1. Iran will resume import of Basmati rice from India, the temporary ban placed on imports late last year will be lifted shortly and the process of registration of suppliers will begin.
2. Due to record Corn productions in South America and U.S.A, India, a key exporter of the high cost grain to Asia is experiencing a slump in export demand and are counting on local chicken farms to absorb millions of tonnes of the grain as poultry output heads for yet another record year.
3. On account of a lack of productivity in central India, the Cotton Association of India (CAI) on Wednesday revised its total domestic cotton projection downward for 2014-15 to 39.7 million bales (of 170 kg each).
4. Accepting to the demands of Industry, A Cabinet note on subsidy extension for up to 1.4 million tonnes of raw sugar exports has been circulated.
5. Agricultural economists expect the price of the poovan, karpooravalli and nendran banana to remain stable till April 2015. The farmers can expect up to Rs. 17 a kg for the poovan, Rs. 18 – 20 /kg for karpooravalli and nendran at the farm gate.
6. Indian Tea Association to promote beverage among youth with tea carnivals in colleges like Hindu, SRCC.
7. With more and more people surfing online for FMCG products, the Internet would influence over a third of total sales in the sector by 2020, while online sales will constitute $5 billion, says a study by Google and Bain & Company.
8. Currently worth almost Rs60bn (US$960m), India’s quick-service restaurant segment is expected to grow by 26% each year to reach Rs117bn by 2017, fuelled by the arrival of more international chains and strengthening of local players.
9. A US-India commercial research project has hit a milestone in its goal to develop more draught resistant and water use efficient (WUE) rice.
2. Due to record Corn productions in South America and U.S.A, India, a key exporter of the high cost grain to Asia is experiencing a slump in export demand and are counting on local chicken farms to absorb millions of tonnes of the grain as poultry output heads for yet another record year.
3. On account of a lack of productivity in central India, the Cotton Association of India (CAI) on Wednesday revised its total domestic cotton projection downward for 2014-15 to 39.7 million bales (of 170 kg each).
4. Accepting to the demands of Industry, A Cabinet note on subsidy extension for up to 1.4 million tonnes of raw sugar exports has been circulated.
5. Agricultural economists expect the price of the poovan, karpooravalli and nendran banana to remain stable till April 2015. The farmers can expect up to Rs. 17 a kg for the poovan, Rs. 18 – 20 /kg for karpooravalli and nendran at the farm gate.
6. Indian Tea Association to promote beverage among youth with tea carnivals in colleges like Hindu, SRCC.
7. With more and more people surfing online for FMCG products, the Internet would influence over a third of total sales in the sector by 2020, while online sales will constitute $5 billion, says a study by Google and Bain & Company.
8. Currently worth almost Rs60bn (US$960m), India’s quick-service restaurant segment is expected to grow by 26% each year to reach Rs117bn by 2017, fuelled by the arrival of more international chains and strengthening of local players.
9. A US-India commercial research project has hit a milestone in its goal to develop more draught resistant and water use efficient (WUE) rice.
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