Search Result for : Agricultural Products Exports

The Dollar Business Bureau The Commerce and Industry Ministry will soon bring in a policy framework for facilitating access to global markets for the Indian agriculture produce, Union minister Suresh Prabhu said while addressing an agri summit. Prabhu, who took charge as Commerce and Industry Minister recently, said that his ministry will work on developing global supply chain for the agriculture sector.  Addressing the agri summit the minister said that multilaterally there is also need to work on removing trade restrictions with an aim to boost Indias agri exports. "If they (farmers) produce something, they (should) get an access to global market and get better prices for that, and for that we will put in place a good policy framework very soon," Prabhu said. "We have ...

Deepak KumarWhile India boasts of having the second largest arable land in the world, only behind the United States, with its diverse weather and climatic conditions and entrepreneurial spirited farmers; the domestic food industry continues to lag behind its true potential, registering just about a decent growth in terms of overall food production as well as exports. Several domestic phenomena, in particular, the unfavourable weather conditions for the last two years, coupled with the government’s old habit of overlooking farmers and its excessive reliance on imports have been key factors for a less-than-potential growth of the sector. The farmers have gradually started to abandon agriculture as an occupation and started to explore other options, as they find farming no ...

The Dollar Business Bureau The expected paddy crop during year’s Kharif season in Odisha may prove to be very beneficial for the farmers as the state government will be getting a record quantity of the produce from the peasants with a vision to enhance the rural economy.   The crops will be procured from 10 districts of the state namely Cuttack, Jajpur, Kendrapara, Balasore, Jagatsinghpur, Mayurbhunj, Bhadrak, Khurda, Puri and Nayagarh with the State Food and Civil supplies Minister Sanjay Dasburma in the process of reviewing arrangements for the same. According to him, the government will be fetching paddy worth Rs 7,500 crore and the entire procedures of paddy procurement will be carried out through primary agricultural cooperative societies (PACS). The minister also noted ...

Sharath Chowdary Hyderabad chapter of The Indus Entrepreneurs (TiE) organised a summit on Agri Innovation Summit for the benefit of entrepreneurs and startups in Agri-tech industry. The objective was to bring together policy makers, influencers, entrepreneurs, academicians, researchers, progressive farmers, investors, all under one roof to deliberate, discuss and find ways and means to rejuvenate India’s past glory.  Emphasising on the summit’s objective, Challa said, “During the Budget speech, Union Finance Minister has boldly addressed that farmers’ income will double in the next five years. Thus, keeping in mind the vision, TiE Agri- Innovation Summit is initiated.” He was of the opinion that, a way to achieve the vision is by increasing productivity and reducing inefficiency in the system, which will make ...

Shrimps, particularly the L. Vannamei variety driving phenomenal growth of India’s seafood production and exports The Dollar Business Bureau | @TheDollarBiz India’s seafood exports grew at a record 60% y-o-y in FY2013-14, reaching around Rs.30,213.26 crore (almost $5 billion), compared to Rs.18,856.26 crore earned in the previous year, according to the Agriculture Ministry. Unit value of seafood exports have improved significantly and steadily in the recent years, reaching Rs.3,07,121.48 per tonne in FY2013-14, which is more than double the unit value of Rs. 1,48,113.16 per tonne seen in FY2009-10. Unit value of seafood exports grew by almost 50% Y-o-Y in FY2013-14 alone. Source - Ministry of Agriculture Higher returns have also led to robust growth in production which has grown ...

The Dollar Business Bureau | @TheDollarBiz   India’s agriculture exports are dominated by cereals, while value-added agri exports remain low   India’s agricultural products exports have increased to $31.26 billion in FY2013-14 against the target of $22 billion. This comes in the backdrop of the shortfall of India’s overall exports of around $313.5 billion in FY2013-14 against the target of $325 billion. However, India’s agri exports remain much below potential, say experts. India is a top producer of several agricultural products including rice, milk, and fruits and vegetables. While most of it consumed in the domestic market, India wastes significant quantities of agri products due to poor handling and lack of adequate storage facilities. It is estimated that India wastes nearly 18% of ...