Tuesday, 24 February 2015

India Agriculture & Food News - 25Feb'15 !

1. India Ratings & Research (Ind-Ra) has revised cotton outlook to negative for 2015-16 due to decline in domestic yarn production, unlikely recovery in cotton exports and a fall in domestic cotton prices below MSP. Also Cotton exports from India to China plummeted 26.4 per cent annually over April-October 2014.

2. Australia keen on working with Andhra Pradesh government in aquaculture sector. Australia would explore opportunities in policy-making for the marine industry, research, equipment and machinery with A.P.

3. President of India, emphasised on value-added agriculture, market reform, use of technology and improving productivity in areas with untapped potential for improving the well-being of farmers.

4. In a conference, organised by Small Farmers' Agribusiness Consortium on the topic 'Agriculture investment-opportunities in A.P. state', several ministers requested private investors to pitch-in to make it a profitable sector.

5. Budget 2015: Farm ministry seeks cut in oilseed import duty. India buys nearly 60 per cent of its annual demand of 18-19 million tonnes from countries such as Indonesia and Malaysia.

6. Punjab government announces incentives for agriculture diversification in the form of subsidies and reduced power tariffs.

7. Drawing the government's attention to farm sector, Mahindra & Mahindra Chairman said India's goal of becoming a global economic power cannot be achieved without increasing the country's agricultural production.

8. Tata Chemicals has asked the Centre to come out with a policy to decontrol urea pricing.

9. The Confederation of Indian Industry’s (CII) National Council on Agriculture highlighted three key areas of policy intervention in a report i.e. strengthening the agri-inputs sector for productivity enhancement, re-energising agri-marketing and better foodgrain management.

10. Bengaluru-based M5 Info Solutions Pvt Ltd formally launched an online platform – Bhoomee that seeks to connect farmers with prospective traders and buyers directly. 

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