India sets foodgrain output target at record 328 million tonnes for 2022-23 crop year, 3.8% higher than last year’s output

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 […]

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India likely to hike further subsidy on ‘decontrolled’ fertilisers, because of spiraling prices

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 […]

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India expected to receive normal monsoon rains this year

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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 […]

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India’s food ministry achieves 741.62 lakh tonnes of paddy procurement till now during 2021-22 season

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 […]

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Maize exports between April 2021 and January 2022 surge over 29% against the entire fiscal 2022 exports

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 […]

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