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Farmers’ strike fails to hit vegetable prices

NEW DELHI | CHANDIGARH | PUNE: The ongoing 10-day farmer strike called by the Rashtriya Kisan Mahasangh has so far made no major impact on the market, although traders said they are watching the situation closely. Supplies and prices of fruits and vegetables remained stable in most places, including the big cities of Delhi and Mumbai, with the impact of the agitation remaining limited to isolated pockets like parts of Punjab and Maharashtra.  Meanwhile, the Bhartiya Kisan Union(Rajewal), a farmers’ organisation from Punjab, announced that it would stay off the strike from June 6, indicating differences within the Mahasangh, an umbrella body of more than...

Last Updated: Tuesday, 5th June, 2018 04:30 PM Visits 19

Wheat procurement surpasses government's target by 6.25% to over 34 million tonnes

NEW DELHI: Wheat procurement has crossed the government's target by 6.25 per cent to 34.08 million tonnes (MT) so far in this marketing year as purchases in Uttar Pradeshhave picked following special efforts by the state authorities.  Food Corporation of India (FCI) and other state agencies had procured 29.37 MT in the same period of the 2017-18 marketing year (April-March). Total wheat procurement stood at 30.82 MT in 2017-18.  The government fixed higher target of 32 MT for this year in view of record output.  According to official data, of the 34.08 MT procured so far this year, 21.45 MT has been purchased from two states Punjab and Haryana. Buying in...

Last Updated: Monday, 28th May, 2018 04:26 PM Visits 15

Cotton exports could hit 4-year high on price rally, weak rupee

MUMBAI: India's 2017/18 cotton exports are likely to jump nearly 30 percent from the year before to a four-year high of 7.5 million bales, as climbing global prices and a weaker rupeeboost overseas demand, the head of an industry body told Reuters.  Increased supply from India could drag on a rally in international prices for the commodity and would likely compete with shipments to Asia from exporters like the United States, Brazil and Australia.  "We can end the season with exports of 7.5 million bales," said Atul Ganatra, president of the Cotton Association of India (CAI), adding that higher international prices would drive up shipments.  The country has...

Last Updated: Friday, 25th May, 2018 04:28 PM Visits 17

Maharashtra farmers say they’ll use GM seeds

PUNE: Even as the country debates the use of genetic modification technology, some cotton farmers in Maharashtra have decided to defy government directives against the use of illegally propagated herbicide-resistant cotton varieties and other GM crops like brinjal and mustard. They have called their protest an ‘Agitation for Freedom to use Technology’.  India has not allowed cultivation of Herbicide Tolerant (HT) BT cotton variety, which helps farmers save the cost on employing manual labour for removing weeds. HTBT cotton plant is resistant to herbicide sprays, which then kill only the weeds.  The Central Institute of Cotton Research (CICR), Nagpur had confirmed presence...

Last Updated: Thursday, 24th May, 2018 04:29 PM Visits 21

Wheat procurement up 16% so far; may cross target of 32 million tons

New Delhi: Wheat procurement has risen by 16 per cent to 31.87 million tonnes so far in this marketing year and is all set to cross the government's target of 32 MT, according to official data.  State-run Food Corporation of India (FCI) and state agencies had procured 27.57 MT in the same period of the 2017-18 marketing year (April-March).  Total wheat procurement stood at 30.82 MT in 2017-18 and government had fixed higher target in view of record output.  "There is increase in wheat purchase because more procurement centres were set up this year. As a result, more and more farmers are approaching the centres to sell their produce,"...

Last Updated: Monday, 14th May, 2018 04:05 PM Visits 31

Demand for cotton seeds in Punjab down 20-30% from year ago, say companies

Cotton season in Punjab is off to a sluggish start, with seed companies reporting low demand for BT cotton seeds, the variety that accounts for most of the cotton grown in the country. Seed companies say farmers are shifting to other crops, especially paddy and maize, in which they see higher returns.  Accordingly, cotton acreage in the state this kharif season is expected to drop by 15-20% despite an 8% discount in price of seeds this year. Experts said if sowing doesn’t pick up pace, it could affect the revival of cotton in Punjab, where acreage under the cash crop had jumped by about...

Last Updated: Friday, 11th May, 2018 04:06 PM Visits 34

Punjab promotes PAU rice variety to cut water usage and stubble burning

CHANDIGARH: Punjab farmers are being urged to switch to the early-maturing varieties of paddy which need less water and leave lighter stubble in the fields after harvest.  “We are promoting short-duration paddy varieties developed by Punjab Agriculture University over late-maturing PUSA varieties that require more water and leave heavier stubble,” BS Bains, director, Punjab Agriculture Department, told ET.  On PUSA-44 variety, he said, “It increases menace of air pollution as the stubble is heavier than the short-duration varieties.”  The state agriculture department is promoting PR 126, a short-duration variety developed by Punjab Agriculture Department. The PR 126 attains height of 102 cm and matures in 123-125 days....

Last Updated: Thursday, 3rd May, 2018 04:08 PM Visits 32

Govt meets Rs 10 lakh cr credit disbursal target for FY18

NEW DELHI: Agriculture credit is growing every year and reached Rs 10 lakh crore last fiscal, the government said today while stressing upon the need to increase the flow to small farmers as well as providing loan access to tenant cultivators.  The agriculture ministry will soon bring a proposal before the Cabinet for improving lending to small and marginal farmers based on the recommendations of the Sarangi committee.  "Agriculture credit flow is going up every year. We have achieved the disbursal target of Rs 10 lakh crore in 2017-18 fiscal. The target for the current financial year has been enhanced to Rs 11 lakh crore,"...

Last Updated: Tuesday, 24th April, 2018 05:37 PM Visits 52