The Hindu Business Line

Amid negligible arrival and absence of trading with local mandis remaining closed on account of farmers’ stir, soy oil in Indore for the past some time has been ruling higher with soy refined today here being quoted at Rs 624-26, for 10 kg, while soy solvent ruled at Rs 592-95. Soybean quoted at Rs 2,800, while plant deliveries of soybean ruled at Rs 2,900 a quintal.

The Economic Times

Farm loan waivers are “populist actions” and lead to disruption of credit discipline among borrowers, says a report as Maharashtra became the latest in the list of states writing off farmers’ loans. Uttar Pradesh and Punjab had announced such measures recently. According to Kotak Institutional Equities, frequent occurrence of such populist actions may lead to “risks of impaired credit discipline and weak risk-reward for banks” and reduced credit availability for borrowers.

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Maharashtra’s striking farmers on Sunday said they will withdraw their 12-day-old strike as the State government had accepted, in principle, a majority of their demands, including loan waiver and crop loans for the current season.

The Telegraph

A krishi mitra gets Rs 500 per month only for stationery. But, our job involves helping farmers with latest know-how about agricultural best practices and technology like suggesting ways to get better seeds and so on. We are the link between the agriculture department and farmers at remote places,” krishi mitra sangh chief Sashi Bhushan told The Telegraph. Kisan sangh president Dhruv Narayan Singh maintained that two months ago they had written to the state government to consider waiving farm loans. “We will soon meet the chief minister before the situation flares up in Jharkhand,” he said, adding that several farmers were struggling for basic resources.

Hindi Business Standard

Industry needs to work on areas like exploring new markets, increasing value addition and using new technologies to boost agriculture exports, a top official today said. Commerce Secretary Rita Teaotia also asked exporters of organic goods to certify their products as it helps increase competitiveness in the global markets.

NDTV

More than the crop, it is a failure of the cropping model. The cotton crop being grown presently is a product of intensive agriculture, it includes Bt seeds (genetically modified), extensive irrigation where the input of pesticides, fertilisers and water is tremendous. It is not only unsustainable but effectively uneconomic for farmers,” said Umedra Dutt of Kheti Virasat Mission that is working to promote organic farming in Punjab.

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We have opposed of this from the very beginning. GM seeds are the cause of diseases. I am not just blaming NDA. The use of GM seeds was prevalent during UPAs regime too. The MNCs would only earn profit, ultimately affecting the livelihood of the farmers? Criticising the production of BT cotton, the Kumar said, The areas where BT cotton is grown, there are more reports of farmer suicides.