Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....
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Milk to be dearer by Rs 2 per litre in Delhi, NCR from today
-PTI Milk prices in the national capital and adjoining areas will rise by up to Rs 2 per litre from Monday with two leading suppliers hiking rates, but largest seller Mother Dairy is not increasing rates just yet. Amul and Quality Dairy will increase Milk prices from Monday. Mother Dairy and Paras are the other two major milk suppliers in the national capital and its adjoining areas which consume over 115 lakh...
More »A second White Revolution for India?
-One World South Asia The World Bank signs an agreement with India to inject $ 352 million into the National Dairy Support Project, an initiative designed to revive the flagging fortunes of milk production in the country. Other than being crucial to the nutritional security of the country’s population; dairy farming or dairying is also a major source of livelihood for 147 million rural households in India. Spurred by the success of the...
More »EGoM to discuss issues raised by Pawar
-The Hindu The Empowered Group of Ministers (EGoM) on Food will meet soon following a letter by Union Agriculture Minister Sharad Pawar to Prime Minister Manmohan Singh on curbs over milk, cotton and sugar exports. The EgoM is headed by Union Finance Minister Pranab Mukherjee. Mr. Pawar shot off the letter to the Prime Minister after the EGoM disallowed export of cotton beyond 13 million bales for the current marketing year the...
More »Amul milk to cost Rs 2 per litre more
-The Times of India Milk prices are set to soar yet again. Rising inflation and increase in excise duty on packaging material for milk pouches are likely to make milk dearer by Rs 2 per litre, said R S Sodhi, managing director of Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets Amul milk across the country. While he did not say when the price hike will come into effect, sources said...
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