Global shrimp prices are expected to face pressure over the next few months as global trade adjusts to the changing demand dynamics in China, a key importer and consumer of farmed shrimp, credit rating agency ICRA said. The report revealed that India is also likely to be affected from not only a reduction in Chinese […]
Milk prices, which have risen by Rs 4-5 per litre over the past nine months, are likely to stabilise in 2020-21 as production is expected to pick up due to abundant water availability and anticipated normal monsoon, according to a CRISIL report. Production of milk has been shrinking since April last year due to high […]
A surge in onion prices contributed around 70 basis points to retail inflation that scaled a 68-month peak of 7.59 per cent in January, chief economic adviser Krishnamurthy Subramanian said, stressing that the latest spike in inflation is “transitory” and is substantially driven by volatile vegetable prices and an unfavourable base, reported Financial Express.. He […]
Maharashtra has set a record of making payments to farmers this season. Mills in the state have paid around 84.14 per cent of the Fair and Remunerative Price (FRP) dues to farmers totalling Rs 4,886.70 crore for the 2019-20 season. Around 15.87 per cent of the cane arrears, amounting to Rs 921.61 crore, still remain […]
Iran overtook Russia to emerge as the top buyer of Indian tea last year, after sanctions against the Islamic Republic halted imports other than specially negotiated deals, reports Bloomberg. India and Iran have been trading through a rupee-based bank account to bypass restrictions imposed by the US. While this bilateral trade has boosted imports of […]
The National Bulk Handling Corporation (NBHC), which has come out with its first rabi crop estimates for 2019-20, said the total rabi cereals production for 2019-20 is expected to increase by 4.52 per cent to 1,342.3 lakh tonnes from 1,284.3 lakh tonnes in 2018-19. NBHC said the wheat area is expected to increase by 12.03 […]
Australian malt barley could enter Indian market this year after New Delhi removed a phytosanitary requirement of treating the grain with methyle bromide that acted as a roadblock to its sales into the country, reports PTI from Melbourne, Australia. India has changed a requirement of treating the grain with methyl bromide which reportedly reduced the […]
Responding to activist’s petition on the increasing use of aerial spraying and consequent damage to the environment, the central government has recently decided to make the pesticides spraying through drones as ‘illegal’. Moreover, the Union Government has clarified that drone-spraying is illegal. “As per the provisions of Insecticides Act 1968, aerial application of pesticides needs […]
The National Commodity & Derivatives Exchange (NCDEX) has stated that it has maintained its leadership position in January with its performance in the agri-commodities segment. The exchange led the agri-derivatives market in India across number of contracts, open interest in value and traded value. Reflecting 72 per cent of total market share, the exchange registered […]
Inaugurating the UN World Pulses Day celebrations in New Delhi, Union Minister for Agriculture & Farmers Welfare Narendra Singh Tomar said that initiatives of the Government in increasing pulses production in the country yielded positive results and Government is committed to provide remunerative prices to farmers for the produce, a release by Press Information Bureau […]
