Agricultural goods can fetch India can earn additional $97 billion in exports: FAO

Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over $ 97 billion (about Rs 6.9 lakh crore) for India, as per data released by the Food & Agriculture Organisation (FAO). India’s export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese […]

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Global cereal production heading for a record high in 2019, says FAO

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FAO’s latest forecast for 2019 world cereal production is pegged at an all-time high of 2 714 million tonnes, up some 0.4 percent from the November figure and now almost 57 million tonnes (2.1 percent) above the reduced outturn in 2018. The month-on-month increase primarily reflects an upward revision to world coarse grains production, associated with higher-than-previously […]

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Meat products and vegetable oils push global food prices to 26-month high in November

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World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils, the UN food agency said in its latest report. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged […]

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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 […]

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