The government has launched a relief package, which will directly address the problems of the coffee growers, especially the small growers. Commerce and industry minister today flagged off the implementation of the `Coffee Debt Relief Package, 2010' by distributing the first batch of certificates to those small coffee growers whose loans have been waived under this package. This is the first time that the Government of India has come forward with...
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Govt expects record wheat crop
The central government said on Friday it expects this year’s wheat output to total a record 82 million tonnes as the country grapples with a grain storage problem. India produced a record 80.71 million tonnes of wheat in the 2009-10 crop year, which runs from July to June, despite the worst drought in nearly four decades. “If there is no terminal heat this year, output is expected to be 82 million tonnes,”...
More »Agriculture economists forecast crop prices to help farmers
The market price of potatoes in the forthcoming season, starting December, may reach Rs700 per quintal in March, according to agriculture economists. The economists have also predicted that the price of traditional basmati will range between Rs2,500 and Rs3,400 per quintal during the October-December period this year, which is the peak Harvesting season for paddy. The forecasts were made by agriculture economists of Govind Ballabh Pant Agriculture University, led by Dr Jagdish...
More »Volatile wheat prices are as much a cause for alarm as are high prices
FEW rural pleasures match seeing a golden field of grain, rustling and ripe for reaping. But the Harvest season in the northern hemisphere is being marked by turmoil on global wheat markets. A big reason is to be found in one of the world’s largest wheat exporters, Russia. Hit by fires and drought which have wiped out a third of the grain crop, the authorities there have banned exports, first temporarily...
More »How to rebuild confidence in food markets after this summer’s spike in wheat prices
REGULARITY and repetition—of returning rains, of seasonal temperatures, of the cycles of life and death—are the essence of agriculture. So perhaps it is not surprising when events recur. In 2007-08, food prices soared. Mozambique and 30 poor countries endured food-price riots. Russia led a procession of grain exporters to restrict sales. And the world had to face up to changes in the pattern of food demand, reversing decades of declining...
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