Do you know what’s happening in the Indian agricultural sector? Let’s have a look at the latest top 10 news.
1. Punjab government to distribute over 25,000 agricultural machines
Punjab Agricultural Department has launched a drive to offer more than 25,000 agri-machines and farm equipment to farmers for paddy residue management. Agriculture director Sukhdev Singh Sidhu said that the department had already approved roughly 430 applications for balers and basic sowing machines from cooperative societies and panchayats. Read more here.
2. PM Modi to release ₹19,000 crores under PM Kisan on 9th August
The Union Government will disburse the next installment of PM Kisan on 9th August. A total of ₹19,000 crores will be given to about 9 crores farmers. Under the scheme, the government will be providing the annual income support of Rs 6,000 to every land-owning farmer with a valid enrolment. Read more here.
3. India’s tea industry expects a better second quarter as retail demand picks up
Planters said that good monsoon rains will give a boost to tea’s demand in rural areas in the second quarter. The rise will not just be in domestic demand. Orders from the US, UK, and other countries are also expected to increase. Indian tea prices have been corrected over the last one month by 25-30%. Read more here.
4. NERAMC initiates first-ever export consignment of maize to Bangladesh
North Eastern Regional Agricultural Marketing Corporation Limited (NERAMC) has initiated its first-ever export consignment of Maize to Bangladesh. This consignment is sourced from the farms of Burigaon in Darrang District and will give a further boost to farmers’ income, especially during this pandemic situation. Read more here.
5. Stock in warehouses: Policy change leaves 15,000 tonnes of toor dal imports stuck
Traders who have imported about 15,000 tonnes of toor daal are stuck after the government changed its policy for the import of pulses from “restricted” to the “free” category. These importers had warehoused the goods in free trade warehousing zones (FTWZs) even before the government’s notification. Read more here.
6. India’s rice export to Vietnam is in trouble, prices hit a 4-year low
Rice is one of the top agri-export commodities of India but recently, its export has dropped to their lowest in four and a half years due to lesser demand and logistical bottlenecks. Meanwhile, the Indian rice export consignment to Vietnam is in trouble with importers in Vietnam bargaining hard for discounts and threatening to not buy the consignments. Read more here.
7. Government targets 3-fold increase in domestic palm oil output to cut down increasing import bill
The government has set an ambitious target of increasing domestic palm oil production three-fold. Currently, 3 lakh tonnes of palm oil is being produced and the government aims to increase it to 11 lakh tonnes by 2025-26. This step will help in reducing India’s high dependence on the import of edible oil. Read more here.
8. Bengal potato prices drop by 50% due to overproduction
Due to excessive production in major producing states such as Uttar Pradesh, Bengal, and Gujarat, potato prices in West Bengal have plunged by about 50% in less than 2 months. The wholesale price of the tuber (Jyoti variety) is presently resting at Rs500 to Rs550 per quintal, down from Rs1,000 to Rs1,100 in early June. Read more here.
9. Agriculture ministry to bring data policy for the farm sector
Agriculture Minister Narendra Singh Tomar said that the government aims to create a national database of farmers. He also said that they are in the process of bringing out a data policy for the farm sector. Tomar said that the government might use digitized land records as data attributes for creating this database. The linkage with a digital land record management system is essential to bring dynamism to the farmer’s database. Read more here.
10. ChargeERP expanded its social footprint
ChargeERP, the cloud-based online accounting software from Bijak has launched its Facebook page and blog. Follow us to keep yourself updated with the latest news, modern agricultural practices, technology, and more. ChargeERP blog has regular postings so that their readers’ don’t miss out on anything. Book a free demo by dialing +91 9311341199 or by visiting www.chargeerp.com.