1. Olive oil prices might raise owing to a 9 year low production in Italy and Spain, which contributes to 95% of Olive based imports, while Greece accounts to 3% of imports.
2. Govt removes 35% cap on Neem-coated urea production, aiming for self-sufficiency in indigenous urea production. The removal of the production cap is also expected to rein in the subsidy bill by nearly Rs. 5,000 crore and help enhance farmers’ incomes.
3. Oilmeal exports dipped 34 per cent last month to 3.89 lakh tonnes (5.90 tonnes) largely due to disparity in pricing of Indian soyabean meal.Soyabean meal prices in India have been holding steady even as they fell sharply in the international markets. This has led to meal exporters quoting higher price.
4. The Indian consumer stands to benefit with Chile and India expanding their existing trade agreement and significantly reducing fruit export tariffs to India.While cherries and kiwifruit are the two categories with strong scope for growth, a huge shipment of cherries is already making its way to India, according to traders.
5. A section of growers have urged the government to levy a 30 per cent Customs duty on pulses as cheaper imports are hindering them from getting remunerative prices for their produce.
6. The Indian Meteorological Department is embarking upon a Rs.350-crore project to study the impact of Himalayan mountains on the South West monsoon, its behaviour, journey and schedules, in greater detail.The data will be used by weathermen to get a better handle on forecasting monsoon, which play a vital role in Indian agriculture.
2. Govt removes 35% cap on Neem-coated urea production, aiming for self-sufficiency in indigenous urea production. The removal of the production cap is also expected to rein in the subsidy bill by nearly Rs. 5,000 crore and help enhance farmers’ incomes.
3. Oilmeal exports dipped 34 per cent last month to 3.89 lakh tonnes (5.90 tonnes) largely due to disparity in pricing of Indian soyabean meal.Soyabean meal prices in India have been holding steady even as they fell sharply in the international markets. This has led to meal exporters quoting higher price.
4. The Indian consumer stands to benefit with Chile and India expanding their existing trade agreement and significantly reducing fruit export tariffs to India.While cherries and kiwifruit are the two categories with strong scope for growth, a huge shipment of cherries is already making its way to India, according to traders.
5. A section of growers have urged the government to levy a 30 per cent Customs duty on pulses as cheaper imports are hindering them from getting remunerative prices for their produce.
6. The Indian Meteorological Department is embarking upon a Rs.350-crore project to study the impact of Himalayan mountains on the South West monsoon, its behaviour, journey and schedules, in greater detail.The data will be used by weathermen to get a better handle on forecasting monsoon, which play a vital role in Indian agriculture.
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