World production of major cereals seen declining in 2022, first time in four years

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World production of major cereals is expected to decline in 2022 for the first time in four years, while global utilisation is also seen down, for the first time in 20 years, according to a new report by the Food and Agriculture Organization of the United Nations (FAO). However, the use of cereals for direct food consumption […]

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Minimum Support Price for paddy hiked by Rs 100 to Rs 2,040 per quintal for 2022-23; other kharif crops MSP also hiked

India hiked the minimum support price for kharif crops by 4-9 per cent for the 2022-23 crop year, with paddy MSP being raised by Rs 100 to Rs 2,040 per quintal. The Cabinet Committee on Economic Affairs (CCEA) approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year. “The MSP […]

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Govt to support industry and farmers to increase maize production in India: Narendra Singh Tomar

India, under its crop diversification is promoting farmers to increase maize production through various initiatives. “The MSP of maize has been increased by 43 percent in last 8 years and with the increase in production the farmers are also getting benefited from this,” said Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare. “The popularity […]

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Global agriculture markets face huge risks from Ukraine war

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The Russian Federation and Ukraine are among the most important producers of agricultural commodities in the world. Both countries are net exporters of agricultural products, and they both play leading supply roles in global markets of foodstuffs and fertilisers, where exportable supplies are often concentrated in a handful of countries. This concentration, says the UN […]

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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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India’s agri exports up by 18 per cent to touch $ 10 billion in the first half of fiscal 2021

India’s exports of major 37 agriculture and processed products, promoted by Agricultural and Processed Food Products Export Development Authority (APEDA), jumped by 18 per cent to $ 10 billion during the first half of the current fiscal from the year-ago period. Wheat, maize, meat, dairy and poultry products registered impressive export growths. The overall export […]

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Centre to procure 40,000 tonnes of pulses in Karnataka under Price Support Scheme

Ahead of kharif crops arrival, the Centre has approved procurement of 40,000 tonne of pulses under Price Support Scheme (PSS) in Karnataka through nodal agency NAFED. “Fresh crop of Kharif Marketing Season 2021-22 (October-September) is expected to arrive soon. For other states, approval will also be accorded on receipt of proposals for procurement of pulses, […]

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International Grains Council cuts forecast for 2021/22 global wheat crop

The International Grains Council (IGC) cut its forecast for the 2021/22 global wheat crop, reflecting diminished outlooks for Russia, Canada and the United States. In its monthly update, the inter-governmental body cut its 2021/22 world wheat crop outlook by 6 million tonnes to 782 million tonnes. The Council attributed the cut from last month to […]

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