-The Financial Express At today’s prices, imports cost less than Indian grain Imagine the irony. India has 34 million tonnes of wheat stocks with the Food Corporation of India (FCI) already and another 3-4 million will get added to this by July 1, but the country is still importing wheat, albeit in very small quantities. By July 1, FCI’s wheat and rice stocks will cross 60 million tonnes as compared to the...
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India’s rural distress set to worsen -Sayantan Bera
-Livemint.com The ministry of agriculture projected that foodgrain production of cereal and pulses was likely to decline by 5.3% in 2014-15 New Delhi: There seems to be no end rural India’s worries. Last year’s drought together with unseasonal weather earlier this year is threatening a substantial decline in foodgrain output—the first in five years of such magnitude. On Wednesday, the ministry of agriculture projected that foodgrain production—at 251 million tonnes (mt) of cereal...
More »Asia braces for El Nino impact -Naveen Thukral
-Livemint.com A strong El Nino will roil economies that are heavily dependent on agriculture, particularly India Singapore: In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this year. A strong El Nino will roil economies that are heavily dependent on agriculture, particularly...
More »'On time' prediction for India's monsoon season -Richard Angwin
-Al Jazeera The country's summer rains are due to start on June 1, but they may still leave some farmers disappointed. India’s monsoon rains, upon which the country relies so heavily, are expected to arrive "on time" according to the country’s Meteorological Department (IMD). The arrival of the summer monsoon is monitored very closely in India. Agriculture accounts for 15 percent of gross domestic product (GDP), and it employs some 60 percent of...
More »Agriculture sector bleeds, thanks to flawed government plans -Iftikhar Gilani
-DNA India Constant decrease in investment on research and development blamed for carelessly conceived schemes A fishing project in the deserts of Rajasthan, cold storage facilities for bananas in Maharashtra's no-banana Pune district, milk coolers in Gujarat's Sagbara region where there is no milk production and no electricity either… Those are just some of the examples of carelessly conceived government schemes to bolster farm growth at a time share of the...
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