Want to know what is going on in the agricultural sector of India? Here’s a weekly round-up of the top 10 news.
1. Inventory Of Phosphatic Fertilizers Running Low In India
The inventory of phosphatic fertilizers in the Indian markets has dipped sharply. It is a cause of concern for the upcoming rabi season. This shortage of fertilizers is driven by the decline in imports from international markets. ICRA expects the Government of India to increase the subsidy rates under the NBS scheme to ensure adequate availability of phosphatic fertilizers for the upcoming rabi season. Read more here.
2. Experts Say Excessive Rainfall In September May Damage Kharif Crops
The above-normal rainfall in September as forecast by Indian Meteorological Department (IMD) will impact the Kharif crops of India. Agricultural experts said that rains are now helping crops like soybean, groundnut, pulses, paddy, bajra, maize, and cotton. However, if the rains are excessive and continue till the end of September they will damage crops making their prices go up. Read more here.
3. Amazon India Launches Kisan Store
Amazon is offering Indian farmers a single marketplace for all their agricultural requirements through Kisan Store. It is a combined initiative of Amazon and the Government of India. Farmers can now easily buy seeds, equipments, and other farming-related products. Before this, Amazon Retail had announced the launch of its agronomy services for farmers. Read more here.
4. Cabinet Increases MSP Of Rabi Crops For Season 2022-23
The Cabinet Committee on Economic Affairs (CCEA) has approved the increase in the Minimum Support Prices (MSP) of rabi crops for the Rabi Marketing Season (RMS) 2022-23. It is to ensure remunerative prices to the growers for their produce. The increase in MSP is in line with the Union Budget 2018-19 announcement of increasing it by at least 1.5 times to ensure a better income for farmers. Read more here.
5. India Approves Lentil Imports From Russia For Six Months
For the first time, the government has approved the imports of lentils from Russia. This will reduce the country’s reliance on Canada and Australia for imports. The move has resulted in a 2.5 % decrease in the value of imported lentils at several ports. Lentil prices in India usually remain high. Since February, their price in Madhya Pradesh, which is the country’s top producer, has risen by 55%. Read more here.
6. Fertilizer Shortage Hits Paddy Farmers In Andhra Pradesh
The acute shortage of diammonium phosphate (DAP) fertilizer in AP is likely to affect paddy cultivation. The paddy is being cultivated in more than 12 lakh hectares during this Kharif season. Even though Agriculture Minister has been asserting that there’s no shortage of the DAP, the farmers are worried due to the non-availability of the fertilizer. Read more here.
7. Dragon Fruit Is Making Its Way To Home Gardens In Kerala
As the commercial cultivation of dragon fruit is picking up in Kerala, several households are also hopping on the bandwagon. Rajan Varghese and his wife, Shailaja have plucked the first dragon fruit from the terrace garden of their house at Kanippayyur in Thrissur. The couple is among gardening enthusiasts in Kerala who are planting dragon fruits, which have emerged as a super crop in the last few years. Read more here.
8. Coffee Exports Rises by 14% between Jan And Aug 2021
Coffee exports are increased by 14% in the last eight months, owing to higher demand for Indian instant coffee, arabica parchment, and Robusta cherry types. From January 1 to August 31, the exports have increased to 2.56 lakh tons as compared to 2.25 lakh tons in the previous year. A sudden dip in coffee prices last year had many coffee farmers worried about their incomes. Read more here.
9. Arunachal Pradesh Keen On Oil Palm Cultivation
Arunachal Pradesh government is keen on reaping the benefits of oil palm cultivation. Chief Minister Pema Khandu has clarified that the 1.33 lakh hectares are identified for taking the National Mission on Edible Oils-Oil Palm (NMEO-OP) forward. He has told Agriculture Minister Narendra Singh Tomar to increase the oil palm coverage up to 15,000 hectares in the first year of the announcement of NMEO-OP. Read more here.
10. ChargeERP Added A New Inventory Module
ChargeERP, the easiest, fastest, and most secure mandi accounting software from Bijak has recently added an inventory module to their platform. With this tab, users will be able to keep a record of all their incoming and outgoing inventory in one place. While making Quick sale entries they will be able to see the remaining inventory balance of the items. Using the filters of items, the commission agents can generate detailed inventory stock reports.