With rumours abounding that New Delhi may apply a rice export ban to deflect domestic inflation, Indian basmati rice has been getting a premium of $20-30 (Rs 1,550-Rs 2,330) per tonne from nations in the Middle East. Exporters have obtained urgent communication from patrons to ship the fragrant, long-grain rice. A firm price trend in […]
The government has set the foodgrain production target at a record level of 328 million tonnes for the 2022-23 crop year on the back of good monsoon rains. The target is 3.8 per cent higher than previous year’s output. As per the second advance estimate of the agriculture ministry, foodgrains production is estimated to be […]
With retail prices of di-ammonium phosphate (DAP) and muriate of potash (MoP) rising steeply since November 2021, the government may soon announce another sharp increase in the subsidy on these fertilisers in order to reduce the cost of the key farming inputs to farmers, ahead of the kharif sowing season. In FY22, the government had […]
India will receive a ‘normal’ southwest monsoon (June-September) at 99% of the benchmark long period average (LPA), the India Meteorological Department (IMD) said. If the forecast comes true, the country will receive normal rainfall from the annual phenomenon for the fourth year in a row. Though India’s agriculture activities still depend significantly on the monsoon […]
The Centre has procured 741.62 lakh tonness of paddy in the ongoing 2021-22 marketing year so far at the minimum support price (MSP), Union Food Ministry said. “Till now about 105.14 lakh farmers have been benefitted with MSP value of Rs 1,45,358.13 crore,” the ministry said in a statement. A quantity of 741.62 lakh tonnes […]
India’s exports of cereals are rising in an unprecedented manner. While rice and wheat exports have witnessed big jumps, exports of maize also have surged in the current year. According to commerce ministry data, the country’s maize exports stood at $816 million during April-January 2021-22, up 29% over shipments of $634 million in the whole […]
With a modest increase in the YoY growth in rabi output, relative to the Kharif season, the Gross value added (GVA) of agriculture, forestry and fishing is expected to rise to 3.0 per cent in Q4 FY2022 (+2.8 per cent in Q4 FY2021) from 2.6 per cent in Q3 FY2022, says ICRA Update on Agri […]
Easing of import policy on pulses has resulted in record import of tur (arhar) dal. More than five lakh tonne of tur dal has been imported till December 31, 2021. The total imports are likely to cross 6.5 lakh tonnes by March-end as against 4.42 lakh tonne in 2020-21. This has resulted in stabilization of […]
Retail onion prices are not “extraordinarily high” to necessitate banning export of the key kitchen staple and buffer stocks are being released to cool down the prices further, Union Food Secretary Sudhanshu Pandey said. State governments are of the opinion that there is no possibility of sharp increase in onion prices in the coming days […]
Prices of onion are likely to go up substantially, with an erratic monsoon leading to an eventual delay in the harvest. The delay in arrival of the kharif crop and shorter shelf life of the buffer stock because of Cyclone Tauktae may result in a rise in prices, says a research note from CRISIL. CRISIL […]
