Agricultural exports shoot up 17.5% in 2020-21; pandemic shadow looms over repeat performance

India’s agricultural exports grew 17.5 per cent to cross $41.8 billion in 2020-21. In the corresponding period the country’s overall merchandise exports fell 7.2 per cent to $290.8 billion, from $313.4 billion in 2019-20, The Indian Express reported. The farm sector’s standout export performance, the best since the $43.25 billion of 2013-14, was thanks to […]

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Pandemic tears through India’s agriculture commodity demand; exports show resilience

India’s agriculture industry is in a wait-and-watch mode amid the worsening pandemic situation, as localised lockdowns have stagnated market demand, while any subsequent stricter restrictions in the coming days are expected to slow down trading activity and disrupt supply operations. Even though agriculture and allied activities are exempted from government restrictions so far, several markets […]

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Bayer AG to support Atal Innovation Mission for agri and health programmes

Germany-based global life science major Bayer AG has signed a statement of intent (SoI) for a strategic partnership with Atal Innovation Mission (AIM), the government’s programme to create and promote innovation and entrepreneurship.  The SoI will span promotion of science education, advancing digital solutions and agri-tech to strengthen supply chains, and healthcare projects, the company […]

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Cabinet approves pact between India and Fiji for agricultural co-operation

The Indian cabinet has approved the Memorandum of Understanding (MoU) between the India’s Ministry of Agriculture and the Ministry of Agriculture of the Republic of Fiji. The MoU between India and Fiji calls for collaboration in a number of ways, including the promotion of joint projects between the two countries’ private sectors.  The arrangement also […]

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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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NABARD creates Rs 5,000 crore micro irrigation fund

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The Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) is implementing a Centrally Sponsored Scheme of  ‘Per Drop More Crop’ component of ‘Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC)’ from  2015-16 in all the States of the country.  The scheme will focus on enhancing water use efficiency at farm level through Micro Irrigation also known as Drip and Sprinkler irrigation […]

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Rise in non-energy commodity prices in 2020 fastest since 2011

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Commodity prices have risen rapidly as the manufacturing side of the global economy bounces back from the first wave of the coronavirus epidemic and lockdowns last year. By November 2020, global manufacturing activity had recovered all of its pandemic-related losses and merchandise trade volumes were more than 1% higher than prior-year levels. In contrast, much […]

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