AGRI FARMERS & TRADERS ASSOCIATION
Stop Nafed's onion procurement till irregularities are investigated, demand farmers
Onion growers are demanding the suspension of Nafed's onion procurement operations due to reported irregularities found by a Nafed team during surprise visits to procurement centers. This demand could hinder the government's goal of creating a strategic onion buffer. The central government aims to procure 5 lakh tonnes of onions for the Price Stabilisation Fund but faces challenges as market prices are higher than the government's offer prices. Allegations of irregularities include buying onions from traders instead of farmers and presenting them as purchases made for Nafed.
Budget expectation of farm sector: Spotlight on agri research, fertiliser subsidy, climate fight in meeting with FM
Budget 2024 expectations: Experts at the meeting advocated for the consolidation of all agriculture-related subsidies for transfer through Direct Benefit Transfer (DBT) and proposed a hike in the retail price of urea, unchanged since 2018. They also emphasized promoting bio-fertilisers and foliar fertilisers through subsidies.
Export duty on onions to stay as domestic prices recover
India's central government is unlikely to remove the 40% export duty on onions imposed last month, as domestic onion prices have almost doubled in the last month. The average rate of onions at the benchmark Lasalgaon APMC was Rs 28/kg on Tuesday, up 40% in the last 15 days and double of what it was a month ago. The rising onion prices have slowed down the pace of government onion procurement operations to create a strategic reserve under the Price Stabilisation Fund.
Onion prices on the boil as arrivals slow, demand picks up
The average wholesale price of onions at the Lasalgaon mandi in Nashik on Monday was Rs 26 a kg, compared with Rs 17 on May 25. The price of best-quality onions, whose share in the total traded volume is small, has crossed Rs 30 a kg at many wholesale markets in the state.
Bad taste for ‘aam aadmi’: How adulterated mangoes pose fresh headache for regulators, consumers
The use of banned chemicals to ripen fruits is prevalent despite penalties and laws. The ball is in the food safety regulator’s court.
Social media savvy Maha onion farmers tip scales against NDA
Maharashtra farmers, led by figures like Sharad Joshi and Bharat Dighole, navigate challenges in onion trade amidst government policy shifts. The use of social media platforms like WhatsApp and Facebook has revolutionized farmer mobilization efforts, impacting political landscapes and market dynamics.
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Lok Sabha Elections: Is the kaleen rolling out for Apna Dal's Anupriya didi in Mirzapur season 3?
Mirzapur, a district thrust into the limelight by a popular OTT series, faces a real-life political drama as Anupriya Patel of Apna Dal (Sonelal) seeks an unprecedented third term as Member of Parliament. Standing against her is Ramesh Chand Bind, a seasoned politician who switched allegiance from the BJP to the Samajwadi Party. This contest unfolds against a backdrop of significant local issues, including the struggles of the carpet industry, a severe water crisis, and complex caste dynamics. As Mirzapur's residents navigate these challenges, the election promises to be a defining moment for the district.
Pricier kitchen staples upset home budgets
The prices of kitchen essentials like pulses, wheat and sugar have been rising continuously in May as domestic production lagged due to the deficit monsoon of 2023. Limited availability of chana, urad and tur in the international markets has kept imports sluggish and expensive, while sugar and wheat prices have been ruling firm as the buffer stock has shrunk beyond comfort level.
Potato prices likely to be on hot plate till year-end
Trade sources from Uttar Pradesh, the largest producer of potatoes, said the government has already launched a drive to see whether the cold storage facilities in Agra, the centre of the state's potato trade, were hoarding the tuber to jack up prices. "Once the election is over, there will be state-wide monitoring of the movement of potatoes," one of them said.
Bad weather and war are straining the world’s wheat supply
The wheat futures have rebounded to touch the highest levels since the month of August. Extreme weather is expected to negatively impact the global supply of wheat.
Indian wheat was poised to feed the world. It now grapples to replenish reserves
India's wheat policy requires a comprehensive review to ensure the production and procurement balance is maintained.
How this agri-insurtech player is helping dairy farmers reduce income loss due to excessive heat
IBISA’s heat stress solution aims to revolutionise the industry by a cost-effective way to mitigate climate risks and enhance the sustainability of dairy farming in India.
Three new coop societies will help solve many agri problems, raise farmers' income: Amit Shah
Cooperation Minister Amit Shah inaugurated Bhartiya Beej Sahakari Samiti Ltd, National Cooperative Organics Ltd, and National Cooperative Export Ltd to promote organic farming, exports, and seed production. A laboratory will certify organic farm and products. Shah aims to increase India's organic exports.
Farmers Protest: From internet ban to traffic alerts in Delhi, Noida, here is all about what's closed and other advisories
Farmers Protest Update: Amidst the ongoing farmers' protest, authorities implement traffic diversions at key junctions to ensure smooth flow. The Punjab and Haryana High Court criticizes the use of tractor trolleys on highways. The government blocks social media accounts linked to the protest, sparking controversy. Farmer leaders vow to continue their march towards Delhi.
Farmers Protest: Noida Police to invoke CrPC 144 on Friday due to 'Bharat Bandh'
The Bharatiya Kisan Union, part of SKM, had earlier called for a 'Bharat Bandh' on February 16, citing a host of unmet demands of farmers. "Various programs like protest demonstrations, etc are proposed by SKM and various organisations for Friday. Hence, Section 144 of the Code of Criminal Procedure (CrPC) is implemented on February 16," the police said in a statement.
Modi going back on what he promised on MSP: Congress
Congress has accused the central government of betraying farmers by not implementing the Swaminathan Commission recommendations, demanding an apology from Prime Minister Narendra Modi. The opposition party claims that the government's promise to provide a legal guarantee of minimum support price (MSP) is the only way to implement the report and that the prime minister is opposing what he had recommended when he was the Gujarat chief minister.
Unnati Agri ties up with IFFCO for ‘channel financing'
Unnati Agri partners with IFFCO to offer channel financing solutions to 76,000 channel partners across India. Through Unnati Agri's collaboration with non-banking financial companies, including Ora Finance, the digital credit facility enables channel partners to procure larger stock quantities from IFFCO. This empowers them to deliver quality agricultural products to farmers promptly. The partnership supports IFFCO's initiatives in promoting innovative technology-based fertilizers for sustainable farming practices, starting initially in Uttar Pradesh, Bihar, Maharashtra, Telangana, and Andhra Pradesh.
SLCM launches AI-powered Krishi Quality Janch Kendra
Sohan Lal Commodity Management (SLCM) Group has launched the Krishi Quality Janch Kendra, an AI ML-empowered solution for food grain quality checks in India. The initiative has opened 31 centres in Delhi and Madhya Pradesh, with plans to establish at least 600 more centres across the country by February 2024.
Electronics technology- mechanism to boost agriculture sector: MeitY Secretary Krishnan
Krishnan emphasized on the transformative potential of technology in the agricultural sector and highlighted the importance of employing technology in an ethical and inclusive manner for the advancement of society.
Ninjacart expands operations to offer marketplace for farmers and traders
Ninjacart is aiming to post revenue of more than Rs 2,500 crore in fiscal 2024, compared with about Rs 1,212.5 crore that it made in the last fiscal year ended March 2023, CEO Kartheeswaran KK told ET in an interview.
Green Gold: How vegetable farming can bolster India's economic health
Vegetable farming in India has the potential to boost the country's GDP and overall economic health. With shorter growth cycles, multiple harvests, and higher profit margins, vegetable farming offers advantages over traditional field crops. The rising demand for fresh and nutritious vegetables, both domestically and internationally, presents export opportunities. Vegetable farming also promotes sustainability, creates jobs, diversifies agriculture, and encourages the adoption of sustainable farming practices.
Chart Check: 18% rally in a week! This agri products maker gives a breakout from Symmetrical Triangle pattern
The stock rose from Rs 285 as of 18 September 2023 to Rs 338 recorded on 25 September 2023 which translates into an upside of over 18% in a week. The stock has rallied over 30% in a month – putting it in an overbought zone.
Higher educational institutes create ‘Agri-Consortium’
Indian higher educational institutes (HEIs) have joined together to form an 'Agri-Consortium', led by IIM Kashipur. The consortium aims to provide a platform for academics, researchers, students, and industry professionals to discuss trends and advancements in agriculture. The participating institutions have agreed to share startup databases, disseminate support programs, and share best practices.
BL Agro invests Rs 500 crores in Leads Connect's agri-tech for farmers
Full-stack agri-tech firm Leads Connect has raised Rs 500 crores from FMCG company BL Agro Industries to enhance its agro-tech stack and provide more value to farmers. The funding will be spread over three years, resulting in a controlling stake for BL Agro. Leads Connect specialises in farm analytics and advisory, and will use the funding to improve technology, expand its reach among farmers, and establish AGRANI Centres in various cities. The company aims to enhance its AGRANI platform, which offers agri-fintech services, through further development of its Khet Se Kitchen Tak initiative.
Onion traders seek floor price for export duty
The onion trade has requested the government to introduce a floor price for calculating export duty on onions in order to ensure fairness among all stakeholders. Bans and restrictions on wheat, rice, and onion exports are causing revenue losses and inventory pileups for businesses. The government has imposed a 40% export duty on onions to control rising prices, but there is concern that certain ports and stakeholders may have an advantage.
Onion auction to remain closed indefinitely in Nashik wholesale markets to protest 40% duty on export: Traders
Onion auctions have shut indefinitely in all agriculture produce market committees (APMCs) in Maharashtra's Nashik district to protest against India's decision to impose a 40% duty on the staple's exports. Traders said the government's decision would harm onion growers in the state, and urged the government to provide onions through the public distribution system.
Tomato prices soar up to 50%in a week despite govt steps
Traders in New Delhi's Azadpur mandi, Asia's biggest wholesale market for vegetables, said arrivals of tomatoes from Himachal Pradesh, Karnataka and Maharashtra have dropped significantly this week as their own stocks are getting depleted.
Prices of tomato and ginger skyrocket within a fortnight
Meanwhile, the price of melon seeds (char magaz) has increased threefold as the armed conflict in Sudan, from where it is imported, has brought down the supply. "The price of a kg of char magaz is now ruling at ₹900, which was only ₹300 before the Sudan conflict," said Sanjay Sharma, a trader in Delhi.
Heatwave yet to affect vegetable output, prices
The country has witnessed the hottest ever February this year and the India Meteorological Department has issued warnings of heatwaves from March to May, with temperatures expected to rise 3-5 degree Celsius above normal.
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