India’s rice production for the 2024 kharif season is estimated at 119.93 million tonnes (tonnes), up 6% from 113.26 million tonnes. Similarly, maize production for the 2024-25 kharif season is estimated at an all-time high of 24.54 million tonnes as against 22.25 million tonnes in the previous year. The shift from pulses and cash crops to stable rice and maize poses challenges to policy makers on how to adjust cropping patterns to meet national needs.
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Agricultural terminal (mandis) prices for the past 30 days indicate that production of at least four kharif crops (soybean, groundnut, jowar, niger) may be higher than last year, while yield of toor, urad will decline. It shows that it is possible. , moong, sunflower, sesame. Prabhudatta Mishra reported that the production of rice, maize, bajra and ragi may be close to last year’s levels as per market prices.
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Wheat prices in the country, especially in the south, have reached an all-time high of Rs 34,000 per tonne for delivery to rail freight sheds. For this reason, flour mills are seeking permission to start open market sale system (OMSS) from this financial year and import at lower duty rates.
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Basmati farmers in Punjab are happy even though prices have come down from last year. The reason for their happiness lies in the current procurement situation in the state amid delays in purchasing non-basmati rice after two weeks of protests by rice millers and contracting agents created uncertainty. There is a particular thing. Vijay Setia, former president of the All India Rice Exporters Association, said this year’s procurement situation will motivate some farmers to shift from non-basmati to basmati.
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The hike in coconut oil prices since Onam has brought cheer to the farmer community, with prices crossing the ₹200 mark. This surge is due to supply-side weakness in growing regions around the world, reports Sajeev Kumar V. Kennedy.
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