India approves mandatory packaging of food grains in jute bags which are in short supply for kharif procurement

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As news about shortage of gunny bags made out of jute creating hinderances in kharif procurement hit the market, the government decided to extend the norms for mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags. The decision on the extension of norms for mandatory packaging in […]

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India’s agriculture ministry pegs Kharif foodgrain production at a record 144.52 million tonnes in 2020-21

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Foodgrain production is pegged at record 144.52 million tonnes in the 2020-21 kharif season notwithstanding COVID-19 crisis, Agriculture Minister Narendra Singh Tomar said. Foodgrain production stood at 143.38 million tonnes during the 2019-20 kharif season, as per official data. Currently, harvesting of kharif crops is underway. Rice is the main kharif crop. “Foodgrain production will […]

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NCDC sanctions Rs 19,444 crore to three states for paddy procurement at MSP

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National Cooperative Development Corporation (NCDC), the apex financing organization of the agriculture ministry, has sanctioned as first instalment, funds amounting to Rs 19,444 crores to the states of Chhattisgarh, Haryana and Telangana for kharif paddy procurement under minimum support price (MSP) operations, according to a government statement. Chhattisgarh gets the highest amount to the tune […]

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Procurement of kharif season groundnut to start after Diwali in Gujarat

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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 […]

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Onion prices in India threaten to rise again on fall in production fears and rise in festive season demand

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Come October-November, onion prices may skyrocket, like they did last year and around the same time in many of the previous years, exposing the absence of a policy paradigm to ensure price stability of India’s staple vegetable, despite it being a political hot potato, Financial Express reports. Already, wholesale onion prices have nearly doubled within […]

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Global alert for La Nina; high chances of increased rainfall

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Global weather forecasters have issued a La Nina alert, indicating high chances of rainfall in India. This will further increase monsoon rainfall and boost India’s rural economy with a record harvest. The Australian Bureau of Meteorology (BOM) raised its El Niño-Southern Oscillation Outlook to La Niña ALERT status, meaning the chance of a La Niña occurring this […]

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