India’s sugar production till the end of February 2020 declines by 22% to 19.5 million tonnes

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Sugar production till February 29, 2020, in the current sugar season (SS: Oct 2019-March 2020) has declined by 22 per cent to 19.48 million tonnes (MT), against 24.93 MT produced in the same period last season. From October 1, 2019, till February 29, 2020, there were 453 sugar mills in operations, against 520 mills in […]

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Soyabean kharif yield estimates revised to 93.06 lakh tonnes: SOPA

The Soybean Processors Association of India (SOPA) has revised estimates for the kharif 2019 soybean production from 89.94 lakh tonnes to 93.06 lakh tonnes. The revision is based on an extensive field survey conducted in Maharashtra, Madhya Pradesh and Rajasthan by two SOPA teams. The teams travelled almost 8000 km and visited every major soybean […]

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Dairy sector likely to attract Rs 60,000 crore over 5 years

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The country’s dairy sector hopes to see up to Rs 60,000 crore of new investment and creation of 10 million jobs in five years, in the wake of the Union Budget proposals, reports Business Standard. The finance minister had announced a target of doubling the annual milk processing capacity to 106 million tonnes, from the existing 53 million tonnes. […]

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Finance Minister promises to set up International bullion exchange at IFSC, Gujarat

During the Budget 2020, Finance Minister Nirmala Sitharaman proposed to set up an international bullion exchange at IFSC in GIFT City, which will lead to better price discovery of gold, create more jobs and enhance India’s position in such market. “With the approval of the regulator, GIFT City would set up an International Bullion Exchange(s) […]

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Potato production rises 51% to 52.5 million tonnes in over a decade: Agriculture minister Tomar

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India’s potato production increased 51 per cent to 52.5 million tonnes (MT) in over a decade, Union Agriculture Minister Narendra Singh Tomar said. Its production had stood at 34.7 MT in 2008, the minister added. Tomar pegged the potato output to grow about 3 per cent annually till 2050. Addressing a Global Potato Conclave in […]

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Potato cluster notified under Agri Export Policy by APEDA

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Considering the potential of production of potatoes near Agra region in Uttar Pradesh, potato cluster has been notified under Agri Export Policy (AEP) of Government of India. For the development of clusters, the Agricultural and Processed Food Products Export Development Authority (APEDA) is organizing meetings in the notified clusters under the Agri Export Policy announced […]

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Co-op sugar mills seek restructure of soft loans to factories in Maharashtra

The National Federation of Cooperative Sugar Factories (NFCSF) is seeking restructuring of the soft loans given to factories in past five years. The sugar industry is in deep financial distress and needs support, Prakash Naiknavare, managing director, NFCSF said to Financial Express. He also hinted at the possibility of the Centre raising the MSP of […]

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