-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...
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India not to compromise on food security at WTO ministerial meeting: Anand Sharma
-PTI BALI: On the eve of WTO ministerial meeting here, India on Monday said the interim solution on food security as currently designed is not acceptable and the country won't compromise its farmers' interest or succumb to mercantilist ambitions of rich nations. There is a national consensus and complete political unanimity on this matter in India, commerce and industry minister Anand Sharma said, adding: "It is therefore difficult for us to accept...
More »Government expects bumper crop this year on good monsoon
-PTI NEW DELHI: India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said today. He also said that the agriculture credit has grown by 12.1 per cent during April-August period of this fiscal. "On agriculture, we estimate this would be a very good year. The...
More »20 mn tonne wheat wasted in India every year: IME
-PTI NEW DELHI: Around 20 million tonnes of wheat is wasted in India every year due to inadequate storage infrastructure, Institution of Mechanical Engineers said today. "Foodgrains are lost in India mainly due to lack of facilities in storage and transportation. 20 million tonnes of wheat is lost every year as a result of that," said Tim Fox, Head of Environment at the UK-based body. He released the report, 'Global Food: Waste not,...
More »NABARD Launches New Scheme to Advance Direct Loans
-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...
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