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Should onions decide India's course? RBI guv answers

Governor Das said the assessment of the current economic situation is one of the major challenges for RBI.
The Economic Times

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WHEAT

Wheat sowing area touches 33 million hectare, raises hopes of record output

According to latest data released by agriculture department, the overall area has also gone up by 8.5% to 64.1 million ha, raising hopes of a bumper Rabi harvest.

Govt to create temporary storage for 10 mt grain

The government will create temporary storage facility for 10 million tonnes of grain to crea...

India’s wheat production may touch all-time high

No yellow rust has been reported across the wheat-sown area.

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  • Live water storage in reservoirs in the southern states of Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu is 76% of their capacity of 52.8 bcm as of this week, according to CWC. The storage was 48% of capacity a year ago while the 10-year average is 54%.

    The state government has started working with farmers to bring traceability of organic produce growing in farms and expects the proposal to boost farmers’ income and help e-commerce companies like Amazon, Tata Mjunction and Grofers and retailers like Walmart maintain steady and quality supply of these food items.

    Traders on Delhi’s Lawrence road said that at a fixed price of Rs 2,190 a quintal, wheat was being released under the Open Market Sale Scheme (OMSS) to bulk buyers from the FCI godowns.

    The sown area of mustard in Rajasthan—the largest producer of the oilseed—has shrunk to around 2.1 million hectares this winter from 2.5 million hectares a year ago. Mustard seed prices generally follow an uptrend during winters when mustard oil is widely used for body massage.

    The transaction involves acquisition of 16.01 per cent paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99 per cent by Honey Wheat Investment Ltd, the CCI said in two separate statements.

    Raina said the association has asked the government to release damaged and broken grain of 2017-18 season.

    The new craft style beer by the Bengaluru-headquartered brewer is a locally made Belgian wheat beer with orange and coriander flavours and hops from USA. At an ABV of lower than 5%, the variant will be retailed in both can and bottle formats. A 330 ml bottle will be priced at Rs 110.

    To encourage cultivation of pulses, the support price of masoor has been increased by Rs 325 to Rs 4,800 per quintal for this year from Rs 4,475 per quintal last year.

    Fortified with zinc, iron the staple cereal can tackle issue of food lacking in nutrients, which causes stunting, wasting among children across india

    According to latest rabi sowing data released by the agriculture ministry, wheat acreage — which accounts for over half the sown area — is up over 11% to 32.646 million ha, because of a rise in planting in Madhya Pradesh, Rajasthan, Gujarat and Maharashtra. The total rabisown area has also climbed to 62.5 million ha, 8% more than 57.847 million ha planted during this time last year.

    The shortfall is majorly due to decline in the production of pulses due to prevailing drought like conditions in pulses growing regions of Maharashtra, Gujarat and Karnataka during the last Kharif season.

    The company said the funds will be used to widen its product portfolio and newer formats.

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