A growing shortage of farm hands and smaller land holdings are forcing many farmers to mechanise their farms, allowing multinational agri implement companies to tap into Indian market. A 2006 study by consulting firm Zinnov said that the agri equipment market in India would grow at a compounded rate of 5% between 2006 and 2010 to touch $8 billion. Today, a large number of Chinese, Japanese, American and Italian firms has...
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FCI to add 16 mn tonnes foodgrain storage capacity in 2 yrs
Food Corporation of India (FCI) today asserted that loss of foodgrain stored at its godowns is minimal and said the government would add 16 million tonnes of capacity within the next two years. "It's not true to say that storage loss is as high as 30 per cent...Storage loss is less than 0.4 per cent for rice and none for wheat," FCI CMD Siraj Hussain said at a conference. "Bulk wheat-producing states...
More »Himachal now insures wheat, barley crops
Himachal Pradesh has now brought wheat and barley crops under an insurance scheme to protect them from adverse climatic conditions, an official statement said Sunday. The National Agricultural Insurance Scheme will cover wheat and barley crops too across the state during the 2010-11 rabi season, said the statement. Earlier, maize, paddy, potato and ginger crops were covered. Likewise, the government last year initially launched an apple crop insurance scheme in Shimla and...
More »Knick Knack, paddy Whack by Saikat Datta
Subterfuge is the favourite tool of the corrupt, when caught. That seems to be the case as the Union ministry of commerce and industry proceeds at an elephantine pace in its “inquiry” into the Rs 2,500-crore rice export scam reported in Outlook. Last year, on July 30, Parliament erupted in a furore over the revelation that despite a strict ban on exports, tonnes of 25 per cent broken, non-Basmati rice...
More »Rain damages 20 p.c. of kharif crops
Torrential rain over the past two weeks has damaged 20 per cent of the standing crops, and the loss has been estimated at Rs. 500 crore. Minister for Agriculture Umesh Katti told presspersons here on Thursday that crops about to be harvested were damaged in Chitradurga, Kodagu, Haveri, Shimoga, Chikmagalur, Mandya, Hassan, Gadag, Belgaum and Chickballapur districts. Crops such as jowar, paddy, maize, ragi and potato were damaged extensively in some...
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