-Down to Earth Untimely rains have damaged cotton and soyabean crops all over the state As if prevailing drought-like situation and other natural calamities in 2014 were not enough, the low procurement prices for cotton produced in the state are set to destroy the agricultural economy of the state. The state government has started cotton procurement for the season at the dismal minimum support price (MSP) of Rs 4,050 per quintal. This, allegedly,...
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Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, Soybean, sugar and palm oil traded in international futures exchanges are today...
More »Non-GM Soybean in Interest of Farmers, Environment: Experts
-Outlook Bhopal: India should continue with non-GMO (genetically modified) Soybean in the larger interest of farmers and environment, experts said here today. "Non-GMO soya is the pride of India. Value added soy products including Soybean meal are fetching premium price in the international market for being authentic non-GMO soy products. It is a win-win situation for all stakeholders in the value chain," Ruchi Soya Industries founder and MD Dinesh Shahra told reporters...
More »Farm distress looms as global crop prices crash after 10-year bull run -Harish Damodaran
-The Indian Express For the last 10 years, farmers in India benefited from both increased production and higher price realisations - leading to rising rural incomes and declining poverty rates. That happy story may now be near its end - which could be the precursor to a renewed crisis in agriculture. The main reason is declining global prices for most agri-commodities (see Table 1). Over the last five-six months, corn, wheat and...
More »Farmers staring at one of the worst crop failures -Snehlata Shrivastav
-The Times of India NAGPUR (Maharashtra): Though untimely, delayed, erratic, insufficient or excess rains have been ruining crops in the region for the last few years, farmers claim this year will see the worst crop failures in recent times. All three major Vidarbha crops, cotton, soyabean and orange, have suffered huge losses due to the truant rains. Generally, at least one crop survives nature's vagaries so farmers get some income. But this...
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