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Onion prices jump 75 per cent in two days, imports likely to happen

PUNE: A staggering 75% jump in average onion prices within two days at the Lasalgaonwholesale market on Thursday has raised expectations that India may resort to imports to tame rising prices.  Onion prices at the benchmark market in Nashik shot up to a minimum of Rs 8 per kg and maximum of Rs 26.31 per kg on Thursday, up from Rs 5 per kg and Rs 19 per kg respectively a day before, and Rs 5 per kg and Rs 15 per kg on Tuesday.  “The present wholesale prices in Lasalgaon are higher than that in Delhi. Traders increase prices on a daily basis so that by...

Last Updated: Saturday, 5th August, 2017 11:48 AM Visits 101

Vegetables get 40 per cent costlier in West Bengal, Jharkhand and Odisha

KOLKATA: Vegetable prices have shot up by 20% 40% in eastern states of West Bengal, Jharkhand and Odisha in last one week as heavy rains accompanied by release of water by Damodar Valley Corporation (DVC) have inundated large tracts of land resulting in crop loss. Prices of common vegetables like brinjal, pointed gourd, cauliflower, ridged gourd have become expensive is last one week as traders say that vegetables have been destroyed due to heavy rains as well as by release of water by DVC resulting in decreased supply. Prices of tomato has touched Rs 100 per kg in all these states. In...

Last Updated: Friday, 4th August, 2017 11:49 AM Visits 123

Tomato prices likely to decline in next 15 days: ICAR official

NEW DELHI: Tomato prices, which have skyrocketed up to Rs 100/kg, are more likely to decline over the next fortnight as supplies from southern and other growing states are expected to improve, said a senior ICAR official.  Retail tomato prices have gone through the roof for more than a month now in most parts of the country and are still ruling high up to 100 per kg, as per the data maintained by the consumer affairs ministry.  Tomato prices in metros were ruling at Rs 95/kg in Kolkata, Rs 92/kg in Delhi, Rs 80/kg in Mumbai and Rs 55/kg in Chennai on June 29, as per...

Last Updated: Sunday, 30th July, 2017 11:47 AM Visits 95

harif crop planting on target, next 10 days crucial: Agriculture Secretary

NEW DELHI: India’s kharif crop outlook remains good despite weak rainfall in the past week, but monsoon activity in the next 10 days will be crucial, top agriculture ministry officials said.  Rainfall in the past week has been 19% below average but the weather office has forecast above normal showers for the next two weeks, calming concerns of crop stress in the early phase of the rabi season.  Rainfall in Madhya Pradesh has picked up significantly in the past two days cheering farmers, but parts of Karnataka remain rain deficient. “On the whole situation is good,” agriculture secretary Shobhana K Pattanayak said. “Sowing is on track, higher by 9% over...

Last Updated: Friday, 14th July, 2017 12:48 PM Visits 183

Who's benefitting from farm insurance?

Continuing suicides and in termittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the muchpublicised Pradhan Mantri Fasal Bima Yojana (PMFBY) had not provided relief to hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic issues.  Responding to a question, ag riculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in...

Last Updated: Saturday, 8th July, 2017 12:48 PM Visits 157

Basmati brands seek parity in GST

CHANDIGARH: Seeking all rice brands to be brought under the 5 per cent GST, the registered basmati brands are terming the levy as discriminatory in the current version. The companies claim that distributors and retailers will prefer unregistered brands to evade GST.  The opposition to GST is also sparked as top basmati brands like Dawaat and India Gate fall in exempted list while several small players have come under the ambit of the tax. Under GST rice brands that are registered under Mark Act 1999 have come under 5 per cent GST while unregistered brands have been extended exemption.  In a letter to the union...

Last Updated: Friday, 7th July, 2017 12:45 PM Visits 120

Chandrababu Naidu ropes in noted agriculturist to promote organic farming in AP

Noted agriculturist and inventor of Zero Budget Natural Spiritual Farming, Subhash Palekar, has been appointed as advisor by the Andhra Pradesh chief minister N Chandrababu Naidu to promote organic farming in the state.  As part of the mandate, Palekar will be responsible for formulating agriculture related policies and look after knowledge sharing with the farmers.  “We will strive to make Andhra Pradesh 100% organic in the coming years and eliminate use of harmful chemicals and fertilizers in crop production,” said Naidu.  The state government, which has already implemented Palekar’s Zero Budget Natural Spiritual Farming technique in 2,000 villages covering over five lakh hectares and trained five...

Last Updated: Wednesday, 14th June, 2017 12:09 PM Visits 125

Farmers prepare for Kharif crops as monsoon sets in

NEW DELHI: Farmers have started preparing land for growing kharif crops following onset of monsoon rains in some parts of the country.  This time round, farmers are expected to bring 107 million hectares under cultivation for paddy, soyabean, pulses, cotton, bajra, jowar, groundnut and maize, raising hopes of a bigger grain harvest this year.  Companies and analysts said the acreage under cotton could surpass soyabean and pulses as prices are firm. The government, however, could announce higher minimum support price for pulses and oil seeds to boost domestic production and reduce the country’s dependence on imports, they said.  Farmers have already started preparing land and raising paddy nurseries, from where saplings...

Last Updated: Friday, 9th June, 2017 12:08 PM Visits 116