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05 Feb, 2024 News Image

Wheat sown area crosses 341.57 lakh hectares.

The Department of Agriculture & Farmers’ Welfare has released final area coverage under rabi crops as on 2nd February 2024.

(Area in lakh hactare)

S. No.	Crops	Area Sown
S. No.	Crops	2023-24	2022-23
1	Wheat	341.57	339.20
2	Paddy	39.29	40.37
3	Pulses	160.08	166.19
a	Gram	104.74	110.71
b	Lentil	19.57	18.52
c	Fieldpea	10.14	9.64
d	Kulthi	4.08	4.08
e	Urdbean	6.96	7.73
f	Moongbean	5.93	6.78
g	Lathyrus	3.60	3.45
h	Other Pulses	5.06	5.29
4	pib.gov.in
05 Feb, 2024 No plans to revisit rice export restrictions until prices fall: India food secretary. India has no plans to revisit rice export restrictions until prices fall, the food secretary said on Friday, adding that the government is committed to bringing rice prices down. Source: economictimes.indiatimes.com
05 Feb, 2024 Exporting agricultural products gives economic strength to farmers, says U.P. agriculture minister. Surya Pratap Shahi, said that the country has achieved self-reliance in food production and is also exporting agricultural products, contributing to the economic strength of farmers. Uttar Pradesh agriculture and farmers welfare minister, Surya Pratap Shahi, said that the country has achieved self-reliance in food production and is also exporting agricultural products, contributing to the economic strength of farmers. Speaking at the inaugural ceremony of a three-day regional agricultural fair at the Indian Vegetable Research Institute on Saturday, Shahi emphasised the government’s commitment, guided by Prime Minister Narendra Modi and led by chief minister Yogi Adityanath, to work in the farmers’ interest. Shahi also described about the active agricultural and farmer-oriented initiatives undertaken by the Uttar Pradesh government, including the establishment of new agricultural universities, Krishi Vigyan Kendras, and comprehensive improvements in the marketing system, along with contributions to food processing. Dr Mangala Rai, former secretary and director general of ICAR, stressed the promotion of soil health through the widespread use of microorganisms. He urged farmers, agricultural institutions, and policymakers to consider future challenges such as food and nutrition security, climate change effects, organic products, food grain storage, agricultural marketing, processing, and self-employment in agriculture. Deputy director general of ICAR, US Gautam, highlighted the use of various agricultural extension and engineering measures to enhance farmers’ income. The potential improvement in farming is done through artificial intelligence and drone technology, he added. Assistant director general of ICAR, Dr Sudhakar Pandey, mentioned that the fair facilitates direct communication with farmers at various levels, raising awareness about current challenges and providing insights into coping strategies. Farmers from different states were honored during the event, and awards were distributed, with the participation of prominent officials from ICAR Headquarters. Source: hindustantimes.com
05 Feb, 2024 Shri Goyal emphasizes on importance of production of high-quality goods ensuring benefits extend to both businesses and consumers. Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal encouraged industry’s constructive feedback and collaborative engagement to shape the policies, procedures and effectiveness of the Production Linked Incentive (PLI) scheme. While delivering a keynote address at the ‘PLI Perspectives: A Stakeholder Meeting’ organized by the Department for Promotion of Industry & Internal Trade (DPIIT), Ministry of Commerce & Industry yesterday at Bharat Mandapam, New Delhi, he applauded the efforts of all the PLI beneficiaries for driving the vision of the Prime Minister, Shri Narendra Modi, to make India a global hub for manufacturing. Shri Goyal urged the industry champions to intensify their focus on enhancing competitiveness within their respective sectors, fostering a business environment that stimulates innovation, efficiency, and adaptability. He also emphasized on the importance of the industry's concentration on prioritizing production of high-quality goods which is aligned with the broader objective of the PLI Scheme, ensuring that the benefits extend to both businesses and consumers. Shri Goyal further highlighted the imperative of cooperative collaboration where beneficiary companies were urged to work hand-in-hand with the government and fellow stakeholders, creating a collaborative ecosystem for sustainable growth. The Minister further added that the Government Officials of the implementing Ministry/ Department must hold regular consultation and roundtables with their respective PLI beneficiary. Overall achievement of PLI Schemes was also discussed during the meeting. Actual investment of Rs. 1.07 lakh crore have been realized (till December’23) which has resulted in production/ sales worth Rs. 8.70 lakh crore and employment generation of around 7 lakhs (direct & indirect). Exports have exceeded Rs. 3.40 lakh crore, with substantial contribution from key sectors such as electronics, pharmaceuticals & food processing. Incentive amount of around Rs. 4,415 crore disbursed under PLI Scheme for 8 sectors. In the opening session, Secretary, DPIIT, Shri Rajesh Kumar Singh highlighted achievements of PLI Scheme and its potential to revolutionize the manufacturing sector going forward. The opening session was followed by two interactive sessions covering all the 14 sectors, with the objective of exploring areas of collaboration between the Government and industry champions and creating a clear action plan for successful implementation of PLI Schemes. It provided a unique forum for industry leaders, experts, and Government Officials to engage in insightful discussion and exchange valuable insights on the impact of PLI Schemes. During the interactive sessions, representatives from beneficiary companies expressed their perspectives on the PLI Schemes, sharing valuable insights into their experiences, challenges faced, and suggestions for improvement to enhance effectiveness and streamline implementation processes. The engagement proved to be a constructive platform for open communication between industry stakeholders and the implementing Ministries/ Departments. The meeting facilitated immediate discussions on raised issues, allowing for on-the-spot clarification and resolution by the concerned Ministries/ Departments, demonstrating a commitment to addressing challenges promptly. The objective of the Meeting was to bring all stakeholders on a common platform, fostering a sense of ownership to facilitate sharing of knowledge and experiences, good practices and success stories ultimately contributing to the successful implementation of PLI Schemes. Around 1200 delegates, from beneficiary companies under PLI Scheme for 14 sectors, came together to discuss and chart out the strategy for effective and seamless implementation of PLI Schemes. The meeting also witnessed participation from senior officials of NITI Aayog, 10 implementing Ministries/ Departments viz. DPIIT, M/o Electronics & Information Technology, D/o Telecommunications, M/o Heavy Industries, M/o New & Renewable Energy, M/o Civil Aviation, D/o Pharmaceuticals, M/o Food Processing Industries, M/o Textiles & M/o Steel and respective Project Management Agencies (PMAs) under PLI Schemes. The meeting concluded with a joint commitment from all participants to actively engage in the PLI Schemes and maximize the utilization of the available incentives to their fullest extent. Source: pib.gov.in
02 Feb, 2024 Govt. offloading wheat & rice in open market sale scheme through e-auction. In order to increase the availability of wheat and rice in the open market and to control the prices of wheat and rice, Government of India has been offloading wheat and rice in the market through weekly e-auction. A total of 101.5 LMT wheat and 25 LMT rice has been allocated by Government of India for offloading under Open Market Sale Scheme (Domestic) OMSS(D). Wheat is being offered at reserve price of Rs 2150/Qtl for FAQ and Rs 2125/Qtl for URS. The reserve price of rice is being kept at Rs 2900/Qtl. The first e-auction of this current phase was held on June 28, 2023, wherein 0.86 LMT wheat was sold in the open market. However, to increase the availability of wheat and to cater to the demand of wheat in the open market, the weekly offering of wheat in the e-auction is being gradually increased from initial 2 LMT to the present weekly offering of 4.5 LMT. As a result, the weekly sale of wheat has increased to more than 4 LMT. Till January 24, 2024, 71.01 LMT wheat has been sold under OMSS(D). The first e-auction of rice under OMSS(D) for 2023-24 was held on July 5, 2023. In order to increase the sale of rice in the open market, GoI reduced the Reserve Price of rice from Rs 3100/ Qtl to Rs 2900/Qtl. and the minimum and maximum quantity of rice was revised to 1 MT and 2000 MT respectively. In addition to this, regular advertisement was done by the FCI regional offices for wider outreach and as a result, the sale of rice gradually increased. Till January 24, 2024, 1.62 LMT rice has been sold in the open market which is the highest sale in any year under OMSS (D) i.r.o. rice to private traders. The previous highest was 42000 MT. Central Government is also providing wheat to cooperative agencies like NAFED/NCCF/Kendriya Bhandar/MSCMFL under Bharat Atta scheme. 4 LMT has been allocated by GOI under this scheme from the total 101.5 LMT of OMSS(D). Under this subset of OMSS (D) scheme, Semi-government/Cooperative agencies are getting wheat at Rs 21.50/Kg which has been revised to Rs 17.15/ kg w.e.f. December 16, 2024, for converting to atta and selling to general public at no more than Rs 27.50/Kg. Till January 29, 2024 - 2,80,456 MT wheat has been sold to these agencies. Source: fnbnews.com
02 Feb, 2024 India- Middle East- Europe Economic Corridor is a strategic and economic game changer for India and others. Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said that the recently announced India-Middle East-Europe Economic Corridor is a strategic and economic game changer for India and others. While presenting the Interim Budget 2024-25 in Parliament today, the Minister quoted the Prime Minister, Shri Narendra Modi saying that the corridor 'will become the basis of world trade for hundreds of years to come, and history will remember that this corridor was initiated on Indian soil'. Highlighting the global context, Smt. Nirmala Sitharaman said that geopolitically, global affairs are becoming more complex and challenging with wars and conflicts. She noted that globalization is being redefined with reshoring and friend-shoring, disruption and fragmentation of supply chains, and competition for critical minerals and technologies. A new world order is emerging after the COVID-19 pandemic, she added. The Minister stated that India assumed G20 Presidency during very difficult times for the world. She highlighted that the global economy was going through high inflation, high interest rates, low growth, very high public debt, low trade growth, and climate challenges. She said that the pandemic had led to a crisis of food, fertilizer, fuel and finances for the world, while India successfully navigated its way. Smt. Sitharaman said that the country showed the way forward and built consensus on solutions for those global problems. Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said that the recently announced India-Middle East-Europe Economic Corridor is a strategic and economic game changer for India and others. While presenting the Interim Budget 2024-25 in Parliament today, the Minister quoted the Prime Minister, Shri Narendra Modi saying that the corridor 'will become the basis of world trade for hundreds of years to come, and history will remember that this corridor was initiated on Indian soil'. Highlighting the global context, Smt. Nirmala Sitharaman said that geopolitically, global affairs are becoming more complex and challenging with wars and conflicts. She noted that globalization is being redefined with reshoring and friend-shoring, disruption and fragmentation of supply chains, and competition for critical minerals and technologies. A new world order is emerging after the COVID-19 pandemic, she added. The Minister stated that India assumed G20 Presidency during very difficult times for the world. She highlighted that the global economy was going through high inflation, high interest rates, low growth, very high public debt, low trade growth, and climate challenges. She said that the pandemic had led to a crisis of food, fertilizer, fuel and finances for the world, while India successfully navigated its way. Smt. Sitharaman said that the country showed the way forward and built consensus on solutions for those global problems. Source: pib.gov.in
02 Feb, 2024 Interim Budget 2024-25 Promises stepping up value addition in Agricultural sector and boosting farmers' Income. Farmer’s welfare and boosting rural demand is one of the main highlights of interim budget 2024-25 presented by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Parliament today. Terming Farmers as our ‘Annadata’, Smt. Sitharaman stated that Minimum support prices for the produce of ‘Annadata’ are periodically increased appropriately. The Finance Minister said that every year, under PM-KISAN SAMMAN Yojana, direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers, while crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana. She stated that these, besides several other programmes, are assisting ‘Annadata’ in producing food for the country and the world and added that the worries about food have been eliminated through free ration for 80 crore people. The interim budget 2024-25 has promised for stepping up value addition in agricultural sector and boosting of farmers’ income. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman promised to further promote private and public investment in post-harvest activities including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding to ensure faster growth of the agriculture and food processing sector. 'The sector is poised for inclusive, balanced, higher growth and productivity. These are facilitated from farmer-centric policies, income support, coverage of risks through price and insurance support, promotion of technologies and innovations through start-ups.', the Finance Minister mentioned in her speech. She said Pradhan Mantri Formalisation of Micro Food Processing Enterprises Yojana has assisted 2.4 lakh SHGs and sixty thousand individuals with credit linkages. The finance minister added that other schemes are complementing the efforts for reducing post-harvest losses, and improving productivity and incomes. Smt. Sitharaman mentioned that Pradhan Mantri Kisan Sampada Yojana has benefitted 38 lakh farmers and generated 10 lakh employment. The Finance Miniser said Electronic National Agriculture Market has integrated 1361 mandis, and is providing services to 1.8 crore farmers with trading volume of Rs. 3 lakh crore. 'These and the provision of basic necessities have enhanced real income in the rural areas. Their economic needs could be addressed, thus spurring growth and generating jobs.' the finance minister asserted. ATMANIRBHAR OIL SEEDS ABHIYAN The interim budget 2024-25 presented by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has said a strategy will be formulated to achieve ‘atmanirbharta’ for oil seeds such as mustard, groundnut, sesame, soybean, and sunflower. The Finance Minister mentioned in her speech that this will cover research for high-yielding varieties, widespread adoption of modern farming techniques, market linkages, procurement, value addition, and crop insurance. NANO DAP 'After the successful adoption of Nano Urea, application of Nano DAP on various crops will be expanded in all agro-climatic zones.' Union Finance Minister mentioned in her speech. Source: pib.gov.in
02 Feb, 2024 Farm-to-fork voyage: Investments in upgraded storage, streamlined supply chain will enhance competitiveness of agri sector. The emphasis on modernizing the farm sector through greater investments in upgraded storage, streamlined supply chains and branding will enhance overall efficiency and competitiveness, industry executives said, as a sizeable chunk of produce stored gets spoiled for lack of proper storage. The budget offers a roadmap for empowering farmers, ensuring food security, and propelling the agricultural sector towards a brighter future, said Balram Singh Yadav, managing director, Godrej Agrovet. The measures pave the way for inclusive, sustainable growth in the agricultural sector. According to several estimates, more than 40% of the produced food gets spoiled even before it reaches the consumers. With India facing challenges of high prices of Diammonium-phosphate (DAP) and the need to import, the step to promote nano-DAP will help the government save on production and transportation costs and deliver environmental benefits. 'Initiatives such as National Agriculture Market (e-NAM) and Pradhan Mantri Matsya Sampada Yojana (PMMSY) are empowering farmers with better market access and infrastructure, while the focus on enhancing adoption of Nano-DAP clearly showcases the government's intent to handhold farmers amidst the continuously evolving weather conditions,' Yadav said. Finance Minister Nirmala Sitharaman said that efforts for value addition in the agricultural sector and boosting farmers’ income will be stepped up and that the sector is poised for inclusive and balanced growth and productivity. 'These are facilitated from farmer-centric policies, income support, coverage of risks through price and insurance support, promotion of technologies and innovations through startups,' she added. The finance minister has set the stage for policies that can substantially boost development in rural areas, said Simon Wiebusch, president, Bayer South Asia. He added that the budget also shows the government’s continued push to improve farmer incomes. 'Policies such as the PM Kisan Sampada Yojana and PM Fasal Bima Yojana, along with measures to promote private and public investment in post-harvest activities including modern storage, efficient supply chains, and marketing and branding, will not only ensure reduction in wastage, easier access to markets and remunerative prices for smallholder farmers but also help consumers access nutritious and quality produce at reasonable prices,' Wiebusch said. 'These foundational policies are primed to ignite fresh opportunities, spur demand, and trigger economic growth,' said Simon George, President, Cargill India, and MD, Cargill Food Business, South Asia. Sitharaman told lawmakers during her speech that for ensuring faster growth of the sector, the government will promote private and public investment in post-harvest activities. The robust social, physical and digital infrastructure will help India in meeting its aspirations of Viksit Bharat, said Dr KC Ravi, chief sustainability officer, Syngenta India. Some schemes to give a boost to the agro-chemical industry would have helped in laying a stronger foundation for the growth of the sector, he added. Source: economictimes.indiatimes.com
02 Feb, 2024 KISAN Hyderabad 2024: Telangana's Agri Minister Nageswara Rao Inaugurates 3-Day Expo. Telangana's Minister for Agriculture, Thummala Nageswara Rao, inaugurated the 2nd Edition of KISAN Agri Show 2024 On February 1, 2024. The grand event, titled KISAN Hyderabad 2024, has firmly established itself as Telangana's largest agricultural exposition, converging industry leaders, policymakers, professionals, and farmers at the HITEX Exhibition Center from February 1 to 3, 2024. Focused on highlighting the latest agricultural innovations, the show aims to foster crucial dialogues for the sustainable development of the state's agricultural sector. KISAN Hyderabad Innovative Initiative Minister Rao lauded KISAN Hyderabad as an innovative initiative that successfully united diverse stakeholders in the agriculture sector. He emphasised that the event not only serves as a showcase for innovations but also provides a platform for essential conversations crucial for the sustainable growth of the agricultural sector in the state. KISAN Hyderabad Showcases Cutting-edge Agriculture The three-day event is dedicated to displaying the latest advancements in agriculture, offering a comprehensive platform for exhibitors from various sectors within the industry. Covering an extensive range of products and services, the exhibition includes farm machinery, tractors, implements, water and irrigation solutions, plasticulture, IoT-driven tools and machines, innovations and start-ups in agriculture, contract farming solutions, agriculture inputs, protected cultivation technologies, mobile apps for agriculture, and custom clearance services. Industry Participation and Expectations With over 140 exhibitors, ranging from industry leaders to innovative start-ups, the exhibition spans across a sprawling 12,000 sq m area. Anticipated to connect over 140 companies with approximately 20,000 visitors from Telangana and neighboring states, KISAN Hyderabad 2024 stands as a crucial networking and business opportunity for all stakeholders in the agricultural domain. Comprehensive Knowledge Sessions for Farmers Simultaneously, the Telangana Horticulture Officers Association is hosting a concurrent conference, offering knowledge sessions tailored for farmers. The event boasts a comprehensive exhibition, informative seminars, and interactive sessions, providing attendees with the chance to explore the latest advancements, products, and services in the agricultural sector. The presence of officials from the Department of Agriculture and the Department of Horticulture further underscores the significance of this agricultural extravaganza. Source: krishijagran.com
02 Feb, 2024 Japanese Govt. promotes India entry & expansion of rice wine Sake. India and Japanese centuries old ties span people, business, geopolitical and spiritual issues nurtured by shared values of global prosperity with peace & amity. This multifaceted mutual affection elevates business and people engagements across cuisine, alcobev, education, industry, R&D, sustainability, infrastructure, investments, socio-economic upliftment and spiritual well-being. These win-win ties are notably flourishing in hospitality & fine-dining sectors, delighting Japanese expatriates, tourists & revving up Indians love for Japanese food & premium beverages. Scaling up this further, Japanese Government is promoting India entry & expansion of Japan’s global favourite –premium brands of fine rice wine – Sake. Having taken steps to boost market appreciation, & availability, its premium brands will be sold at attractive prices. Japanese embassy is hosting on February 7, 2024, an enticing Sake alcobev appreciation & business launch event. Its chief host and organiser is Kojiro Honda, appointed by Japan’s National Tax Authority as Japanese liquor Import Co-ordinator to India, and he is also the co-owner and founder of Hirohama India Pvt. Ltd., and Kuuraku India Pvt. Ltd. He will be organising an offline Sake appreciation & experiential meet followed by an educative webinar. This will showcase Sake from all over Japan allowing people to know the variations of Sake flavours resulting from rice from Tohoku to Kyushu. Focusing on different Sake alcobev types viz. Seishu Sake, and Koshu Sake (Vintage), Awamori, Sparkling Sake, it will enable attendees to experience differences in drinking styles and flavours. This will help in better appreciation of what Sake is all about & depth of Sake when taken with different Japanese cuisine. Source: fnbnews.com
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