It has capped current season's sugar exports 10 mn tonnes, wants ample local supplies.
Actual agriculture exports in FY22 were $47.41 billion, up almost 19% over FY21. This was among the highest ever agriculture exports in value terms by India
Report also suggests that farmers should grow more oilseeds and pulses
Though Indian farmers may have gained from higher than usual inflation in crop prices, they have also had to pay more for their inputs and other items of consumption and service
The support price of 'A' grade variety of paddy has been hiked to Rs 2,060 per quintal from Rs 1,960.
Fertiliser demand usually peaks between April and June for the kharif harvest; between October and December for the rabi sowing season
The actual pick-up in sowing will happen once the monsoon becomes active over Central and Western India
Turkey's decision comes at a time when international buyers have been looking to secure supplies of wheat
Action against complicit banks also on the anvil
Market participants anticipate a shift from pulses to oilseeds and cotton in several areas
Many non-official parameters do indicate a rebound, but high inflation seems to hitting hard, eroding all gains
The company is comfortable with its current inventory level, which is around six weeks
According to Centre's assessment, closing stock of wheat in FY23 is expected to be about 8 mn tonnes, higher than 7.5 million tonnes buffer requirement
Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time
The current growth in the Indian cultivator's real or inflation-adjusted income, at about 3.5 per cent, is barely a third of the growth rate required to achieve this goal
Gains for farmers, but retail and wholesale inflation likely to be impacted
The study found no major change in size of holdings in Punjab and UP farms post waiver, which showed no impact of the scheme on the land holding status of beneficiaries
Country posted 20% in exports of agricultural and allied products, while exports of plantation crops rose 19% to $1.2 billion and those of marine products were up 35% to $6.18 billion
Beyond what Sitharaman said about the procurement process in 2021-22, there are several dimensions to this
However, the govt may have to infuse more fertiliser subsidy if global gas prices rise.