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Telangana govt to buy 36 L tonnes of paddy from farmers

The Telangana Civil Supplies Department has decided to purchase an estimated 36 lakh tonnes of paddy from farmers in the coming Rabi season, a senior official said today. Commissioner for Civil Supplies CV Anandsaid all arrangements are being made for purchasing paddy from farmers from the first week of April. Anand, who held a review meeting with officials on Rabi paddy procurement at the Civil Supplies Bhavan here, said all necessary measures should be taken to see that farmers do not face any difficulty in selling paddy at Minimum Support Price.  "Minimum Support Price should be compulsorily paid to farmers. MSP for ordinary paddy is Rs 1,550, while for Grade 'A' paddy it is...

Last Updated: Friday, 30th March, 2018 02:23 PM Visits 22

Farmers sell mustard below MSP as government assures more centres

Chandigarh: The ongoing procurement of mustard at a minimum support price (MSP) of Rs 4,000 per quintal in Haryana is hurtled by a lack in the number of collection centres. Farmers are selling the produce to traders at Rs 3,700-3,800 per quintal in the state as the logistic costs are too high to reach the collection centres in many districts in the state.  Most of the farmers have sold their produce to private traders as 38-odd centres opened for the mustard procurement have failed to cater to farmers across districts.  “I had to sell mustard at Rs 3,600 per quintal as government procurement had...

Last Updated: Wednesday, 28th March, 2018 02:26 PM Visits 34

Working to ensure that farmers who don't own land get agriculture loans: PM Modi

NEW DELHI: Prime Minister Narendra Modi on Saturday said that the government is working to ensure that adequate agriculture credit is available to farmers who don’t own land but grow crops on other fields. He also added that the centre is working with states to ensure that farmers get minimum support price (MSP) for crops at least one and a half times the cost.  Addressing the Krishi Unnati Mela 2018 in Delhi, the Prime Minister said, “We are working for farmers who rent agriculture land to do farming. To ensure that such famer get easy agriculture credit we are in talks with state governments.”  He added that it...

Last Updated: Saturday, 17th March, 2018 02:21 PM Visits 18

India's April-January non-basmati rice exports jump 34 per cent year on year: Govt body

MUMBAI: India's non-basmati rice exports during April-January jumped 34 percent from a year earlier to 7.02 million tonnes as Bangladesh, Benin and Sri Lanka raised purchases, a government body said.  The country's buffalo meat exports during the period rose 7.2 percent from a year ago to 1.16 million tonnes on good demand from Vietnam, Malaysia and Egypt, the Agricultural and Processed Food Products Export Development Authority said in a statement.  India is the world's biggest exporter of buffalo meat and rice....

Last Updated: Wednesday, 14th March, 2018 11:42 AM Visits 40

Government cuts Bt cotton seed price to Rs 740/packet

NEW DELHI: To bring relief to cotton growers hit by pest attacks, the government has cut maximum sale price of genetically modified (GM) Bt cotton seeds to Rs 740 per packet for the second year in a row from Rs 800 earlier.  That apart, the royalty fee or trait value payable by domestic seed firms to technology developer Monsanto Mahyco Biotech (India) Ltd (MMBL) has been slashed to Rs 39 per packet from Rs 49.  The new prices will come into effect from the 2018 kharif season starting June. A packet of Bt cotton seeds is of 450 gram.  The move will benefit 8 million cotton growers, but will reduce...

Last Updated: Tuesday, 13th March, 2018 11:41 AM Visits 60

Oilmeals exports drop 47 per cent during February 2018

Export of oilmeals during February 2018 has dropped by 47% in comparison to February 2017 to 161,969 tons, according to figures compiled by the Solvent Extractors' Association of India.  The overall export of oilmeals during April 2017 to February 2018 provisionally is reported at 2,677,536 tons compared to 1,714,984 tons during the same period of last year - up by 56%.  On 17th November 2017, government raised the import duty on edible oils by 12.5% to 15% across the board and increased MEIS on soybean meal to 7% from 5%. This steps has made Indian oilmeal more competitive in the world market and resulted in...

Last Updated: Wednesday, 7th March, 2018 11:38 AM Visits 36

Need to emphasise use of jute on infra projects: Smriti Irani

KOLKATA: Pitching for diversifications of jute products, Union Textiles Minister Smriti Iranisaid there is a need to emphasise on the golden fibre to be used for the purposes of building infrastructure.  "We are the biggest producer of jute. But why would not we compete at the same level with Bangladesh? If you look at the Bangladesh business model, they have diversified jute products.  "On the Indian jute Industry, why would not you diversify in terms of product range as much as the Bangladesh does? The industry said the problem begins with the quality of raw jute," she said on Tuesday late evening at an interactive...

Last Updated: Wednesday, 28th February, 2018 11:37 AM Visits 38

GDP growth not justifiable unless benefits reach farmers: Arun Jaitley

NEW DELHI: Ahead of the Budget, Finance Minister Arun Jaitley today said the agriculture sector is the top priority for the government because the country's economic growth is not "justifiable and equitable" unless the benefits are "clear and evident" in the farm sector.  Therefore, the government's priority is to ensure the gains reach the farmers and the growth is visible even in the farm sector, he said at an event here.  As per latest Central Statistics Office (CSO) data, the country's economic growth is expected to slow to a four-year low of 6.5 per cent in the 2017-18 fiscal, the lowest under the Modi-led government, mainly due...

Last Updated: Sunday, 14th January, 2018 01:34 PM Visits 121