NCDEX maintains its iron grip on agri-derivatives; controls 72% market share

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 […]

Read more

PM KUSUM Scheme to cover 20 lakh farmers this year through Solar Pump Yojana

Aiming to reach the target of doubling farmer’s income by 2022, the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) scheme will be expanded to cover 20 lakh farmers across the nation. The Solar Pump Yojana which promises to fulfill the irrigation and water problems by providing a 60% subsidy to the farmer for […]

Read more

Farmers may soon start trading electronic warehousing receipts on e-NAM

Integration of electronic negotiable warehousing receipts (e-NWR) with the Electronic National Agriculture Market or eNAM, as announced by the Finance minister in her Budget speech on Saturday, is expected to be complete in one or two months. Warehouse receipts are issued by repositories who keep electronic records of goods deposited in a warehouse and subsequent transfers, in […]

Read more

No accurate data on the total count of farmers in India with the government: Report

As per the research reports of ‘The Hindu’, only 9 crore farmer families have been identified during provisioning for PM-KISAN in the last one year while the Centre counted 14.5 crore farmer families in the Agriculture census reports. While cores of rupees are spent every year on food subsidy and on subsiding farm inputs, but there is no accurate record of these farmers or their total count. Moreover, even if one assumes the […]

Read more

Government likely to announce two agriculture schemes in Union Budget 2020

The Centre is likely to announce two agriculture schemes during the upcoming Union Budget, as per an Economic Times report. One scheme will be related to crop diversification while the other will give financial help to form Farmer Producer Organizations (FPOs), according to the report. In the crop diversification scheme, the Centre is also likely […]

Read more

Despite Nov 22 deadline, sugar crushing in Maharashtra held up due to cane farmers’ demand for higher price

Not a single sugar mill has started crushing despite Maharashtra’s sugar season of 2019-20 officially commencing last Friday (22 November). The delay is being linked to the ongoing political crisis in the state and the aggressive agitation launched by farmer body Swabhimani Shetkari Sanghatana (SSS) for seeking higher prices for cane growers. The farmers’ outfit […]

Read more

Global production of organic Cotton up by 56%: report

Cotton-field.jpg

The global production of organic cotton has increased by 56 per cent to reach the highest levels seen in eight years, according to Textile Exchange’s 2019 Organic Cotton Market Report. The report shows that production of organic cotton reached 180,971 tonnes in 2017/2018 – although this represents just 0.7 per cent of the total amount […]

Read more

Farmer entrepreneurs become India’s largest grape exporter

grapes.jpg

A European Union rejection turned out to be a watershed moment for an entrepreneur’s endeavours who then converted his private grape export company to full-fledged farmer’s cooperative, which is now also India’s largest grape exporter, reports Financial Express. When a consignment from his company was turned down by the EU due to compliance failure in […]

Read more

India extends moratorium by six months on Rs 15,000 crore soft loan to sugar mills

Sugarcane-Cargill.jpg

As the Rs 15,000 crore soft loan scheme for sugar mills is moving at a snail’s pace, the government has extended the moratorium period for repayments by six more months, according to sources. Now, the moratorium period is one-and-a-half years. A moratorium period is a time during the loan term when the borrower is not […]

Read more