Sowing of pulses and oilseeds in Gujarat surges 140%; summer season sowing may cross 10 lakh hectare

Amid coronavirus pandemic, Gujarat is witnessing unprecedented rise of nearly 140 per cent in summer sowing with 9.57 lakh hectare being already sown in the state till Tuesday as compared to previous year’s 6.82 lakh hectare, reports Financial Express. Sources in the state agriculture department said they were expecting further increase in sowing and according […]

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UP targets rabi wheat procurement of 5.5 million tonnes at Rs 1,925/quintal MSP

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The Uttar Pradesh government has set an ambitious wheat procurement target of 5.5 million tonnes (MT) for the coming 2020-21 rabi marketing season, reports Business Standard. The state cabinet meeting chaired by chief minister Yogi Adityanath last evening approved the rabi procurement policy under the minimum support price (MSP) of Rs 1,925 per quintal (100 kg) set by the […]

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Corona outbreak may boost India’s agri exports, says Agriculture Ministry analysis

Amid the crisis over the global market due to the Coronavirus outbreak, the centre has identified 21 agricultural products wherein India can grab part of China’s market share. As per reports, these include honey, potatoes, grapes, soya beans, and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods across the global […]

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Domestic non-basmati paddy prices rule firm over damage to crop last year

Amid the setback faced by the Indian basmati exporters over stalled shipments due to the ongoing US-Iran standoff, the prices of non-basmati paddy are holding firm and rising in some local markets after reports of crop damage following last year’s heavy rainfall and subsequent flooding in major growing areas have surfaced, Business Standard reports. After the advisory by All India Rice […]

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Wettest monsoon in 25 years could lift 2020 wheat output to a record high

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India’s wheat production could jump to a second consecutive annual record in 2020 as the wettest monsoon in 25 years is set to help farmers in expanding the area under the winter-sown crop while also boosting yields, industry officials told Reuters. But that higher production would add to India’s already swelling inventories, potentially forcing the world’s second-biggest wheat producer to […]

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Government planning to infuse funds into FCI; raises authorised capital to Rs 10,000 crore

The Cabinet on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from the current Rs 3,500 crore. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing the authorised capital of the FCI. “With the increase of authorised capital, additional equity capital […]

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