Tuesday, 10 March 2015

India Agri & Food Updates - 10March'15 !

1. Maharashtra government plans to use state of art techniques for utilisation of water resources and lend support to farmers by giving them irrigation facilities.

2. About Rs 3,000 crore worth of wheat crop has been damaged in Punjab due to unseasonal rains, hailstorm and high velocity winds this month.

3.  Waterlogged fields due to unseasonal widespread rainfall in India, the world's second-largest wheat producer, may result in yields of the crop declining by over 2%. The output of other winter crops such as mustard, yellow peas, chana, potato and coarse grains may also fall, resulting in maximum crop loss of 5-7%.

4.As a few investment funds (Samridhi Fund) focus on the Agriculture sector, more ‘Agriprenuers’ are likely to emerge.

5. Global food prices fell to a nearly five-year low in February this year on increased supply of key food items and strong US dollar, according to the United Nations food agency Food and Agriculture Organisation (FAO). Food prices averaged at 179.4 points in February, down from 181.2 points in January and 208.6 points in February 2014.

6. India manages to defend raw sugar export subsidies at WTO, claiming that it has not made any payments under the programme.

7. India's biotechnology industry is on the cusp of entering a new era as it already has many of the necessities required to grow its bio economy such as a talented and enthusiastic scientific workforce. 

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