Media Monitor
Agriculture Industry
Basmati rice sales to cross Rs 50,000 crore this fiscal, says Crisiledit
The Economic Times – Online
A combination of high realisation and healthy demand will help the basmati rice sector log strong sales growth of over 30% on-year to more than Rs 50,000 crore in fiscal 2023, its highest ever, said Crisil in a media release. It added: “Next fiscal, however, sales will decline by 5-7% as basmati rice realisation is expected to soften with anticipated increase in paddy acreage, leading to higher supply. The volume demand is expected to remain stable at ~6.8 million tonne.
India’s agricultural and processed food products exports up by 13% to $19.69 billionedit
Mint – Online
India’s agricultural and processed food products exports rose to $19.69 billion in April-December 2022 from $17.5 billion over the same period of the last fiscal, as per the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S). The exports of agricultural and processed food products rose by 13% in the first nine months of the current Financial Year 2022-23 (April-December) in comparison to the corresponding period of FY 2021-22.
CLAAS Global Mentions
CLAAS UPDATES XERION TRACTOR LINE FOR 2023edit
Successful Farming – Online
Claas has announced updates to its line of Xerion 4WD tractors for 2023 including powertrain upgrades and improved hydraulic flow. The enhancements for 2023 will be available on the Xerion 5000 and 4500 models in TRAC or TRAC VC configurations. “We designed the XERION to be our customers’ favored choice for true tractor capability,” says Frans Reijmers, tractor product manager for Claas. “The enhancements to 2023 models build on its core strengths and provide the power, a better balance in the design, and operator confidence that makes tackling those all-day, tough jobs more convenient than ever.”
Competition
John Deere Rolls Out 2 New Articulated Dump Trucksedit
Construction World – Online
Deere has eliminated the letter at the end of the model’s name that denoted the generation of the machine under the new tiering scheme. A G, P, or X should be substituted for that letter to indicate the performance and technological level of the device. With G standing for the entry-level model, P for advanced features, and X for the company’s hybrid diesel-electric technology and most cutting-edge features, each letter indicates a certain degree of features. The ADTs have a revised, broader dump body than earlier versions, which increases material retention and decreases the centre of gravity and loading height, reducing cycle times in quarry and aggregate applications.
Events
500 farm machinery dealers to take part in Agri exhibitionedit
The Times of India – Online
Agriculture minister Kumar Sarvjeet inaugurated the 11th edition of Agro Bihar, a state level agricultural mechanization exhibition, at Gandhi Maidan, here on Thursday. The exhibition, being organised in collaboration with Confederation of Indian Industry (CII), will continue till Sunday. Altogether125 stalls have been set up at the exhibition and around 500 agricultural machinery dealers from all districts of the state are taking part in the expo. Machinery manufacturers from over 10 states have also put up their stalls in the fair.
Paddy in India
Punjab faces threat of power shortage during forthcoming paddy seasonedit
The New Indian Express – Online
The annual power subsidy bill of the Punjab Government for the financial year 2022-23 is expected to cross Rs 19,000 crore. This is without considering a subsidy backlog of Rs 9020 crore. Against this backdrop, the power sector is heading toward a crisis. Ahead of the forthcoming paddy season, the state is poised to face serious power shortages and outages if the Punjab State Power Corporation Limited (PSPCL) fails to arrange funds on time. On February 1, the PSEB Engineers Association shot off a letter to Chief Minister Bhagwant Mann cautioning about the impending financial crisis and the consequential power crisis in the state.