Record production of food grains in India in 2016-17: Radha Mohan Singh
The Dollar Business Bureau There has been a record output of food grains in the country in 2016-17 and all the earlier records were broken, said Agriculture Minister Radha Mohan Singh on Friday. “As per the 3rd Advance Estimates, food grain production India has increased to 273 MT, sugarcane to 306 MT oil seeds to 32.5 MT, in 2016-17,” said Singh, while addressing the National Agriculture Marketing Summit organised jointly by FICCI with the Ministry of Agriculture and Farmers Welfare. “As per the 2nd Advance Estimate, fruits and vegetable production has increased to 287 MT, he added. On the goal of doubling income of farmers by 2022, the Minister said that only through cross-pollination of innovations and expertise, and thereafter collaboration during the implementation ...
Food grain production exceeds target though drought conditions loom in South
By Abin Daya Summer is fully and truly here, and we are burning! Mercury has breached the 40 degree mark and there is no sign of rains. Personal discomfort notwithstanding, summer also impacts an economy like India, which is still influenced by agriculture and the rains that drive cropping patterns. The reservoirs are running near to empty, particularly in South India, and with one more month to go before the normal start date of the monsoons, the pain is not over yet. Supply of drinking water and for household purposes is already affected significantly, apart from the impact on power generation and irrigation. However, East and Central India have been relatively better off, and agricultural activities in these regions have also benefited from ...
China likely to import more food grains as output declines
The Dollar Business Bureau China is expected to import more grains as compared to last year after the country’s production this year dropped by around 5.2 million tonnes and the planting area dipped and the yield per unit edged down, as per official data. In 2016, China’s total grain output stood at around 616 million tonnes, dropped by around 5.2 million tonnes (about 0.8%), compared with the previous year, according to the data released by the China’s National Bureau of Statistics (NBS). The area under grain planting in the country has contracted by about 3.15 lakh hectares, whereas the yield per unit declined by 30.7 kg per hectare, it said. Going through the unbalanced demand and supply among varieties of grain, several areas have cut ...
Import duty on wheat increased to 25%, to continue till March
The Dollar Business Bureau In an effort to curb import of wheat in the country, the government has increase the basic customs duty on the food grain to 25%. The hike in import duty will remain effective till the end of the current financial year. The decision came amid concern over rising cheap imports of wheat from countries like Australia and France due to falling commodity prices in the global market. “In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic customs duty on wheat has been increased from 10% to 25% for a period up to 31.03.2016,” a Finance Ministry statement said on ...
