A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year’s estimates of 518 lakh tonne, an official release from the ministry said Wednesday. Wherein 496 lakh tonne was actually procured during the 2022-23 season. During 2023-24, the leading States in terms […]
Deficient Rainfall in several parts of India may cause pulse prices to surge, adding to the burden on the masses after rising vegetable costs. With the sowing season about to end, pulses sowing have declined further and is expected to be largely lower, according to a recent report. The report Monsoon and Sowing: Update released […]
The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till 31 December 2023. Earlier today, the Finance Ministry issued a notification stating that they have imposed a 40 per cent export duty on onions till December 31, 2023. […]
The Consumer Price Index (CPI) points to potential fluctuations in retail inflation in India, ranging from 5.6 to 6.6 per cent for July. This variation is primarily attributed to a surge in expenses within the food sector. The unveiling of this statistic by the government is scheduled for Monday. Over the past two months, food […]
Amid rising prices of onions in parts of India, the central government has started releasing the staple vegetable from its buffer stock. The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock. […]
The state governments along with oil palm processing companies have initiated a mega plantation drive to further increase the area under oil palm cultivation in the country. Three major oil palm processing companies- Patanjali Food Pvt. Ltd., Godrej Agrovet, and 3F are actively promoting and participating with the farmers in their respective states for record […]
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs under Ministry of Finance in its monthly review report. According to the provisional estimates released […]
While the falling economy continues to be one of the main issues for China and now its extreme weather conditions may open the gate of the food security crisis, Federico Giuliani wrote in InsideOver. China’s Meteorological Administration had predicted that the deadly El Nino is gripping it in the coming weeks and months will lead […]
Hyderabad-based AgriTech platform Lab2Land has entered into a partnership with credit infrastructure provider FinBox to address credit crunch challenges of agri retailers. This association aims to disburse around Rs 40 million digital credit to 5000 agri retailers. “There are three main challenges when it comes to the agricultural value chain – the rising cost of […]
Sonalika Tractors reported its highest-ever quarter first overall sales of 40,700 tractors in financial year 2024. According to the company, the monsoon season has rapidly expanded its pace in major parts of the country, which is a healthy sign for farming and groundwater replenishment in India. Alongside this, various government subsidies and MSP support have […]
