Media Monitor
Agriculture Industry
Record foodgrains production likely in 2022;farm laws repeal, price rise bitter pills for agri sectoredit
The Economic Times – Online
India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a shadow on the country’s resilient agriculture sector that is on course for better harvest in 2022 despite pandemic blues. While soaring production of foodgrains that also helped the government provide free additional rations for COVID-hit poor families for many months together came as a relief, the passing year will be remembered for the long drawn farmers’ protest at Delhi borders against the three laws and subsequent repeal of the legislations. The Indian agriculture sector, which was among the few segments that remained robust amid the pandemic gales, is expected to register ...
CLAAS Global Mentions
Farm machinery giant Claas hails 126% increase in profitsedit
The Press and Journal – Online
Farm machinery giant Claas enjoyed a 126% increase in pre-tax profits last year despite supply chain challenges caused by Covid-19. The latest accounts for the company, which cover the year to September 30 2021, show pre-tax profits of 357 million euros (£301m) – up from 158m euros (£133m) the year before. Sales were also up in the year by 18.7% to 4.8 billion euros (£4.04bn), and Claas said it experienced double-digit growth in all world regions. “Claas managed to achieve growth despite the supply-side bottlenecks and the pandemic,” said Thomas Bock, chairman of the Claas Group executive board. “We even registered a double-digit rise in revenue and a significant improvement in profitability across ...
Monsoon + Indian Agriculture
Gujarat: Fear of crop damage after rain in 30 talukasedit
The Indian Express – Online
Over 30 talukas in Gujarat, mainly the ones in northern districts and Kutch region, received unseasonal rainfall between Monday night and Tuesday morning, triggering fears of damage to standing crops. Kankrej taluka of Banaskantha recorded the highest of 21 mm rainfall in the state, followed by Posina in Sabarkantha district with 12 mm rainfall. Both are northernmost districts of Gujarat bordering Rajasthan. As almost all districts of Saurashtra region as well as Kutch experienced light rainfall, farmers were concerned even as officers of state agriculture department maintained there was no cause for worry if the weather clears by tomorrow or day after. “While it rained in almost all parts of the district, the intensity ...
Paddy in India
Centre to Procure 6 lakh MT More Paddy from Telangana After Big Tussleedit
News18 – Online
In a significant development, the Centre has finally given its nod to procure 6 lakh metric tonnes of more paddy from Telangana. This is after a continuous tussle between the State and the Centre on paddy procurement and blame game on delay in getting the stocks cleared through FCI. However, the State government expressed displeasure at the delay of the decision by the Centre as it incurred a big loss to the farmers. The farmers lost about 30 lakh MT grains as millers got them of late, according to information. A State-level team comprising six ministers and MPs met Union Ministers Piyush Goyal and G Kishan Reddy to take more stocks from the State. The Centre ...