Search Result for : Farmers

The Dollar Business Bureau Rising global demand for potash a widely used fertiliser, could make India sign costly import contracts in 2017 compared to that of last year. Incidentally, in April the government has decided to reduce the subsidies to the farmers thereby reducing the demand of potash in the country. India is one of the top buyers of the crop nutrient and helps set the global benchmark along with China. Its contract prices are keenly watched by other buyers like Indonesia and Malaysia. Recently two of the biggest potash producers, Potash Corp of Saskatchewan and Russia's Uralkali, have tightened the prices of potash by reducing their output. Potash Corp expects global shipments this year to increase to 3 million tonnes compared to that of ...

The Dollar Business Bureau The Indian government is under pressure from the local oilseed crushers to raise the import duties on edible oils after domestic oilseed prices slumped way below the government support levels.  Cheap edible oil imports from Malaysia, Brazil, Indonesia and Argentina are crushing the demand of local oilseeds like rapeseed and soybeans while farmers are struggling to compete with them. The prices of local oilseeds slumped to a new low, over the past 14 months due to bumper crop production.  Affluent oilseed farmers are pressurising the government to increase the import duties to encourage domestic oilseed cultivation for 2017-18.  Davish Jain, Chairman of the Soybean Processors Association while speaking to the press said, “It's high time to do it. The sowing ...

The Dollar Business Bureau The country is looking at good wheat output this year. Wheat procurement is generally done during April to March wheat marketing year. But this year procurement of wheat was taken up a month earlier by the Food Corporation of India. Till now about 30.1 MT of wheat has been procured by the FCI and other state agencies in the ongoing rabi marketing season of 2017-18. This is far beyond last year's total purchase of 22.9 MT of wheat. Wheat is procured from the farmers at a minimum support price which is now Rs 1625/quintal a marginal increase of Rs 100/quintal from the price offered last year. The government buys wheat from the farmers at the MSP rate specified to ...

Aamir H Kaki  The modest and humble guar gum, a low-value crop grown on marginal land got transformed into one that can generate substantial income for farmers in recent years. The modest seed mostly harvested in the tropical regions of India (Rajasthan, Haryana and Gujarat) and Pakistan, used as a food crop for animals, gained international fame due to its viscosity. The innocuous looking seed/powder transformed into a product that can generate substantial income for processors, manufacturers, traders and farmers. Owing to its usefulness in food, paper, textile and in the gas and oil industries India’s export of guar gum powder, saw a steep increase from a mere $84.7 million in 2001-02 to $3,930 million in 2012-13, becoming the largest agricultural export ...

Sourced from Press Information Bureau The Department of Agriculture, Cooperation and Farmers Welfare has released the Second Advance Estimates of Area and Production of Horticulture Crops for 2016-17. These estimates are based on the information received from different State/UTs in the country. The production of horticulture crops in the country during 2016-17 is estimated to be more than 295 million tonnes which 3.2 % higher as compared to the previous year’s 2015-16 estimates. The area under horticulture crops has increased from 245 lakh ha to 249 lakh ha in 2016-17 recording an increase of 1.9% over previous year.  Fruits production during the current year is estimated to be 93 million tonnes which  2.9% higher than the previous year.  Production of vegetables is estimated to be around 175 million tonnes which  3.5% higher than the ...

The Dollar Business Bureau With an 11% hike in the fair and remunerative price (FRP) of sugarcane, there could be a rise in the retail prices of sugar, industry body National Federation of Cooperative Sugar Factories (NFCSF) said. As per official data presently sugar’s retail prices are at Rs 40-45 per kg. In its public release on Wednesday the government stated that “The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for fixing the Fair and Remunerative Price (FRP) of sugarcane at Rs. 255/- per quintal (qt) for sugar season 2017-18 linked to a basic recovery rate of 9.5% subject to a premium of Rs. 2.68 per quintal for every 0.1% point increase ...

PTI The succulent Banganapalle mango has got a Geographical Indication (GI) tag, making Andhra Pradesh the proprietor of the variety know for its sweetness. The Registrar of Geographical Indications Registry, Chennai, O P Gupta has accorded the registration following an application from Horticulture Commissioner, Andhra Pradesh. The Andhra Pradesh government is the registered proprietor of the GI tag for mangoes, often hailed as "the king of fruits."  A GI tag indicates that the product comes from a specific region. Banganapalle mangoes have been grown for over 100 years in the state. It also known as Beneshan, Baneshan, Benishan, Chappatai and Safeda. Besides, they are also called Banaganapalli, Banginapalli, Banaganapalle. The fruits can retain their quality under cold storage even up to ...

The Dollar Business Bureau  PepsiCo Chairperson Indra Nooyi on Thursday called on Prime Prime Minister Narendra Modi to offer her company’s voluntary participation in India’s developmental projects, especially towards uplifting economic conditions of the farmers. “As I shared with Prime Minister Modi, PepsiCo is well positioned to help the government deliver on the national development goals he has outlined for farmers and supporting their livelihoods,” Nooyi said in a statement. “The Prime Minister and I had an engaging dialogue on how PepsiCo is making investments to grow, process and use more Indian-grown fruit for juice in our sparkling beverages,” she said. She also discussed with the prime minister the company’s plans of manufacturing new healthy products by using local recipes. “We also discussed our ...