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India's 2017/18 cotton output could rise 9 per cent from last year

MUMBAI: India's cotton output is expected to rise 9.3 percent in the year that began in October, a government official said on Tuesday, but production is likely to fall almost 6 percent than industry estimates for 40 million bales, each of 170 kg.  Cotton production could touch 37.7 million bales in the year that began in October, up from 34.5 million bales produced in 2016/17, Kavita Gupta, India's textile commissioner, told a news conference.  Cotton shipments from India, the world's biggest exporter after the United States, are expected at 6.7 million bales in the 2017/18 marketing year, up 15.1 percent from a year earlier,...

Last Updated: Tuesday, 12th December, 2017 03:36 PM Visits 15

Wheat sowing down 6.23%, to pick pace in coming weeks: Government

Wheat sowing, which was lagging behind by 6.23 per cent till last week of this rabi season, will pick up pace in the coming weeks, Agriculture Secretary S K Pattanayak said ruling out any reduction in total acreage.  Sowing of wheat, the main rabi crop, starts in October and harvesting begins in April.  As per the official data, farmers had sown wheat in area covering 190.87 lakh hectares till last week of the season, down by 6.23 per cent from 203.56 lakh hectares in the year- ago period. Normally wheat is sown in 300-odd lakh hectares of land.  The sowing is lagging behind in key growing states Uttar...

Last Updated: Sunday, 10th December, 2017 03:35 PM Visits 7

Jaitley kicks off pre-budget talks with unions and farmer groups

Finance minister Arun Jaitley met trade unions and farmers groups on Tuesday, starting the process of pre-Budget consultations with key stakeholders.  Jaitley said to achieve the goal of doubling farmers’ income by 2022 there was need to improve storage and marketing facilities for agri produce so that farmers get better price, a statement issued by the finance ministry said.  He said there was need for water conservation, incentivising agro processing and balanced use of fertilisers in order to ensure higher agriculture productivity.  Farmers groups suggested that India has constantly pursued ‘Food Policy’ and Budget 2018-19 is an opportunity to shift to ‘Farmers’ Policy’. There is need to reduce pressure...

Last Updated: Friday, 8th December, 2017 03:31 PM Visits 6

Tomato prices harden, hit Rs 80 per kg in Delhi

NEW DELHI: Tomato prices in retail marketsof the national capital soared to Rs 80 per kg today in view of tight supplies, trade data showed.  The key kitchen staple has become equally dearer in other parts of the country.  For instance, tomato prices in Bengaluru, one of the major producers, are ruling at Rs 45-50 per kg in retail markets. In Aizawl in Mizoram, these are being sold at around Rs 95-100 per kg.  "The availability of tomato is less at present because the crop has been hit badly due to recent rains in Karnataka and Madhya Pradesh," said Ashok Kaushik, President of Tomato Merchant Association at Azadpur mandi.  Traders could not source...

Last Updated: Friday, 24th November, 2017 12:29 PM Visits 29

India cotton exports to drop as pink bollworms eat crop

WARDHA: India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry officials told Reuters on Thursday.  Lower exports from the world's biggest producer will help its rivals like the U.S, Braziland Australia to raise their exports to Asian buyers like Pakistan, China and Bangladesh.  "This year exportable surplus will be around 6 million bales. Production estimates are revised down due to the pest attack," said Nayan Mirani, a partner at Khimji Visram & Sons, a leading cotton exporter.  Earlier, industry officials were estimating exports of...

Last Updated: Thursday, 23rd November, 2017 12:26 PM Visits 29

India's 17-18 cotton production to be up by 11% at 375 lakh bales: CAI

PUNE: The CAI has estimated cotton crop for the 2017-18 season at 375.00 lakh bales of 170 kgs. each which is higher by 37.75 lakh bales compared to the previous year’s crop of 337.25 lakh bales.  The Cotton Association of India (CAI) has released its first estimate of the cotton crop for the 2017-18 season beginning from 1st October 2017.  The increase in crop estimated for the 2017-18 crop year is on account of the higher acreage under cotton than compared to the previous crop year. The acreage under cotton during 2017-18 is estimated to be more by about 19% than that of the...

Last Updated: Wednesday, 15th November, 2017 12:27 PM Visits 26

Government to dispose of 5 lakh tons of pulses buffer stock by March

NEW DELHI: The Centre, which is sitting on a buffer stock of 18 lakh tonnes of pulses, is aiming to dispose of up to 5 lakh tonnes of lentils by March 2018, a senior food ministry official said today.  Last week, the cabinet committee on economic affairs (CCEA) gave approval for distributing a part of the pulses buffer stock to central schemes like Midday Meal and other state-run agencies besides state governments.  "The recent CCEA approval will help clear at least 3.5 to 5 lakh tonnes of pulses from the buffer stock by end of this fiscal," the official told.  Already, pulses are being given to...

Last Updated: Monday, 13th November, 2017 12:28 PM Visits 32

Mustard seed futures gain on spot cues

New Delhi, Nov 8 Mustard seed prices advanced by Rs 40 to Rs 3,996 per quintal in futures trading today in line with upbeat sentiments at spot markets. Mustard prices rose at spot markets on strong demand from oil mills amid tight supplies from producing belts. At the National Commodity and Derivative Exchange, mustard seed to be delivered in December month spurted by Rs 40 or 1.01 per cent to Rs 3,996 per quintal, having an open interest of 35,710 lots. Mustard seed for delivery in current month contracts, hardened by Rs 36 or 0.92 per cent to Rs 3,966 per quintal, showing...

Last Updated: Wednesday, 8th November, 2017 05:57 PM Visits 33