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Category: Business

Business

Punjab CM announces hike in sugarcane price to ₹380 per quintal

Posted on October 3, 2022 By admin
Punjab CM announces hike in sugarcane price to ₹380 per quintal

Punjab Chief Minister Bhagwant Mann speaks during the ongoing session of Punjab Legislative Assembly, in Chandigarh on October 3, 2022. | Photo Credit: PTI Punjab Chief Minister Bhagwant Mann on Monday announced increasing the price of sugarcane to ₹380 per quintal from the existing ₹360 per quintal. He announced a hike in SAP (State agreed…

Read More “Punjab CM announces hike in sugarcane price to ₹380 per quintal” »

Business

Why many Kerala farmers are ditching cash crops like rubber for rambutan and other exotic fruits

Posted on September 22, 2022 By admin
Why many Kerala farmers are ditching cash crops like rubber for rambutan and other exotic fruits

Probing through the thick, green leaves of a 15-foot-tall tree, 63-year-old Safiya Sulaiman plucked a reddish orb with a prickly rind. As she cut around its equator, what popped out was a snow-white segment that is highly coveted for its sweetness. “This fruit is making quite a splash,” she said, savouring the succulence that has…

Read More “Why many Kerala farmers are ditching cash crops like rubber for rambutan and other exotic fruits” »

Business

Rice production short of target in kharif season: Centre

Posted on September 21, 2022 By admin
Rice production short of target in kharif season: Centre

The decrease in cultivation of kharif crops is in about nine lakh hectares so far. | Photo Credit: SANDEEP SAXENA India’s rice production during the kharif season is likely to fall short of the target of 112 million tonnes (MT) and will reach only 104.99 MT, said the first advance estimate for 2022-23 released by…

Read More “Rice production short of target in kharif season: Centre” »

Business

A push for framework on farmers’ rights at international meet

Posted on September 21, 2022 By admin
A push for framework on farmers’ rights at international meet

September 21, 2022 08:50 pm | Updated September 22, 2022 12:39 am IST – New Delhi: Union Minister for Agriculture and Farmers Welfare Narendra Singh Tomar at the inauguration of the 9th Session of Governing Body of the International Treaty on Plant Genetic Resources for Food and Agriculture, in New Delhi, on September 19, 2022….

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Business

Explained | The ban on the export of broken rice

Posted on September 18, 2022 By admin
Explained | The ban on the export of broken rice

The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of basmati or parboiled rice. The Secretary at…

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Business

Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report

Posted on September 17, 2022 By admin
Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report

Representational image. | Photo Credit: Kommuri Srinivas A Finance Ministry report on September 17 underlined the need for deft management of stocks of agriculture commodities in view of lower crop-sowing for the Kharif Season, stressing there should be no room for complacency on the inflation front. Overall, inflationary pressures in India appear to be on…

Read More “Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report” »

Business

India set to allow 5 mn tonnes of sugar exports in first tranche

Posted on September 14, 2022 By admin
India set to allow 5 mn tonnes of sugar exports in first tranche

India’s domestic sugar consumption is estimated at around 27.5 million tonnes India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday. “The permission to export 5 million tonnes of sugar is expected in the coming weeks and…

Read More “India set to allow 5 mn tonnes of sugar exports in first tranche” »

Business

India’s rice exports set to fall 25% as levy make shipments expensive

Posted on September 14, 2022 By admin
India’s rice exports set to fall 25% as levy make shipments expensive

India’s rice exports could fall 16.2 mn tonne from 21.2 million tone India’s rice exports could fall by around a quarter this year as New Delhi’s restrictions force buyers to switch to rival suppliers which are offering the grain at a cheaper price, trade and industry officials said. Late last week, the world’s biggest exporter…

Read More “India’s rice exports set to fall 25% as levy make shipments expensive” »

Business

India imposes 20% export duty on non-Basmati rice

Posted on September 8, 2022 By admin
India imposes 20% export duty on non-Basmati rice

According to a notification by the Revenue Department, an export duty of 20% has been imposed on ‘rice in husk (paddy or rough)‘ and ‘husked (brown) rice’. | Photo Credit: Sandeep Saxena The Centre on Thursday imposed an export duty of 20% on rice, brown rice, and semi-milled as well as wholly milled rice except…

Read More “India imposes 20% export duty on non-Basmati rice” »

Business

Paddy cultivation sees decline – The Hindu

Posted on September 2, 2022 By admin
Paddy cultivation sees decline – The Hindu

As of now, paddy has been cultivated in 383.99 lakh hectares of area and in the corresponding period of 2021 it was 406.89 lakh hectares. File  | Photo Credit: The Hindu The trend of decrease in paddy sowing has continued even as the monsoon season in northern India is in its last legs. According to…

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