Rice exporters from India are upbeat over the higher projections of basmati output and better prospects of Exports. The loss of crop, in Philippines due to storms and in Thailand and Pakistan due to floods, is driving Indian exporters to speculate for better realisations this year. The satellite image procured by All India Rice Millers Association and Agriculture and Processed Food Products Exports Development Authority (APEDA) depict an increase in area under...

The Uttar Pradesh government is expected to soon announce the price at which mills in the state will have to buy sugarcane from farmers. Having received a record Rs 260 per quintal for sugarcane last season, farmers are insisting on a similar payout this season. The figure will be keenly watched because high raw material costs can substantially reduce profitability of companies in a season of bumper sugar production and low...

State-owned trading firm MMTC Ltd, the Indian Farmers Fertiliser Cooperative (Iffco) and the conglomerate Bharti Enterprises plan to join the growing number of Indian entities engaged in commercial farming in Africa. Cheap land and labour costs in Africa are attracting a number of Indian firms with interest in agriculture. A large number of people in East African countries such as Kenya work in the cultivation of tea, coffee, corn, vegetables, sugarcane,...

The government on Wednesday hiked the sugar production estimate for the 2010-11 marketing year (October-September) to 24.5 million tonnes (mt) from 23 mt earlier. "This will be the best year in terms of sugar production and productivity... The production this year will be in the range of 24-24.5 million tonnes," food, PDS and civil supplies minister Sharad Pawar said. The current government estimate is virtually on par with that of the...

A patent is an artificial property right; it is created by the government, and would not exist if there were no government or if it did not grant patents. It is then for the government to decide whether to grant a patent or not. But a government would not normally make the decision arbitrarily; it would follow some rules. The rules universally followed are novelty, non-obviousness and commercial value. A...