The Northern part of Karnataka being contiguous to sugarcane grown in Southern part of Maharashtra, have also suffered due to lower rainfall as well as some infestation of white grub.
"We have increased import duty on several commodities, raised MSP, widened insurance cover and invested big time in farm modernisation," says the Union minister.
The govt has approved proposals from nine states for the procurement of pulses and oilseeds on the basis of MSP in the kharif marketing year beginning October.
The joint venture is proposed to be called Grow Indigo, marking Indigo’s first expansion into smallholder markets, where average farm sizes are typically one to three acres.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for creation of special Fisheries and Aquaculture Infrastructure Development Fund (FIDF), an official statement said.
India, though one of the biggest producers of agricultural products, has an average farm productivity of only 33 per cent of that of farms the world over.
A second bailout package for sugar industry could be in the offing as the food ministry plans to float a Cabinet note seeking loan incentives for ethanol producers. This will be in addition to the sugar package announced in June, government sources said.
Under the bright aura of high pricing at retail and wholesale level trade, there lies the dark story of field level potato farmers in northern West Bengal, second largest contributor to national potato yield. Crunched between low price realisation and inadequate storage facility, large numbers of traditional farmers are likely to remain off from the tuber next
Retail prices of onion, the main kitchen stable, have shot up to Rs 30-40 per kg because of tight supplies from the producing states, as per the trade data.
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