Business Insider India – Online

An analysis of 12 proxy indicators suggests that rural spending grew 5.3% year-on-year (Y-o-Y) in the first 9 months of FYterms23 versus 0.6% YoY in the first nine months of FY22, according to Motilal Oswal’s EcoScope report. However, rural consumption grew only 4.6% YoY in Q3 FY23 after rising 6.5% and 5.5% in Q1 and Q2 FY23, respectively. Some of the proxy indicators include real agri wages, tractor sales, fertiliser sales and agri export, among others. The slowdown in rural consumption in Q3 FY23 was primarily led by a four-quarter-low growth in real agriculture Gross value added (GVA), a continued fall in non-agricultural wages, and a sharp slowdown (nine-quarter-low growth) in two-wheeler sales, the ...

The Times of India – Online

While the world celebrates International Year of Millet, the humble flat bread made of the flour of only single largely accepted millet, wheat, is a staple in Indian household irrespective of regional diets. However, there a few green tribal crusaders who have understood the value of millets much in advance and have amassed it in bulk in their own seed banks. Meet Kishore Gavit and Krishna Gavit who acknowledged the importance of variety of food grains and have each collected more than 500 seeds of various food grains, a majority of which comprise millets. This saving is a zealous effort of around two decades for which the duo also has travelled across the ...

Business Standard – Online

The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting April, higher than 18.79 million tonnes purchased in the previous year. The target was fixed in the meeting of state food secretaries held alongside state food ministers’ conference here to discuss procurement arrangements. The meeting was chaired by Food Secretary Sanjeev Chopra. Out of the total wheat procurement target for the 2022-23 marketing year (April-March), Punjab will aim to procure 2.5 million tonnes wheat, Haryana 1.5 million tonnes and Madhya Pradrsh 2 million tonnes, the food ministry said in a statement. Wheat procurement had declined last year due to a fall in domestic production and higher exports. ...

The Print – Online

Conditions of wheat crops in major growing states in India are normal as of date, said the Ministry of Agriculture & Farmers Welfare on Thursday. A meeting of the committee constituted by the Department of Agriculture & Farmers’ Welfare (DA&FW) to monitor the situation of wheat crops was held recently at ICAR – Indian Institute of Wheat and Barley Research, Karnal. The wheat crop condition was presented and discussed in detail by the states of Punjab, Haryana, Uttar Pradesh, Rajasthan and Madhya Pradesh, which account for more than 85 per cent of wheat acreage in the country.