-Livemint.com/ Bloomberg A late El Nino may miss India’s monsoon season that runs from June through September, accounting for more than 70% of rain and watering more than half of all farmland New Delhi: India’s monsoon may escape the effects of a possible El Nino as the event that can bring dry weather to the world’s top cotton grower and second-biggest wheat and sugar producer. “Mostly it may not have any impact on...
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At Rs 450/quintal, onion prices dive to 5-year low -Bhavika Jain
-The Times of India MUMBAI: Onion prices in the state have touched a five year low. The average price farmers have fetched for a quintal has been Rs 450. At the Lasalgaon APMC, the biggest market yard for onions in the country, the average price for a quintal has been Rs 740 in February 2016, when the state was reeling under a severe drought. Cost of production for a quintal is Rs...
More »MSPs should have an expiry date, but job is tough: Arvind Subramanian
-PTI New Delhi: Chief Economic Advisor (CEA) Arvind Subramanian today took the line that the minimum support price on foodgrains for farmers should not continue forever and there should be an "expiry date". "Minimum support price (MSP) originally came into being because we had a big problem of lack of self-sufficiency in foodgrain production. It (MSP) was used as means of providing incentives to farmers. It has been successful. We no longer...
More »Budget and agri-commodity trading: Searching for a spot in the future -Pravesh Sharma & Raghav Raghunathan
-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...
More »Powered by good monsoon, India set for best-ever foodgrain output -Vishwa Mohan & Dipak K Dash
-The Times of India NEW DELHI: Backed by good monsoon and advanced preparedness to reap the benefits of favourable conditions, India is likely to have an all-time record foodgrain production (271.98 million tonnes) in the 2016-17 crop year - a scenario which may not only benefit farmers but also help in further bringing down the price of pulses that was sky-rocketed due to two consecutive drought years. Besides the production of pulses...
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