India’s Cabinet Committee on Economic Affairs has approved the increase in the minimum support prices (MSPs) for all mandated kharif crops for marketing season 2021-22, a government statement said. It said the highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs. 452 per quintal) followed by tur and urad […]
Gujarat is all set to witness bumper summer crops of groundnut and sesame (til), thanks to increased sowing acreage and favourable weather conditions. Sowing of groundnut in the state has gone up by more than 26 per cent to nearly 60,000 hactare compared to last three year’s average of 46,800 hectare as per the data […]
A day after Britain announced plans to raise its corporation tax on big companies to 25% from 19%, the first hike in nearly half a century, the Organisation for Economic Cooperation and Development (OECD) asked countries to avoid tax hikes to tackle the COVID-19 crisis. “Don’t raise your taxes to pay for COVID,” OECD head […]
Arrivals of several crops in the organised mandis have picked up ever since the Supreme Court stayed the implementation of the three contentious farm laws on 12 January, 2021, according to official data on the Union agriculture ministry’s Agmarknet portal. Of the ten major kharif crops, mandis have seen increased arrivals in five crops – […]
The Union Budget did not propose anything transformative for agriculture as a sector. It is a neutral budget for the sector. It highlighted how the MSP and Procurement volumes went up in the last few years. High procurement values of wheat, rice and pulses in 2020-21 should give sufficient cash in the hands of farmers […]
The sudden rains towards the end of monsoon leading to floods in certain areas of the country may hit harvest ready crops such as cotton, groundnut, moong, tur, maize and even paddy. Areas in Andhra Pradesh, Telangana, Maharashtra, Gujarat and Karnataka are reported to be badly hit by the rains. Preliminary estimates suggest that standing […]
Prices of edible oil prices in Maharashtra have gone up by 10-20 per cent ahead of the festive season, compared with prices in April, claims a report in the Financial Express. Prices of palm oil have gone up from Rs 1,375 per 15 kg pack in April 2020 to Rs 1,500 per 15 kg, up […]
The Solvent Extractor’s Association of India (SEA) has estimated the total production of oilseed crops, grown during the kharif and rabi seasons in the 2019-20 (November-October) season, at 251.49 lakh tonnes, nearly 3 per cent higher compared with 244.08 lakh tonnes last year due to higher yield in groundnut and castor seed. According to SEA’s […]
India has been importing oilseeds more aggressively than exporting it. As per the government data for past four years, oilseeds imports to India have jumped 226 per cent as against 14 per cent dip in exports. Data from the Directorate General of Foreign Trade (DGFT), as compiled by the Solvent Extractors’ Association of India (SEA), […]
The Indian government announced it was raising the minimum support price (MSP) for kharif crops by 50 percent to ensure remunerative prices to the growers for their produce. The government’s strategy is one of promoting sustainable agriculture with diversified cropping pattern matching with the country’s agro-climatic conditions, towards higher productivity without jeopardising nation’s bio-diversity, a […]
