Centre procures record 1.37 mn tonnes of soybean under MSP scheme
The Centre has procured a record 1.373 million tonnes of soybean under the Minimum Support Price (MSP) scheme so far in the current marketing season, a senior agriculture ministry official said on Thursday. The procurement, undertaken to protect farmers from falling prices, has surpassed all previous records, with the last highest procurement being 19,483 tonne […]
Price fluctuations, export standards key hurdles for turmeric mkt: Report
India, despite holding a commanding share of over 62 per cent of global turmeric trade, faces challenges that impede further growth. They range from rejection of spices in key export markets, price fluctuations leading to farmers withdrawing from cultivation and not meeting the desired curcumin levels required by companies, a report by Icrier, in association […]
Wheat sowing up 1.38% to 32 million hectare in 2024-25 rabi season
Wheat sowing increased by 1.38 per cent year-on-year to 320 lakh hectare so far in the ongoing 2024-25 rabi season, according to the agriculture ministry data released on Tuesday. Wheat, the main rabi (winter) crop, was sown in 315.63 lakh hectare in the year-ago period. Sowing of most rabi crops is nearing end. Harvesting will […]
How farmers become artisans: Leveraging technology and GI Tag revolution to overcome export barriers
The transformation highlights the immense potential of combining traditional wisdom with modern technology The story of rural farmers transforming into artisans and exporters is one of resilience, creativity, and adaptability. Traditionally limited by geographical, financial, and knowledge constraints, these farmers often lacked the means to reach global markets. However, the advent of technology, coupled with […]
We aim to boost organic product exports to Rs 20,000 cr in 3 years: Goyal
India has the potential to increase exports of organic products up to Rs 20,000 crore in the next three years, Commerce and Industry Minister Piyush Goyal said on Thursday. He said this while releasing the eighth edition of National Programme for Organic Production (NPOP) with new regulations aimed at enhancing clarity and transparency in organic […]
Govt sets wheat procurement target at 30 MT for 2025-26 rabi season
The government has set a conservative wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season, sources said. The lower procurement target comes despite the Agriculture Ministry aiming for a record wheat production of 115 million tonnes in the 2024-25 crop year (July-June). For the 2025-26 rabi marketing season starting April, the […]
Agri, allied sector to grow 3.5-4% in FY25: Shivraj Singh Chouhan
The country’s agriculture and allied sector is expected to grow at 3.5-4 per cent in 2024-25, Agriculture Minister Shivraj Singh Chouhan said on Wednesday, marking a significant improvement from the 1.4 per cent rise recorded in FY24. In a New Year message posted on social media platform X, Chouhan expressed confidence in India’s development trajectory […]
Microsoft plans to invest $3 billion on AI, cloud infrastructure in India
The company will also help train 10 million people over the next five years with AI skills in the country. Microsoft chairman and CEO Satya Nadella said that the company will invest $3 billion in India in cloud and artificial intelligence (AI) infrastructure and skilling over the next two years, including the establishment of new […]
India’s coffee exports zoom 45% to record $1.68 billion in 2024 on high global prices, demand
In volume terms, shipments top 4-lakh-tonne mark Indian coffee exports in the 2024 calendar year saw a 45 per cent jump in dollar value terms at over $1.684 billion, a record high on increased demand from buyers in Europe such as Italy and Germany. In 2023, coffee exports were $1.160 billion. For more information click here.
Indians’ consumption of pulses, cereals declines by 5% as spending pattern shifts: SBI Report
The report also noted that this change of consumption shift (from food to non-food items) observed in both rural and urban areas reflects evolving preferences driven by economic growth, government policies, and lifestyle changes Indian households have significantly altered their spending patterns over the past 12 years, shifting focus from food to non-food items, according […]