The Centre will introduce new guidelines for releasing subsidies to farmers for the purchase of farm machinery and tools, Union Minister of State for Agriculture and Farmers Welfare Shobha Karandlaje has said. A major portion of the subsidy is at present set apart for the purchase of tractors and farmers are not able to purchase other farm machineries and tools required for their daily work, she said. The minister asked youth...
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India's wheat planting remains steady despite record high prices - Rajendra Jadhav
Reuters India's wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed (mustard) to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday. A lower-than-expected planting area in the world's second biggest wheat producer may cap an expected rise in production, after output fell last year because of a heatwave...
More »Rice market set for a bull run -Subramani RA Mancombu
-The Hindu Business Line World over rice production is likely to fall due to a combination of drought and floods Three developments over the past couple of months have put the global rice market in focus. First, the India curbed rice exports by banning shipments of fully broken rice and imposing a 20 per cent duty on white rice exports. Second, Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar told the...
More »What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Punjab Records 30% Less Stubble Fires This Year But Burnt Area Remains Almost the Same -Vivek Gupta
-TheWire.in As per the final tally as on November 30, total burning cases in the state was 49,922 against 71,304 cases in 2021, meaning that there was an almost 30% drop in cases. Chandigarh: A report by the Indian Agriculture Research Institute, an institute under the Union agriculture and farmers’ welfare ministry has it that Punjab has reported 21,382 fewer stubble burning cases this year compared to last year. The satellite monitoring of...
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