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FACTBOX: Key facts about Indian crops in 2011/12

India, a top producer and consumer of wheat, rice, sugar and lentils, is likely to harvest record food grain in 2011/12 following normal monsoon rains this year. The country, the world's second most populous, exports small amounts of grain and sugar as domestic consumption is robust and the government is keen on keeping supplies at home to fight near-double digit food inflation. Here are some facts about the .....

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Poultry industry to cross Rs 1.32 lakh cr by '15: Study

With demand surging for broiler meat and eggs, India's poultry sales are likely to be over Rs 1.32 lakh crore by 2015, industry body Assocham said on Thursday. Growing around 20 per cent annually, the domestic poultry market is estimated to be about Rs 49,000 crore, said the study, 'Trends In Domestic Poultry Segment'. "Driven by rising purchasing power, changing food habits, contract poultry farming and rapid urbanisation are certain .....

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Indian non – alcoholic beverage market to reach US$ 2.3 bn by 2015

A new report from the Associated Chambers of Commerce and Industry (ASSOCHAM) in India has said that Indian non-alcoholic beverages market would grow to US$2.3bn by 2015. The current market for non-alcoholic beverages in India stands at approximately US$ 1.2 bn, according to the opportunities in India Non – Alcoholic Beverage Market report. However the market is expected to grow at an annual rate 20% year-on-year thanks to arise in income levels and concurrent change in .....

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FCI plans record rice procurement

The Food Corporation of India (FCI) aims to procure a record 35.30 million tonnes (mt) of rice in 2011-12 on expectations of a bumper crop. During the previous financial year (2010-11), it had procured 32.70 mt of rice. The procurement data include those by FCI, state agencies (which procure for central pool) and levy rice (procured by millers). A senior FCI official said the procurement target for 2011-12 had been kept on the higher side in view of high production estimates. The agriculture ministry is expecting a record 102 mt rice production in the .....