-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...
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Record foodgrain, oilseed output likely this year
-The Indian Express According to the agriculture ministry’s second advance estimates of crop production for this year, total foodgrain output will surpass the previous all-time-high of 2013-14. India’s production of foodgrains and oilseeds is expected to hit record levels in 2016-17 on the back of a normal southwest monsoon and a decent winter, which would more than offset the impact, if any, of demonetisation. According to the agriculture ministry’s second advance estimates of...
More »Wholesale prices up 5.25% year-on-year in January -Kirtika Suneja
-The Economic Times NEW DELHI: India's wholesale inflation saw a sharp rise in January owing to costlier fuel and power even as food items continued to remain cheaper. Data released by commerce and industry ministry on Tuesday showed WPI inflation at 5.25% compared with 3.39% in December. Fuel and power inflation rose 18.14% in January from 8.65% in December. WPI inflation in manufactured products, which has a 64.97% weight in the index, increased...
More »Record wheat, foodgrain output likely in 2016-17 -Sanjeeb Mukherjee
-Business Standard Agri growth could top 5% this year on the back of record output Wheat production in the ongoing crop season is expected to be at an all-time high of 96.6 million tonnes (mt) on the back of good southwest monsoon, favourable weather and record acreage, the second advanced estimate for foodgrain production showed. The previous wheat production high was in 2013-14 at 95.85 mt; that was also a normal monsoon year....
More »Rain-boosting La Nina out, forecasters now fear El Nino
-The Economic Times NEW DELHI: The rain-boosting La Nina phenomenon is completely ruled out this year and conditions are likely to remain neutral or turn toward the feared El Nino, which is not good for the monsoon, but forecasters said that a clear picture would appear only after a few months. Changes in temperature in the equatorial Pacific Ocean, which scientists call El Nino Southern Oscillation (ENSO), are a key influence on...
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