Media Monitor
Agriculture Industry
Government closely monitoring wheat prices, will take steps to curb any abnormal rise: Food Secretaryedit
Zee Business – Online
The government on Wednesday said it is closely monitoring the prices of wheat and will take steps in case there is an abnormal rise in rates in the retail market. Amid concerns over the spike in wheat prices despite export ban, Union Food Secretary Sanjeev Chopra that wheat and rice stocks position is comfortable and much above the government’s buffer requirements. “Rice prices are just flat. Wheat prices have gone up by 7 per cent in retail after the imposition of wheat ban in May and if we take into account the increase in Minimum Support Price (MSP), the price rise is 4-5 per cent,” he told reporters here. “Rice prices are just flat. Wheat ...
Cotton exports hit as farmers hold stocks for higher pricesedit
Livemint – Online
Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest, hoping for higher prices in coming months, industry officials said. The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world’s biggest producer of the fibre. “Harvesting of the new crop started last month, but many farmers are not willing to sell. They are holding crop hoping prices would rise like the last season,” said Atul Ganatra, president of the Cotton Association of India (CAI). Farmers received record prices for their last season’s crop, but the new crop is unlikely to get the same prices as local production has risen ...
“India Will Become The Third Largest Economy In Next 6 years”: Punit Renjen Volume 90%edit
Business Today – Online
Catch Udayan Mukherjee, Global Business Editor, Business Today TV in an exclusive conversation with Punit Renjen, Global CEO Deloitte. Renjen said, “India will become the third largest economy in the next six years.” Renjen further added that “the supply chains and the realignment of supply chains, where India has a large base of capability, large domestic market, can be and should be a destination for resilient supply chains. Apple setting up a facility in Tamil Nadu and expanding that facility is a good example of that. “I see no reason why India cannot take advantage of the realignment of supply chains that came to the fore through the pandemic,” Renjen said.
Paddy in India
Paddy cultivation drops by 45 pc within 10 years in Wayanadedit
Mathrubhumi – Online
As fields continue to be replaced by banana plantations, paddy fields are deteriorating in Wayanad. According to Land Using Data 2019, the district is left with only 133.25 sq. kms of paddy fields. Around 25.96 kms of land has been converted to banana plantations. Whereas,1.86 sq. kms of paddy field was cleared for cultivating other crops and 0.77 sq. kms for construction of houses. As per the report, there has been a 45 per cent decrease in paddy cultivation within the last 10 years. Meantime, plantain cultivation in the district has expanded to 12,842 hectares from just 1054 hectares in the 1990s. The conversion of paddy lands has been on the rise in the district on ...
Stubble Burning
Uttar Pradesh Farmers Engaging in Stubble Burning To Be Stripped Of Benefits Lent By PMKSN Government Schemeedit
The Weather Channel – Online
Stubble burning constantly threatens the already deteriorating air quality in India’s northern states during the winter. And while the state and central governments work tirelessly to come up with a solution to dissuade farmers from engaging in this activity, success stories have been scarce. The ‘impracticality’ of alternative methods of crop disposal has led to many farmers across the state taking the easy way out and simply setting fire to the residual crop. And the dire state of affairs has had the Uttar Pradesh government mulling over how to best deal with the situation for weeks. Now, the agricultural department has finally devised a solution to curb stubble burning. Officials have warned that farmers ...