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. Coffee Producers Urge Finance Minister Nirmala Sitharaman to Restructure Loans
Karnataka Growers’ Federation, an organization of coffee planters has appealed to the Finance Minister Nirmala Sitharaman to instruct banks to restructure the loans of ₹5000 crores. A delegation of the federation met the minister on 1st October and submitted a memorandum. While some of these loans have turned into non-performing assets (NPAs), some are under stress, amid a financial crisis brewing in the sector. Read more here.
2. Prices Of Basmati Rice, Edible Oils & Pulses Are Going High For Festive Season
Dry spells in August followed by heavy showers in September have impacted the basmati rice and pulses crop this year. As a result, their prices are riding high going into the festive season. The 1509 basmati rice variety that is used in biryani saw a 36% jump in prices at the wholesale level as compared to the last festive season. Also, certain categories of pulses have witnessed a rise of 10%-12%. Read more here.
3. First Consignment Of Kashmiri Walnuts Leaves For Karnataka
Karnataka is all set to get the taste of Kashmiri walnut. According to a release issued by the ministry of commerce and industry, the first consignment of Kashmiri walnuts was recently flagged off from Budgam. A truck carrying 2,000 kg of walnuts was dispatched to Bengaluru, Karnataka under the One District, One Product (ODOP) initiative of the ministry. Read more here.
4. Exporters Initiate Talks With Chinese Importers
Darjeeling tea exporters are in talking terms with Chinese tea importers to ship the quality first flush teas for the next season. Industry executives said that the development comes after the exporters lost several Japanese buyers. Chinese importers are willing to pay good prices for quality Darjeeling tea. If exports pan out as expected, China may soon become a preferred destination for Darjeeling tea. Read more here.
5. World Bank Project Promotes Premium Quality Rice In Joha Variety
The World Bank-financed Assam Agribusiness and Rural Transformation Project (APART) is promoting Premium Quality Rice (PQR) particularly the Joha variety. Major Joha varieties included in this are Kola Joha, Keteki Joha, Bokul Joha and Kunkuni Joha. APART stated that the project provides seeds, fertilizer, and pesticides to the farmers in the integrated crop management demonstrations. Read more here.
6. Centre Doubles Incentive On Sugar Used For Producing Ethanol
To encourage sugar mills to divert excess sugar cane or sugar for producing ethanol, incentives have been doubled from October 2021 onwards. The decision in this regard has been taken to promote ethanol production that would help in decreasing the country’s dependency on fossil fuels. Also, this would help in achieving the target of blending ethanol with petrol in line with the Ethanol Blended Petrol (EBP) program. Read more here.
7. KRIBHCO, CSC Tie Up To Market Agri-input Products
CSC e-Governance Services India has collaborated with Krishak Bharati Cooperative (KRIBHCO) to provide access to fertilizers and agricultural inputs to farmers. Common Services Centres (CSCs) will facilitate the sale and distribution of KRIBHCO products. These include fertilizers like imported urea, DAP, NPK/NPS, bio-fertilizer, city compost, zinc sulfate, certified seeds, and hybrid seeds. Read more here.
8. India Exports First Consignment Of Value Added Products Derived From Jackfruit & Passion Fruit
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated exports of the first consignment of various value-added and nutri-rich products. These products are derived from Jackfruit, Passion fruit and Nutmeg (Jaiphal) sourced from farmers in Thrissur, Kerala, to Melbourne, Australia. Also, these products have a shelf life of more than one year. Read more here.
9. Government Launches Schemes To Employ 10,000 Youth In Agricultural Sector
The J&K Tribal Affairs Department has launched an ambitious initiative to employ 10,000 tribal youth. The Sheep Farming scheme is aimed to build 1500 mini Sheep Farms this year, with a 30% increase each year. More than 6000 applications were received in different areas under the flagship initiative, which was launched in 13 districts for the development of 835 mini Sheep Farms. Read more here.
10. ChargeERP provides ‘Backup & Restore’ option to their users!
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