-Livemint.com According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months New Delhi: In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers’ groups are using futures contracts to hedge against price dips during the harvest season. For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO)...
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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 »Major change in crop weather advice -Sanjeeb Mukherjee
-Business Standard Advisory will also have information on the type of crop needing to be sown, depending on irrigation India Meteorological Department (IMD) plans to change its weather advisory service for farmers, linking it to a dynamic crop calendar of each district, based on the onset and progress of the monsoon. The advisory will also have information on the type of crop needing to be sown, depending on irrigation and rain in that...
More »Patanjali fined Rs 11 lakh for misleading ads -Sheo S Jaiswal
-The Times of India HARIDWAR: A fine of Rs 11 lakh has been imposed on Yoga guru Ramdev's company, Patanjali Ayurved Ltd, by a city court on charges of misbranding and misrepresentation of its products. In its order, the court of Lalit Narain Mishra, Haridwar's additional district magistrate, found the company, which is currently eyeing at doubling its revenues from the current Rs 5,000 crore to almost Rs 10,000 crore by the...
More »Rabi sowing slows down
-The Hindu Business Line Bengaluru/ Ahmedabad: Though acreage under the main rabi (winter) crops, such as wheat, gram and mustard continued to rise, overall sowing for the season across the country has turned sluggish as cash-strapped farmers have slowed down planting. According to preliminary data released by the Agriculture Ministry, acreage under rabi crops till November 18 stood lower, at 241.73 lakh hectares, compared to 243.38 lakh ha in the corresponding period...
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