Media Monitor
Agriculture Industry
Pulses, oilseeds demand to outstrip production by 2047-48: NITI Aayogedit
Amid protests by farmers at the Punjab-Haryana border demanding legalisation of minimum support price (MSP), a new NITI Aayog report has highlighted the urgent need to diversify from wheat and rice to pulses and oilseeds to bridge the demand-supply gap by 2047-48. According to the report of the working group on demand and supply projections in agriculture, released on Tuesday, under a business-as-usual scenario, India’s pulses production will rise to around 47 million tonnes (mt) by 2047-48 from around 23 mt in 2019-20, while demand will grow to almost 49 mt during this period, leaving a gap of almost 2 mt.
CLAAS Global Mentions
5 Trends from the 2024 National Farm Machinery Showedit
If walking down aisles flanked with farm equipment of all kinds and kicking tires sounds like a good way to spend a few days, the National Farm Machinery Show in Louisville, Ky., is your type of party. Case IH declared 2024 the “Year of the Combine” at its recent AF11 Combine launch in Orlando, Fla., and that trend carried through to the show floor in Louisville. New Holland, Fendt and Claas joined Case IH in featuring new-ish combines in their booths – though the Fendt and Claas products were a lower horsepower and capacity than the Class 10+ AF11 Case IH made a splash with a few weeks ago.
CLAAS’s Eric Raby on the Value of Supporting and Engaging with FFAedit
As the agriculture industry celebrates National FFA Week, AEM caught up with Eric Raby, senior vice president of Americas for AEM member company CLAAS, to discuss the importance of FFA, how the organization works to engage and develop the leaders of tomorrow, and what excites them about the future of the FFA.
Competition
Mahindra enters Agricultural Equipment Rentals with TRRINGOedit
Mahindra’s Farm Equipment Sector which is part of the $16.9 Billion Mahindra Group has announced the launch of Trringo – India’s leading organized rental services platform for mechanized farm equipment. The company dedicated the platform to all all the farmers of the nation.
Tractor industry
Have tractor sales hit a muddy patch, find out why industry is upbeat despite moderation in sales?edit
Leading tractor maker, Mahindra & Mahindra, recently issued a cautious outlook for tractor sales next fiscal. In January, an average 16 percent decline was recorded on a year-on-year comparison. A total of 53,924 tractors were sold amongst the top 7 players in the country, with Kubota witnessing the biggest drop of 40 percent in wholesales YoY.