A shortfall in arrivals of basmati crop across the rice bowl of Punjab and Haryana has seen a 30% jump in prices quoted for the new crop
The report is with the ministry, which is expected to take a call for finalisation of the framework for application, in the coming days.
The India Meteorological Department had initially forecast that rainfall during the June-to-September monsoon would be 6% above the long-term average.
As per industry estimates, India can export 3-4 million tonnes of soymeal this year compared to just 0.4 million tonnes last year.
“The monsoon has been good. We are looking at a healthy growth, which will be double digits, with rural India being the key driver,” said Somasundaram PR of WGC.
The association said it expects carry forward stock of about 52 lakh tonnes for 2017-18 sugar season, as on October 1, 2017.
Government agencies such as NACMF, Food Corporation of India and Small Farmers’ Agribusiness Consortium have started procurement of pulses.
Already field trial of GM chana (chickpea) developed by Assam Agriculture University has been carried on for two years consecutively by Maharashtra based Sungro Seeds.
There is a lot of potential for partnership with Israel, says agriculture minister Radha Mohan Singh
Singh said the two countries are discussing a scheme to promote bilateral collaborative research, the ministry said in a press release.
Meteorologists said there was a possibility of La Nina conditions to develop by November. La Nina is associated with more rainfall and colder conditions in India.
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