Wednesday, 25 February 2015

India Agri & Food News - 26Feb'15 !

1. Mahindra Agribusiness is keen to enter the over Rs. 3 trillion Indian dairy sector through a Rs. 150—Rs 750 crore acquisition of a brand that has good supply chain and branding in place.

2. In a step to ensure that benefits reach small and marginal farmers, the proposal for direct fertilizer subsidy transfer to all farmers is under consideration of the Government. Steps will also be taken to stop the smuggling of Urea from India (Rs.5360/tonne) to Bangladesh & Nepal, where it costs Rs.22,000/tonne.

3. Development of organic agriculture as an alternative tool to address the ill-effects of chemical-based cultivation practices is a recent phenomenon in India. It had achieved dramatic progress in the beginning but could not maintain the pace due to Wide gap in scientific validation and research compared to the progress in the same for general agriculture, Lack of aid for farmers with advisory services (technical & management support), Non realisation of premium during transition phase, Weak linkages among entities in organic sector.

4. Kerala seeks Rs 600 cr funds from Centre to boost farm sector.

5.  As per the Socio-Economic review of Gujarat for 2014-15, There has been a significant decrease in the production of Food Grains, Cotton and Oilseeds.

6.As per the second advance food grains estimate released by Agriculture ministry, wheat production is projected to drop slightly to 95.76 million tonnes in the 2014-15 crop year (July-June) from 95.85 million tonnes in the previous year, owing to concerns about adverse impact of rising temperature on productivity.

7. Investors looking for India's budget to tackle fertiliser subsidies are likely to be disappointed, because sources say the govt plans to largely maintain the current regime. The fertiliser subsidy bill will nevertheless be cut by 4 percent to around 700 billion rupees ($11 billion) for the fiscal year starting 1stApril'15. 

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