Want to know what is going on in the agricultural sector of India? Here’s a round-up of the top 10 news.
1. Agri Products Export Up By Over 25%
India’s export of agricultural products has touched USD 40.87 billion in the first 10 months of the current fiscal. Union Minister of State for Commerce Anupriya Singh Patel said in Lok Sabha that it is 25.14% more than the previous financial year. Patel also said exports of some major agricultural products like wheat, sugar, and cotton have registered a substantial increase during the current year. Read more here.
2. Madhya Pradesh Identifies 3.75 MT Wheat For Exports
The Madhya Pradesh government has decided to use the unprecedented opportunity of wheat exports to establish brand MP of wheat at the international level. In a meeting held with the top 20 wheat exporters of the country in Bhopal, Chief Minister Shivraj Singh Chauhan said the exporters will have to mention MP Sharbati Wheat in their invoices instead of just writing wheat. He also said that they have an additional quantity of 3.75 mt in 19 districts of the state. Read more here.
3. Govt’s Paddy Procurement Reaches 741.62 Lakh
The Centre has procured 741.62 lakh tonnes of paddy in the ongoing 2021-22 marketing year so far at the minimum support price (MSP). The ministry said that till now about 105.14 lakh farmers have been benefitted with an MSP value of ₹1,45,358.13 crore. Out of the total procurement undertaken, maximum of 187.28 lakh tonnes of paddy has been procured from Punjab, followed by 92.01 lakh tonnes from Chhattisgarh and 70.22 lakh tonnes from Telangana. Read more here.
4. Government Extends Imports of Tur, Urad Under Free Category
The Director-General of Foreign Trade (DGFT) announced in a notification that the urad and tur ‘Free Import’ policy will be extended until March 31, 2023. The move is intended to ensure sufficient supplies of pulses at reasonable pricing. The pulses trade in India and Myanmar, a significant supplier, has praised the move, but domestic producers have expressed their displeasure, claiming that it would have an influence on prices. Read more here.
5. Assam’s Acceleration Initiative Helps 100 Agribusinesses
Acceleration Initiative in Assam (AAGL) has started handholding and supporting 100 agribusinesses in four years with 30% representation from women-led agri-enterprises. CIIE.CO of IIM Ahmedabad is co-implementing this programme in partnership with Innovative Change Collaborative Services Pvt. Ltd. This programme is supported by Assam Agribusiness and Rural Transformation Project (APART). Read more here.
6. Government Plans To Launch Super App For Farmers
The government plans to launch a super app for farmers, consolidating multiple digital entities and existing mobile applications meant for them, said an official at the ministry of agriculture and farmers’ welfare. The consolidation will help farmers in accessing information such as the latest research and development, weather and market updates, services available, government schemes, and advisories for different agro-climatic zones under one umbrella. Read more here.
7. Northeast Rubber Wave Revives Kerala Nurseries
Riding on a plantation wave that is sweeping the Northeast of the country, the rubber nurseries in Kerala are getting the best out of their grow bags after a decade-long lull. A plan by the Rubber Board to develop rubber plantations in an area of two lakh hectares across the seven Northeastern States in a span of five years starting from 2021-22 has unleashed pent-up demand among the rubber nurseries in the State. Read more here.
8. Govt In The Process Of Setting Up Committee On MSP
The government is in the process of setting up a panel on Minimum Support Price (MSP), said Agriculture Minister Narendra Singh Tomar. In a written reply to the Lok Sabha, Tomar said that as per the changing requirements of the country to change the cropping pattern, make MSP more effective and transparent, and encourage natural farming methods of agriculture, setting up a committee is under process. Read more here.
9. Supply Disruption Of Sunflower Oil Raises Crude Palm Oil Prices
The short supply of sunflower oil has led the crude palm oil prices to go through the roof. India is the major importer of crude palm oil and the country meets more than two-thirds of its edible oil needs through imports, of which palm oil accounts for more than 60%. All edible oils track each other’s prices as they compete in the market. Any potential supply disruptions for one buoys the prices of the other counters. Read more here.
10. Now, Get a Concise Collection Report On ChargeERP
ChargeERP, the easiest, fastest, and most secure mandi accounting software from Bijak has introduced a concise version of the collection report (along with the detailed one). Users will now be able to download collection reports in a concise format displaying 150 accounts on one page and a few columns, including ‘Account’, ‘Closing Balance’, and ‘Dr/Cr’. Before this, they launched an independent Seller Bill.