Yellow Peas: Duty-Free Import Extended Till June
In a move to address rising pulse prices, the Indian government has extended its relaxation on import duty for yellow peas by two months. The new deadline for duty-free imports is June 30, 2024, providing much-needed relief for Indian consumers struggling with affordability. Yellow peas, considered a close substitute for chana, are expected to play […]
Kala Namak Rice Export Cap Set at 1,000 Tonnes by Govt
The Indian government, steering the world’s dominant rice industry with an annual production exceeding 135.5 million tonnes , has taken a calculated step towards introducing a new contender on the international rice scene. On Tuesday, they announced a shift in policy, permitting the export of up to 1,000 tonnes of Kala Namak rice. This aromatic, […]
Force Motors Ends Agricultural Tractor Venture
Breaking News: In a significant strategic shift, Force Motors, a leading Indian automaker, announced the closure of its agricultural tractor business effective March 31, 2024. This decision aligns with a comprehensive product rationalization program designed to streamline the company’s portfolio and prioritize segments with robust growth potential, particularly those aligned with sustainability goals. Revving Up […]
Centre Implements Weekly Wheat Stock Reporting Rule
India, the world’s second-largest wheat consumer after China, is facing a critical situation due to consecutive heatwaves that have slashed domestic wheat production by an estimated 10% in 2023 and 8% in 2022. This decline has resulted in a significant drop in government-held wheat reserves. As of early March 2024, these reserves stood at a […]
Amul Expands: Fresh Milk Launch in US
Amul, a cornerstone of Indian kitchens and a cultural icon recognized for its delectable dairy products and quirky advertisements, has embarked on a significant journey towards global expansion. In a historic first, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the force behind the Amul brand, is launching its fresh milk products in the United States. […]
Onion Export Ban Removal Demanded by Farmers
Indian onion farmers are anxiously awaiting a decision from the government regarding the removal of the export ban currently in place. The ban, implemented in December 2023, aimed to curb skyrocketing onion prices that had reached a retail inflation rate of 22.1% in February 2024. However, with the arrival of the rabi onion harvest, the […]
Shivalik Bank, Arya.ag Partner for Commodity Financing
In a significant development for the Indian agricultural sector, Shivalik Small Finance Bank and Arya.ag, a leading integrated grain commerce platform, have joined forces. This strategic partnership aims to empower a critical segment of the economy – farmers, agro-processors, and micro-enterprises – by facilitating over ₹200 crore in warehouse receipt financing during the current financial […]
Arjun Munda Inaugurates Digital Center for Farmers
Union Minister of Agriculture and Farmers’ Welfare, Arjun Munda, inaugurated the Agriculture Integrated Command and Control Center (AICCC) at the Krishi Bhawan in New Delhi on March 8, 2024. The digital center aims to empower the farmers of the country by equipping them with information, services, and facilities using digital technology. The AICCC will showcase […]
Record 40 Million Farmers Enrolled Under PMFBY
Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Union Government, has registered a record enrollment of 40 million farmers in the Kharif season of 2021. This is an increase of 36% from the previous year, when 29.4 million farmers were enrolled under the scheme. The total area insured under PMFBY […]
Govt raises Raw Jute MSP by Rs 285 for FY25
The Cabinet Committee on Economic Affairs (CCEA) has approved a hike in the minimum support price (MSP) of raw jute by Rs 285 to Rs 5,335 per quintal for the 2024-25 season. The decision is expected to benefit farmers in eastern states, especially West Bengal, where jute cultivation is predominant. The new MSP is 65 […]