8.5%, they are still much higher than other states. These […]
Easing of import policy on pulses has resulted in record import of tur (arhar) dal. More than five lakh tonne of tur dal has been imported till December 31, 2021. The total imports are likely to cross 6.5 lakh tonnes by March-end as against 4.42 lakh tonne in 2020-21. This has resulted in stabilization of […]
Darjeeling tea, the flag-bearer of Indian tea and one of the most popular tea varieties globally, is staring at extinction. Production of Darjeeling tea has shrunk to 6.19 million kg in 2021, the lowest on record, according to the data provided by the Tea Board. Although a 0.63-million kg rise in production happened in 2020, […]
India’s sugar production is estimated to have risen by 4.75 per cent to 115.70 lakh tonnes during the October-December period of the 2021-22 season, sugar cooperatives body NFCSFL said. Sugar output stood at 110.45 lakh tonne in the same period of 2020-21 season. Sugar season runs from October to September. About 491 mills had crushed […]
