Sunday, 29 March 2015

India Agri & Food updates - 30March'15 !

1. The turmeric markets in ERODE (Tamilnadu), one of the biggest in India, will remain closed for nine days from March 28 to April 5 for the local Periya Mariamman and Chinna Mariamman festivals.

2.Andhra Pradesh Chief Minister laid the foundation stone for the Pattiseema lift irrigation project on Sunday. The Pattiseema irrigation project is aimed at solving the water woes of the parched Rayalaseema region, bringing respite to the farmers.

3.Agriculture credit is not reaching small farm holders in India, resulting in high level of indebtedness, ASSOCHAM said today. The industry body, in its latest study, has also pitched for consolidation of tiny farm lands for cooperative or corporate farming.

4. Thundershowers have returned to the hills and plains, with Uttarakhand, Delhi, Rajasthan, Jharkhand, Chhattisgarh, Madhya Maharashtra and north interior Karnataka being affected during the 24 hours ending Friday morning.

5. Indian dairy exporters are likely to be tested with the abolition of the milk quota regime in the European Union (EU) on March 31, with increasing competition within the block given the variance in production costs between the member States.

6. Ample demand from China and India for US pears is expected to keep pear growers in America’s Pacific Northwest happy, despite the small crop of 2014, down from the 2013 season’s record.

7. The Cotton Association of India has urged the Cotton Corporation of India, which procures cotton as part of the Government’s Minimum Support Price programme, to formulate a policy to offload the stock in the market.

8. Unseasonal rains and ban clamped by EU in March may hit mango output by 25-30%; price already 50% costlier than last year.

9. Over 2,000 farmer organisations in Chhattisgarh, Jharkhand, Madhya Pradesh, Andhra Pradesh and Telangana will be incubated to grow into a cooperative society, trust and ultimately, a company, as part of the plan being implemented by the National Bank for Agriculture and Rural Development (NABARD), the country's largest development lender, with a Rs.200 Crore Fund.
Over 2,000 farmer organisations in Chhattisgarh, Jharkhand, Madhya Pradesh, Andhra Pradesh and Telangana will be incubated to grow into a cooperative society, trust and ultimately, a company, as part of the plan being implemented by the National Bank for Agriculture and Rural Development, the country's largest development lender.

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