Indian cabinet hikes MSP of Kharif crops for 2019-20 season

In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all Kharif crops for 2019-20 Season. The move will lead to increased investment and production through assured remunerative prices to the farmers, an official […]

Read more

INTERVIEW – India’s crop protection major United Phosphorus expects surge in domestic sales soon

By Ritwik Sinha India-based crop protection major United Phosphorous Limited (UPL) is expecting a significant surge in sales in the domestic market in the near- to medium-term due to the government’s ambitious target to raise farmers’ incomes and robust growth in farm exports. UPL, which is among the top five global agro chemical companies after […]

Read more

Oil prices to be lower in 2019 on slower-than-expected global growth, rising non-OPEC supply – World Bank

VLCC-2.jpg

Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said. Metal prices are expected to continue a recovery in 2019 that follows a sharp drop […]

Read more

Global trade in agri-products to become important as climate change impacts production

8593860559_64cfa111b8_o.jpg

International trade in agricultural products will have an increasingly important contribution to feeding the planet, as climate change alters the ability of many regions to produce food, a new report by the UN’s Food and Agriculture Organization (FAO) said. International trade rules established under the auspices of the WTO and newer mechanisms created under the […]

Read more

Indian’s kharif acreage increases to 104.16 mln hectares; cotton, pulses fall

India’s major food grain crops have been planted on 104.16 million hectares (MH) so far this kharif season against an estimated 103.95 million hectares last year. The area under coarse cereal, cotton and pulses has fallen, while acreage of oilseeds, rice and sugarcane has increased, according to agriculture ministry data. The government is optimistic of […]

Read more

Chances of El Nino developing by end of year as high as 70 percent – WMO

El-Nino-Update.png

There is a 70% chance of an El Nino developing by the end of this year, according to the latest update from the World Meteorological Organization (WMO). Its intensity is currently uncertain, but a strong event appears unlikely, the agency said in a statement. The El Niño/Southern Oscillation (ENSO) is a naturally occurring phenomenon involving fluctuating ocean […]

Read more