Hit by falling cultivation and the spread of disease in major producing areas banana prices have gone bananas. Banana inflation increased to 16.5% in November from 2.2% four months ago, according to consumer inflation data released last month. Retail prices have been hovering around ₹30 per kg now, up from₹ 18-20 in October, said traders. […]
Tag Archives: #Agriculture Sector
Bihar Announces 40% Subsidy for Dragon Fruit Cultivation
To bolster agricultural ventures and diversify crop cultivation, the Directorate of Horticulture, Department of Agriculture, Bihar, has announced a 40 percent subsidy under the National Horticulture Mission Scheme for the cultivation of dragon fruit in the state. This initiative aims to incentivize farmers and promote the growth of dragon fruit farming across the state, furthering the agricultural landscape […]
Govt procures 25,000 tonnes of kharif onion so far for buffer stock
The Centre has so far procured 25,000 tonnes of onion grown in the 2023 kharif season for maintaining a buffer stock, Consumer Affairs Secretary Rohit Kumar Singh said on Monday.The government is procuring onion to maintain a buffer stock and use it for market intervention to boost domestic availability and keep prices in check . […]
‘Farm output likely to grow by more than 3% in FY24’
Farm output is expected to grow by more than 3% in FY24 despite initial concerns about the adverse impact of an erratic monsoon, NITI Aayog member Ramesh Chand said, signalling the El Niño weather pattern may have had a more moderate effect than earlier anticipated. Chand, however, acknowledged that the uneven southwest monsoon would have […]
IZA calls for integration of micronutrients in Indian agriculture industry
With India’s consumption of micro-nutrients in the agriculture sector remaining below the global average, the International Zinc Association (IZA) on Thursday called for the integration of micro-nutrients in agri-practices to produce nutrition-rich crops. Recently, there has been a shift in Indian consumer preferences towards healthier food options that can aid in maintaining and improving health. […]
Agriculture sector remains resilient; Rabi sowing got off to a strong start: RBI
Synopsis India’s total kharif crop production is estimated to moderate to 149.92 metric million tonnes (MMT) from 156.04 MMT in the previous kharif crop year, as per the first advance estimate. On the supply side, Das said, “The agricultural sector remains resilient. Rabi sowing got off to a strong start. The area sown so far […]
Drones can boost India’s GDP by up to 1.5%, address challenges for the country’s key agriculture sector
Synopsis While emerging fourth industrial revolution technologies can play a role in addressing these challenges. WEF cited a Ministry of Electronics and Information Technology (MeitY) report that highlighted that digital tech-based agriculture can unlock further value of $65 billion by 2025. The gross domestic product (GDP) impact of digital agriculture will be even larger. Drones, […]