-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
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Government rolls out package to deal with poor monsoon
-The Economic Times The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...
More »Monsoon worry mounts, food prices rise sharply-Zia Haq
-The Hindustan Times Despite a pickup in rainfall last week, the southwest monsoon remains in deficit by a significant 22%, almost certainly lowering annual production of grains, pulses and oilseeds, the three crops where sowing has been worst hit. The Met office’s estimate coincided with the release of food inflation data that showed a worrying 10.81% rise in June from a year earlier, up from a 10.74% rise in May, an...
More »Monsoon covers India, 23% short; Cereal Production could be hit
-AFP Annual monsoon rains, crucial to India's economy, covered the country on Wednesday but remained 23 percent below average, sparking fears of their impact on two cereal-producing states. The pounding rains that sweep across the continent from June to September are dubbed the "economic lifeline" of India, which is one of the world's leading producers of rice, sugar, wheat and cotton. "The monsoon is covering the entire country today with parts of Gujarat...
More »No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
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