Media Monitor
Agriculture Industry
Rice prices up 15%, Palm oil seen rising tooedit
The Economic Times – Online
Rice and palm oil are becoming more expensive in India. In the last one month, the price of rice has increased by up to 15 per cent, while that of palm oil is seen rising by Rs 5-7 a litre in the coming weeks. The basmati variety of rice is selling at a record high of Rs 110 per kg as compared with Rs 95 per kg a month ago. Traders attribute this to rice millers building stocks in anticipation of better prices in the world market as floods in Pakistan have damaged the country’s rice crop. “This is happening despite hardly any orders from Iran, one of the biggest markets for Indian basmati ...
Events
International Expo on Agriculture & Dairy Technology to Kickstart in Ludhianaedit
Krishi Jagran – Online
The Ludhiana Exhibition Centre in Punjab’s Sahnewal city is slated to host an international exhibition on dairy technology and agricultural machinery from January 20–22, 2023. The third edition of the expo is being put on by Udan Media and Communication Pvt Ltd with assistance from the Punjab Agricultural University (PAU), the Indian Council for Agricultural Research, the Bureau of Indian Standards, and the central Department of Agriculture and Farmers Welfare (ICAR). Additionally, the Agricultural Machinery Manufacturers Association (AMMA, India) is supporting it. The event is being organized in collaboration with the Punjab State Agriculture Implement Manufacturer Association (PSAIMA).
Govt. Policies
Punjab Govt Brought Initiative To Bring Revolution In Field Of Clean And Green Energy In 2022edit
DNP India – Online
To ensure maximum use of natural resources to save the state’s environment, The Punjab government led by Bhagwant Mann has taken several important initiatives during the year 2022 to bring revolution in the field of clean and green energy. Taking forward the state’s master plan for a sustainable rural economy, the Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Chief Minister of Punjab, S. Asia’s Largest Compressed Bio Gas (CBG) Plant at Village Bhutal Kalan, Sangrur in October, 2022 by Bhagwant Mann was inaugurated. The plant has been commissioned by Germany’s leading bio-energy company Varbio AG with a foreign direct investment of about Rs 220 crore. 33.23 tonnes of CBG ...
Paddy in India
FCI’s paddy procurement up by 11% at 53 million tonneedit
The Financial Express – Online
Three months since the commencement of paddy procurement by the Food Corporation of India (FCI) and state government agencies for the current kharif season (2022-23), the total purchase till Sunday was up by 11% on year at 53 million tonne (MT). Higher grain procurement is expected to boost rice stocks held by FCI, which has been depleted by implementation of the free ration scheme that was implemented during April, 2020 – December, 2022. As on January 1, FCI has 12.4 MT of rice along with 32.5 MT to be received from millers which was far more than the buffer requirement of 7.6 MT.