Indias food grain output to record 275.68 MT in 2016-17
The Dollar Business Bureau With good monsoon rains and various policy initiatives by the Government, India’s overall production of food grain to be increased by 2.3 million tonne to an all-time high of 275.68 million tonnes in the crop year 2016-17, according to the fourth advance estimates released by the Agriculture Ministry on Wednesday. Record production has been achieved in wheat, rice, pulses and coarse cereals in the crop year that ended in June. The previous record of food grain production was 265.04 million tonnes, achieved in the crop year 2013-14 (July-June). However, the output had dropped to 251.57 million tonnes in crop year 2015-16. “As a result of very good rainfall during monsoon 2016 and various policy initiatives taken by the Government, India ...
Wheat sowing rises 7%, pulse acreage up 11% this Rabi season
The Dollar Business Bureau Notwithstanding the government’s demonetisation scheme, sowing area of wheat increased 7% to 313.14 lakh hectares this season, while that of pulses also went up 11% to 157.68 lakh hectares so far during the ongoing Rabi (winter-sown) season. "As per preliminary reports received from the states, the total area sown under Rabi crops as on January 20, 2017, stands at 628.34 lakh hectares as compared to 592.36 lakh hectare this time in 2016," said an official statement. On November 8, Prime Minister Narendra Modi announced the demonetisation of Rs.500 and Rs.1000 notes, generating countrywide speculations that the cleanup drive will enormously hit the country’s agriculture sector. But thanks to good monsoon and higher support price, wheat was sown in 313.14 lakh hectares ...
Export bodies seek govt attention to arrest falling exports
Deepak Kumar | The Dollar Business Expressing concerns over continuous fall in overseas shipments, export bodies have called for immediate intervention from the government to draw a roadmap to boost the international trade. On Monday, the Director General of Foreign Trade (DGFT) is likely to hold a meeting with exporters and discuss measures to revive the sector. “We have a meeting with the DGFT on Monday next week. We have been requesting the government for over two-three months to set up a meeting with all the council chairmen, who will discuss about the major hindrances before the industry,” S C Ralhan, President of the Federation of Indian Export Organisations (FIEO), told the Dollar Business. Ralhan said the government must look into some ...
Indias cereal exports to Nepal forecast to increase sharply in 2014-15
The Dollar Business Bureau India’s exports of cereals to Nepal are expected to increase significantly in the marketing year 2014 – 15 (July – June) due to a below-normal harvest in Nepal this year. According to the UN’s Food and Agriculture Organisation (FAO), rice production in Nepal is expected to decline by around 9% y/y to about 4.6 million tonnes. This is mainly due to below average monsoon rains this year but floods and landslides in August 2014 in Nepal has also hurt production in the country, said FAO. Wheat and maize production in Nepal are, however, expected to remain at last year’s levels of around 1.9 million tonnes and 2.3 million tonnes respectively. Nepal is a major trading ...
