New Delhi: India has exported more than 45,000 tonnes of onion since the ban on outbound shipments was lifted early this month, a top government official said on Wednesday. These exports provided relief to farmers after curbs were imposed to keep domestic supplies steady ahead of general elections. The world’s biggest vegetable exporter banned exports … Read more
The deficit rainfall in Karnataka this year has led to crop losses in about 42 lakh hectares worth about Rs 30,433 crore in the six-month kharif season beginning April. The drought destroyed agricultural crops in 39.74 lakh hectares, and horticultural crops in 1.82 lakh hectares. Karnataka has declared 195 out of 236 taluks as drought-hit … Read more
“So, we are predominantly rural. If you look at the complete AUM, this consists of about 80% which is rural. So, the rural economy is doing well with probably normal rainfall and normal monsoon being there,” says HP Singh, CMD, Satin Creditcare Network. Now, you managed to post a growth of 26% on a year-on-year … Read more
Farmers in India have sown kharif crops across 979.88 lakh hectares so far this year, as against 972.58 lakh hectares in the same period of last year, according to the latest data from the Agriculture Ministry. On a yearly basis, the sowing is around 1 per cent higher. Commodity-wise, paddy sowing is at 328.22 lakh … Read more
The delay in monsoon progress is likely to affect sowing of paddy and soybean this harvesting season as key producing areas of these major kharif crops face an acute rainfall deficiency in June, agriculture experts said. Major agricultural states such as Maharashtra, Chhattisgarh, Madhya Pradesh, Uttar Pradesh and West Bengal stare at a rainfall deficiency … Read more
The centre has allowed the import of urea through India Potash Limited for another year until March 2024, the Directorate General of Foreign Trade said in a notification. Earlier, it was supposed to be allowed till March 2023. Besides India Potash Limited, the import of fertilizer is already allowed through Rashtriya Chemicals and Fertilizers, and … Read more
With the sowing season nearing its end, experts have warned that kharif crop output could be significantly lower this year as the area under cultivation of rice, urad and tur is down by an average of 52.98% from last year. Erratic rainfall has also caused crop damage in several areas, they said. “The lag in … Read more
The Maharashtra government is concerned about the unsatisfactory pace of kharif sowing in the state, which has been completed on 13% of the kharif area as against 100% coverage during corresponding period of the previous year. The state cabinet today discussed the state of kharif sowing in the state. The state has received 134 milimeter … Read more
NEW DELHI: Farm income-related stocks are back in focus as southwest monsoon looks set to hit Kerala on May 27. A good monsoon tends to increase rural demand. Analysts said if the monsoon goes well, one may see a lift in farm income and, thus, demand, especially when food prices are rising. Two-wheelers, tractors, consumer … Read more
Tomato prices in wholesale markets in most producing states have crashed to as low as Rs 4 per kg amid supply glut, government data showed. In fact, the wholesale prices of tomato in 23 growing centres out of 31 monitored by the government were down by 50 per cent from the year-ago period or below … Read more