Top 10 News Of The Week (8th January to 14th January)

Weekly round-up of the top 10 news Weekly round-up of the top 10 news

Want to know what is going on in the agricultural sector of India? Here’s a round-up of the top 10 news.

1. Assam Government To Procure Paddy At MSP From Farmers

Assam government has initiated steps to procure 10 lakh MT paddy at Minimum Support Price (MSP) from farmers to give them a major financial relief and make agriculture economically more viable. Chief Minister Himanta Biswa Sarma directed to step up measures for procurement of paddy in the state by agencies including FCI, AFCSCL, NAFED, NACOF, NCCF, and ASAMB in a meeting. He also gave directions to ensure that only genuine farmers get the benefit from this initiative. Read more here.

2. Demand Goes Up For Fresh Fruits, Importers To Increase Storage Facilities

Fresh fruit importers in the country are increasing their warehousing and cold storage facilities due to a surge in Covid cases. The demand for imported fruits has increased in the country and fresh fruit importers intend to keep the supply chain smooth. Post pandemic, a great surge in demand has been observed for imported fruits for their immunity-enhancing and nutritional properties. Over the years, other factors like healthy lifestyle choices, rising incomes, and increased affordability have also contributed significantly to the rising demand. Read more here.

3. Govt Secures USDA Approval For Export Of Indian Mangoes To America

India has secured approval from the United States Department of Agriculture (USDA) for the export of domestic mangoes to America in the new season. The export of Indian mangoes has been restricted by the US since 2020 as the USDA inspectors were unable to visit India for inspection of irradiation facilities due to restrictions imposed on international travel because of the COVID-19 pandemic. On November 23, 2021, the Department of Agriculture and Farmers Welfare and the USDA signed a framework agreement for implementing the “2 Vs 2” agri-market access issues. Read more here.

4. Wheat Sowing Down Marginally This Rabi Season

Area sown for wheat, the main rabi crop, was down by 1.71% at 333.97 lakh hectares in the ongoing 2021-22 rabi season as there was less coverage in Uttar Pradesh, Haryana, and Madhya Pradesh. The sowing of rabi crops like wheat begin in October and harvesting happens from April onwards. As per the data released by the Agriculture Ministry, the area sown for wheat was less by 3.11 lakh hectares in Uttar Pradesh, 1.35 lakh hectares in Haryana, 1.20 lakh hectares in Maharashtra, and 1.14 lakh hectares in Madhya Pradesh. Read more here.

5. India Reaps High Growth From Agriculture, Allied Products In FY22

India’s agriculture and allied exports grew at a brisk 21% in the first eight months of the current financial year despite broken supply chains and various challenges brought about by the COVID-19 pandemic. Exports were boosted by increased access to markets in the United States, European Union, and the United Arab Emirates. Commerce ministry data shows that exports of farm produce, both processed and unprocessed, climbed to ₹2,951 crores between April and November 2021. The government expects total exports from the sector to rise to ₹4,300 crores by March 2022. Read more here.

6. Annual Tractor Production Hits a Historic High in 2021

Despite hitting a 20-month low in production and domestic sales in December, the calendar year 2021 proved to be a record year for the tractor industry with annual production surpassing the one million milestone and exports crossing the one lakh mark for the first time in history. Total domestic sales increased by 13% to 9,03,724 units in 2021 while exports increased by 61% to 1,24,901 units, the highest-ever annual export volume. Exports were 77,378 units in 2020. Read more here.

7. Shortage Of Harvesting Machines Puts Wayanad Farmers In A Fix

Even as time is ripe to begin preparations for the second crop (Punja) in Wayanad, a majority of paddy fields are yet to be harvested owing to a shortage of workers and harvest machinery. The shortage of workers for harvesting is a major concern for farmers in the district, and the arrival of harvesting machines from Salem in Tamil Nadu was their mainstay. But the dearth of harvesting machines this season has driven thousands of farmers into crisis. Read more here.

8. Group Of Farmers In Junagadh Start ‘Organic Mart’

In Junagadh, a group of over two dozen farmers has embraced the spirit of entrepreneurship by not only farming organic fruit but also adding value to it and selling it on their own. Furthermore, the farmers have opened their very own mart in Junagadh city, with an annual turnover of ₹30 lakh. One of the farmers in the group explained “We have to pay extra labour expenses since we grow organically and deal in modest volumes compared to major dealers.” “However, our consumers do not hesitate to pay,” Read more here.

9. Solar Power Generation Set To Brighten Lives Of Rajasthan Farmers

The solar energy era is about to make fast strides in Rajasthan with public sector banks acceding to the State authorities’ request to grant loans without collateral safety to farmers for putting in photovoltaic crops in their infertile or semi-barren land. The work was earlier affected because the farmers confronted issues in getting loans from financial institutions. The Centre’s PM-KUSUM Scheme envisages earnings for farmers from their infertile land with the introduction of solar energy crops. Read more here.

10. ChargeERP Introduces Journal And Cash/Bank Book In Bills & Reports

ChargeERP, the easiest, fastest, and most secure mandi accounting software from Bijak has introduced Journal and Cash/Bank Book features in their Bills and Reports Module. While Journal will record your miscellaneous transactions such as food and beverage expenses, etc., Cash/Bank Book maintains an online book to record all cash and bank-related transactions. Cash/Bank book can tell users how much money they started with, and how much are they left with at the end of the day.

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