Media Monitor
Agriculture Industry
Food inflation eases, but uncertain crops slow wider reliefedit
Mint – Online
While the outlook for global crops is improving from the tumultuous weeks after Russia’s attack on Ukraine, the threats of drought, flooding and blistering heat are keeping supplies tight and prices elevated. Crop futures have retreated to pre-war levels, and the UN’s monthly measure of food prices sank the most since 2008. That’s offering some relief to consumers who have faced rampant food inflation since the start of the pandemic. Still, the war is putting more pressure on farmers from the US to India to replace crop losses and shipments from Ukraine — a key supplier to poorer nations in the Middle East and Africa. How much they can provide is in question. Major producers like ...
Govt. Policies
Jharkhand Agriculture Secretary Orders Banks to Provide KCC to All Farmersedit
Krishi Jagran – Online
Abu Bakr Siddiqui, Agriculture Secretary of Bihar gave orders to all the banks on Monday to ensure that farmers who are engaged in agriculture, animal husbandry, milk production, or fish production receive the benefits of the Kisan Credit Card (KCC). He also instructed to verify the beneficiaries of the PM Kisan Yojana under this. Siddiqui was giving instructions to the senior officials of NABARD and various banks in the second meeting of the Sub-Committee on Agriculture and Allied Activities of the State Level Bankers Committee in the Nepal House auditorium. Guidelines regarding drought will be discussed in the second meeting of the State Level Bankers Committee under the chairmanship of Agriculture Secretary, 2022-23, who expressed ...
Monsoon + Indian Agriculture
Fresh rain affects crops in some talukas of Nashik districtedit
Times of India – Online
Fresh spell of rainfall in the past few days has affected the kharif crops in some talukas of Nashik district. According to the agriculture department, the assessment of crop loss has started and the reports are expected in a day or two. An agriculture department official said crops in certain villages from Nashik, Dindori, Niphad and Deola talukas have been affected. “But the exact loss can be known only after the assessment work is over,” the official said. The rainfall in July had affected kharif crops on 1,100 hectare across Nashik district. Meanwhile, the India Meteorological Department (IMD) has forecast heavy showers for the next two days — till August 11. After a gap ...
Paddy in India
Kharif 2022: Paddy area down 13% so far due to deficient rains in West Bengal, Jharkhand, Bihar and Chhattisgarhedit
Zee Business – Online
Area sown with paddy is down 13 per cent till August 5 of the ongoing kharif season as acreage continues to lag in states like West Bengal, Jharkhand, Bihar and Chhattisgarh due to deficient rains. As per the data of the agriculture ministry, the area covered under paddy stood at 274.30 lakh hectare (LH) as on August 5, as against 314.14 LH in the year-ago period. Less paddy acreage is reported from West Bengal (12.28 LH), Jharkhand (9.34 LH), Bihar (4.85 LH), Chhattisgarh (4.39 LH), Uttar Pradesh (3.82 LH), Madhya Pradesh (3.72 LH), Odisha (3.56 LH) and Telangana (2.89 LH). India is the world’s second largest producer and top exporter of rice. The country commands ...
Tractor industry
On a bumpy ride: Demand for low-cost tractors hits margins in June quarteredit
Business Standard – Online
Tractor demand is typically influenced by commercial considerations such as farm profitability, which has been impacted by high input costs including frequent increase in price of tractors. Margins of most tractor makers took a knock in the quarter ended June as farmers opted for cheaper, low-horsepower (HP) models. This is despite volumes touching a record high.