Local flour mills are expected to sign more contracts to source wheat from Australia despite them paying a 25% import duty, as demand for better quality grains in India.
Singh said for this, it will be appropriate to initiate stable research and development work in the agricultural sector through mutual cooperation.
With production this year expected at 58 lakh tonnes, 3% less than the previous year, oil millers say they will try to keep retail prices of mustard oil stable.
Water shortage is not only hurting coal-based and hydropower plants but will also decrease the efficiency of solar and wind plants, adding to the pressure on the grid.
India’s latest monsoon forecasting model predicts good rainfall this year, which will end severe water shortage that is threatening power supply and cheer farmers.
Farmers in Punjab, Haryana & Rajasthan will start planting of cotton by May and paddy nursery by June. In MP, soybean cultivation will begin after the monsoon sets in.
A key condition for foreign companies to sell multi-brand food in India is that all the raw materials must be sourced locally and the products manufactured in India, Food Processing Minister Harsimrat Kaur Badal had said.
Weather Risk Management Services has said that India will receive normal rainfall during the June-September monsoon season
India’s agriculture sector can grow 6% in 2016-17 if the country receives normal monsoon rainfall this year, according to NITI Aayog.
The water situation in parts of the country has reached alarming proportion after an extended period of deficit rain, including two consecutive monsoon failures.
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