1. The Cabinet on Thursday approved a higher subsidy of Rs 4,000 a tonne for exports of raw sugar, a decision that could support local prices by reducing excess supplies as India stares at a glut in production. The export incentive will be given for 1.4 million tonnes of raw sugar in the 2014-15 season, which began on October 1. The subsidy is given for specific periods and it was most recently Rs 3,371.
2. Dairy major Amul will invest Rs 5,000 crore over the next three years to ramp up milk production and new processing capacities.
3. Fruit drink concentrate maker Rasna is working on launching its first exclusive food product for kids by July this year.
4. Future Group picks up 51% stake in Sublime Foods for an undisclosed sum.
5. Basmati exports may dip 10% on Iran ban.Iran accounts for 38% of overall shipments last financial year.
6. T Nanda Kumar, Chairman of the National Dairy Development Board, said the board was giving priority to two aspects – breeding of genetically better cows and buffaloes and increasing availability of balanced feeds — for raising milk productivity.
7. With monsoon failing for the second successive year, Telangana is in for severe shortage of fodder.Significant fall in paddy acreage and failure of other crops such as maize have left the farmers with no fodder. Farmers fear escalation in cost of production.
8. The Centre is considering reducing the Customs duty on oilseeds import as part of its “Make in India” programme. The duty could be cut in the Budget if the Finance Ministry decides to bite the bullet.
2. Dairy major Amul will invest Rs 5,000 crore over the next three years to ramp up milk production and new processing capacities.
3. Fruit drink concentrate maker Rasna is working on launching its first exclusive food product for kids by July this year.
4. Future Group picks up 51% stake in Sublime Foods for an undisclosed sum.
5. Basmati exports may dip 10% on Iran ban.Iran accounts for 38% of overall shipments last financial year.
6. T Nanda Kumar, Chairman of the National Dairy Development Board, said the board was giving priority to two aspects – breeding of genetically better cows and buffaloes and increasing availability of balanced feeds — for raising milk productivity.
7. With monsoon failing for the second successive year, Telangana is in for severe shortage of fodder.Significant fall in paddy acreage and failure of other crops such as maize have left the farmers with no fodder. Farmers fear escalation in cost of production.
8. The Centre is considering reducing the Customs duty on oilseeds import as part of its “Make in India” programme. The duty could be cut in the Budget if the Finance Ministry decides to bite the bullet.
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