In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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In the Year of Millets, Coarse Grains Remain Neglected Despite Nutritional Benefits -Siraj Hussain
-TheWire.in The government cannot procure the entire production of millets in the country and the only way to ensure profitability for millet farmers is to promote domestic consumption. On October 3, the government announced the minimum support prices (MSP) for Rabi crops that will be sown between October and December. While the MSP for wheat has been raised by 6.1%, that of safflower has seen an increase of 20.6%, the highest. These...
More »India's Kharif crop output may hit all-time high this year; how it may impact rice exports, MSP
-Financial Express After government estimates said that Indian agriculture could be heading for bumper kharif crop harvest, experts say that it could provide a major fillip to rice exports. However, the development could potentially put increased pressure on the government to buy the crops at the MSPs, if market rates fall below the benchmark rates on bumper arrivals at mandis. According to government estimates production of kharif foodgrains for 2018-19 crop year...
More »Kharif food output estimated at a record high -Sayantan Bera
-Livemint.com According to govt data, the output of foodgrains is 11.9 million tonnes higher than the average production of 129.7 million tonnes between 2012-17 New Delhi: India’s foodgrain production during the rain-fed kharif season is estimated at a record 141.6 million tonnes in 2018-19, raising chances that wholesale crop prices will continue to hover low ahead of crucial elections in states like Madhya Pradesh, Rajasthan and Chhattisgarh. The first advance estimate of crop...
More »India targets slight increase in 2018-19 foodgrain output -Priscilla Jebaraj
-The Hindu M.P., Gujarat likely to opt for new payment scheme Despite patchy rainfall in some parts, the Agriculture Ministry has set a foodgrain production target of 285.2 million tonnes for 2018-19, a marginal increase from the previous year’s harvest of 284.8 million tonnes. Rainfall deficit during the current monsoon season is now at 10%, according to the Indian Meteorological Department. “Some areas got extra rainfall, some areas were deficient. But in spite of...
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