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 […]
Cotton prices are likely to remain under pressure below the minimum support price (MSP) for a better part of the 2020-21 season, reports Financial Express. A record carryover stock of 107.5 lakh bales (170 kg each) is also adding to low prices of cotton. Last year, carry stocks were 32 lakh bales. Atul Ganatra, president […]
India’s sugar production is estimated to increase by 13 per cent to 31 million tonnes in the 2020-21 marketing season starting this month, on likely higher availability of sugarcane, according to industry body ISMA. The output has been estimated after taking into account a likely diversion of about 2 million tonnes of cane juice and […]
Demand for electricity in India for September recorded a 4.6% growth y-o-y to 112.4 billion units (BU), making it the first month in the ongoing fiscal to post a positive growth. This is a clear indication of industrial and commercial activities in the country picking up. Power consumption in the country had fallen off by […]
Three consecutive blasts led to a massive fire at Oil and Natural Gas Corporation’s (ONGC’s) Hazira gas plant in Gujarat yesterday. The fire is likely to impact the overall natural gas production in the country as Hazira contributes around 45 per cent to ONGC’s gas production. According to industry sources, the fire, which was caused […]
State-run Indian Oil Corporation (IOCL) board approved an integration plan for its petrochemical and lube facilities at its Gujarat refinery at an estimated cost of Rs 17,825 crore to boost its capacity to produce petrochemicals. The Gujarat refinery upgrade is expected to be completed in 42 months. The development is in line with the IOCL’s […]
The Gujarat state government has set the ball rolling for land allotment in the Kutch district for the largest hybrid renewable energy (RE) park in the world. This move follows the Gujarat cabinet’s recent clearance of a long-standing proposal of establishing 30,000 megawatts (MW) renewable energy (solar and wind) park spread over 60,000 hectares of […]
Following a bumper groundnut crop projection after a record sowing of the oilseeds for kharif 2020-21, the Gujarat government announced to start operations for groundnut procurement at minimum support price from 19 November, 2020 onwards. The state estimates the output of oilseed crop at 54.6 lakh tonnes for Kharif season 2020 Jayesh Radadiya, Minister for […]
The country’s first e-kisan mandi became operational in Pune last week, reports Financial Express. The Pune facility includes around 30 FPCs in Pune district. Traders or retail market chains will be registered on the mandi for making online purchases from farmers. NAFED’s arm, Federation of Farmer Producer Organisations and Aggregators (FIFA) entered into a 51:49% […]
The Gujarat government is in the process for a strategic tie-up with multinational giant Amazon Fresh to ensure higher prices to horticulturists by giving them a platform to sell their produce in larger cities, Financial Express reports. Sources in the state agriculture department told Financial Express that the idea is to create a nationwide supply […]
