Agriculture Market News Information from APEDA AgriExchange

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Farm bills have potential to represent significant step forward for agricultural reforms in India: IMF.

Jan 15, 2021

The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here.

There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.

Source: The Indian Express

APEDA organizes a Webinar on Good Agricultural Practice (GAP), Processing and Value Addition of Isabgol (Psyllium).

Jan 15, 2021

APEDA in association with South Asia Biotechnology Centre and DBT-SABC Biotech Kisan Hub, Department of Biotechnology, ICAR-DMAPR, Department of Agriculture and RSAMB, Government of Rajasthan organized a 'Webinar on Good Agricultural Practice (GAP), Processing and Value Addition of Isabgol (Psyllium)' for strengthening the supply chain of exporters of Isabgol products from Rajasthan.

Dr Angamuthu), Chairman, APEDA in his inaugural address stated that Isabgol(Psyllium) is a unique product having multiple health benefit. It is very much in demand in the developed countries like the USA, Europe, Australia and China. He emphasized on development of production and export of the Psyllium products. Dr. Om Prakash, Commissioner of Agriculture and Horticulture, Govt of Rajasthan expressed that Isabgol is a sensitive crop and gets damaged in dew or rain during harvesting period.

Source: India Education Diary

Over 72 Lakh Farmers Benefit From Ongoing KMS Procurement: Agriculture Ministry.

Jan 15, 2021

About 72.46 lakh farmers have benefitted from the ongoing Kharif Marketing Season (KMS) procurement operations with Minimum Support Price (MSP) value of Rs. 1,02,161.76 Crore, according to a statement from the Ministry of Agriculture & Farmers Welfare on Tuesday (January 12).

Paddy procurement for Kharif 2020-21 is continuing in Punjab, Haryana, Uttar Pradesh, Telangana, Uttarakhand, Tamil Nadu, Chandigarh, Jammu & Kashmir, Kerala, Gujarat, Andhra Pradesh, Chhattisgarh, Odisha, Madhya Pradesh, Maharashtra, Bihar, Jharkhand, Assam, Karnataka and West Bengal with purchase of over 541.11 LMTs of paddy up to January 11.

Source: Outlook India

Central Warehousing Corporation signed MoU with MoFPI.

Jan 15, 2021

Central Warehousing Corporation (CWC), A CPSE public warehouse operator signed an MOU with the Ministry of Food Processing Industries today Jan 14, 2021, to expand the Ministry's financial assistance scheme to private investors to develop an Integrated Cold Chain and Value Added Infrastructure at CWC facilities.

The collaboration will help to build an integrated cold chain and value-added infrastructure in the North East Region.

Central Warehousing Corporation's main aim is to provide reliable, cost-effective, value-added, integrated warehousing, and logistics solution in a socially responsible and environmental friendly manner.

Source: PSU Connect

APEDA organizes VBSM with FPOs of APDMP and Millet Exporters to promote Millet products.

Jan 15, 2021

The Agricultural and Processed Food Products Export Development Authority (APEDA) in association with Andhra Pradesh Drought Mitigation Project (APDMP), an externally aided project funded by IFAD, organized a Virtual Buyer Seller Meet with Millet Exporters and FPOs of Millet for establishing marketing linkages.

Considering the potential of increasing exports of Millets and Millet products and the focus given by Government for development of Millet sector of Nurti Cereals, APEDA is closely interacting with Indian Institute of Millet Research (IIMR) and other stakeholders like National Institute Nutrition, CFTRI and Farmer Producer Organizations (FPOs) for perspective planning of five years for promotion of Millets and Millet products.

Source: Orissa.com

FCI to be strengthened, modernised in next 12 months; MSP system to continue: Piyush Goyal.

Jan 15, 2021

Food and Consumer Affairs Minister Piyush Goyal on Thursday said state-owned FCI will be strengthened and modernised in the next 12 months and stressed that the MSP procurement system will continue. The Food Corporation of India (FCI), government's nodal agency for procurement and distribution of foodgrains, should become more efficient, transparent and accountable, as well as use modern technologies and data analytics to improve its functioning, he said.

Addressing the 57th Foundation Day of FCI, Goyal said the organisation will be strengthened and modernised with usage of technology in the next 12 months so that it can continue to serve farmers and consumers.

Source: The Economic Times

India's wheat exports to treble this financial year.

Jan 15, 2021

India's wheat exports are likely to treble in the current financial year, thanks to surging international prices and ultra-low interest rate money increasingly finding its way into agri-commodity markets. The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 18 lakh tonnes (mt), as against its earlier estimate of one lakh tonnes, the highest ever in the last six years, the Indian Express reported.

India's wheat export last fiscal was at 5.95 lakh tonnes. With the Russia government levying a 25 euros-per-tonne export tax on wheat effective from February 15 – in response to high domestic prices – Bangladesh 'is beginning to shift its purchases towards India', the USDA has noted in its latest world grain trade report. Bangladesh’s total wheat imports are placed at 66 lakh tonne in 2020-21.

Source: The Week

Thai long grain rice exports falter amid competitive Indian prices.

Jan 15, 2021

Thailand is unlikely to remember the international rice market in 2020 favorably, especially for exporters specializing in standard long grain white and parboiled rice.

According to the US Department of Agriculture, Thai 2020 milled rice exports -– excluding Fragrant rice –- totaled 4.2 million mt as of Dec. 27, down 28% year on year. To make matters worse, 2019’s year-end total of 5.8 million mt was down 39% from 2018.

Examining 2020 export figures, the situation is even bleaker for standard long grain exporters. White and parboiled rice accounted for 73% of total 2019 exports, according to the Thai Rice Exporters Association (TREA).

Source: Hellenic Shipping News

Govt. plans to boost rice exports from Kakinada.

Jan 15, 2021

East Godavari Joint Collector G. Lakshmisha on Tuesday appealed to members of the Rice Exporters Association to increase the annual rice export from 20 lakh metric tonnes to 40 lakh metric tonnes through Kakinada Anchorage Port.

Mr. Lakshmisha assured the exporters of all support and improvement in facilities to increase rice exports from the district.

'The district authorities are ready to provide any assistance to the exporters. The possibilities to export the rice from the deep sea port being operated by the Kakinada Seaports Limits (KSPL) will be explored. The Department of Labour will ensure availability of workers round the clock instead of only during the day to increase exports,' said Mr. Lakshmisha.

Source: The Hindu

Telangana could soon become the rice bowl of India as production hits 1.3 crore tonne.

Jan 15, 2021

Hyderabad, Telangana is on way to emerge as the rice bowl of India with the rice production reaching 1.3 crore tonnes during 2019-20.

With completion of new irrigation projects and increase in land under irrigation, the production increased by more than 20% over the previous year.

Telangana, which grows rice in about 14.19 lakh hectares, saw huge improvement in production ever since it was carved out of Andhra Pradesh in 2014.

Source: Business Insider

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