Edible oil imports have surged to a record 9.24 million tonnes last year and were estimated to be nearly Rs 38,000 crore. They have emerged as the third most important import item, next only to petroleum products and gold. India is now the world’s largest importer of cooking fats, meeting more than half of its requirement through overseas supplies. Considering the country’s huge and fast-growing demand for cooking oils, such...

India's oilseeds production dipped to 249.3 lakh tonnes in the crop year 2009-10, compared to 277.2 lakh tonnes in the previous year, Parliament was informed today. The country had produced 297.6 lakh tonnes of oilseeds in 2007-8, Minister of State for Agriculture K V Thomas said in a written reply in Lok Sabha. As a result of the fall in oilseeds production, the minister said, India has been facing shortage of edible...

India's agriculture and allied sector grew by 3.8 per cent in the first six months of the current fiscal, against one per cent in the year-ago period on the back of better Kharif crop output. According to the GDP data released by the Central Statistical Organisation (CSO) today, the country's farm sector grew by 2.5 per cent and 4.4 per cent each in the first two quarters of the current fiscal,...

Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...

The indiscriminate use of fertilisers, insecticides and pesticides over the years has led to deterioration of soil quality and crop productivity in India. According to a study conducted by the central soil water conservation research and training institute (CSWCRTI), Dehra Dun, about 1 millimetre of top soil is lost every year due to erosion. This leads to a total soil loss of 5,334 million tonnes annually, at an average rate...