Wednesday, 18 February 2015

India Agri & Food Updates - 19thFeb'2015 !

1. India the second largest sugar producing nation is expected to produce 260lt for 2014-15. According to the latest estimates by the Indian Sugar Mills’ Association (ISMA), 518 sugar mills have produced 167.08 lakh tonnes (lt) of the sweetener in the 2014-15 sugar season as of February 15. It represents a rise of 15 per cent, with output during the corresponding period last season having been 145.28 lt produced by 479 mills.

2. Owing to poor monsoon, India’s foodgrain production in 2014-15 is likely to be 257.07 million tonnes i.e. almost 3.2%  decline to 8 million tonnes (mt)  less than the fourth advance estimate for 2013-14.

3. North and Northwestren India has experienced good rainfall in India except in the Met subdivisions of west Rajasthan, Jammu and Kashmir, Himachal Pradesh, and Haryana-Chandigarh-Delhi.

4. Wheat prices have started softening ahead of the harvest of yet another large crop that would commence in about a month's time prompting buyers to go slow their purchases. The lack of clarity on the Government's stand on exports of wheat from the Central Pool stocks is seen aiding the downward trend in the prices of the cereal.

5. Drones to help Rajasthan, Gujarat farmers detect crop diseases. Weather forecaster Skymet has already conducted a pilot project in parts of Gujarat to map the groundnut crop along with Agriculture Insurance Company (AIC) of India.

6. The government's agri-research body Indian Agricultural Research Institute (IARI) has already initiated a pilot project Krishi Dak Service' aimed at distribution of improved seed varieties to farmers at their doorstep through post-office in 20 rural districts.

7. Rubber producers and consumers have reached a deadlock over the issue of import duty on rubber with over a week to go for the Union Budget. Producers want an immediate ban on imports and enhancement in duty to 30%, to which the consumers say such a demand is without any merit.

No comments:

Post a Comment