Archive for November 12th, 2009

CROP FORECASTING – “PAST – PRESENT – FUTURE”

Hello Friends here we come up with our another write up on “SMC Gyan Series

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CROP FORECASTING - “PAST - PRESENT – FUTURE”

CROP FORECASTING - “PAST - PRESENT – FUTURE”

Here we would get into the nitty gritties of CROP FORECASTING.

Why is it required and what are the objectives of CROP ESTIMATION SURVEY?

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Agriculture occupies a dominant place in the economy.

It is the main source of livelihood of the majority of the population of the country.

Making available food-grains sufficiently to this huge population of the country throughout the year is very much necessary, & this needs making an advance plan or estimation to predict crop yields.

Crop estimation is a “MUST” for agriculture.

There are number of reasons why a good estimation is required.

Accurately estimating the size of the crop will take the pictures or the scenario size of the crop just before harvest, increasing farming costs for that year.

Overestimate the size of the crop will mean that the quality or quantity may not be achieved.

Therefore for the accurate results, many research advance techniques are used.

A sort of track record is maintained for maintaining & achieving the accuracy of crop estimation.

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OBJECTIVE OF CROP ESTIMATION SURVEY:

The main objectives of the crop estimation survey are:

i. To provide estimates of area under and production of principal food and non-food crops with a high degree of precision at the block/ district/state levels.

ii. To provide estimates of productivity of different crop at block/district/state levels.

iii. To collect useful ancillary information on the existing cultivation practices in the State.

iv. To throw lights on the cropping pattern of the State/Districts/Blocks etc.

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Stay Tuned for more on this where we would get to know of that what are the procedures of crop estimation survey.

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India May Import 3 Million Tonnes Sugar In 2010/11

Hello Friends here we come up with the Latest Major Agri-Commodities updates from various parts of the globe.

India May Import 3 Million Tonnes Sugar In 2010/11

India May Import 3 Million Tonnes Sugar In 2010/11

India, the world’s biggest consumer of sugar, may import 2.5-3 million tonnes of the sweetener in 2010/11 as domestic output is seen falling short of demand for a third straight year.

Raw sugar futures had rocketed to 28-½ year top on huge imports from the South Asian country, while whites hit a record earlier this year.

In 2009/10 season lower area and drought will keep India’s output at 15.3 million tonnes, a little more than last year’s output of 15 million tonnes, falling severely short of domestic consumption for a second straight year.

There is a margin of 200 rupees per quintal (100 kg) in imports.

So, provided the domestic prices remain firm, millers in Maharashtra would be interested in buying more raw sugar.

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In Other major Commodities Updates we can see that World coffee output may fall in 2009-10

World coffee output may fall in 2009-10: Trade body

Global coffee production during the 2009-10 crop year may dip below last year’s level of 128.1 million bags due to bad weather in top three growing countries — Brazil, Vietnam and Colombia, according to the International Coffee Organisation (ICO).

If production falls are confirmed, the global coffee exports are also expected to decline this year.

Production in Brazil, the world’s biggest coffee producer, is estimated to be 39 million tonnes in the 2009-10 season, against 45.99 million bags in a year ago.

ICO said, however, production is expected to rise in Asia, Africa and Central America.

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Global Slowdown Caused Loss of Rs.5k Crores to Air India in 2008-09

Global slowdown causes 5k crores loss to Air India

Global slowdown causes 5k crores loss to Air India

Air India stated that it incurred a loss of Rs 5,548 crore in the fiscal year 2008-09 while the Air India board said the losses were due to global slowdown which resulted in fewer passengers travelling and lower load factor.

However, the loss comes when IATA forecast had predicted that the losses in the aviation industry for the year 2008 would be around $16.8 billion, followed by a loss of $11 billion for the year 2009, due to weak revenue environment and increase in operating costs.

Meanwhile, in sync with the market trend, its total revenue declined from Rs 15,252 crore in 2007-08 to Rs 13,479 crore in 2008-09 while its passenger load factor declined from 63.8% in 2007-08 to 59.5% in 2008-09.

Similarly, the number of passengers travelling on Air India flights declined from 13.21 million in 2007-08 to 10.36 million in 2008-09.

On the other hand, the other major factors contributing to Air India”s losses are hike in aviation turbine fuel (ATF), rise in depreciation costs due to induction of new fleet and interest rates on aircraft loans and borrowings.

Air India has been spending around 10% of the airline”s total salary bill to pay its team of over 160 foreign pilots and hiring firms while NACIL paid Rs 93.29 crore towards salaries and expenses to the agencies providing expatriate pilots to Air India and Air India Express last fiscal.

Further, out of this, Air India paid Rs 46.63 crore while its budget arm Air India Express spent Rs 46.66 crore on the expat pilots during the same period whereas there are 163 expatriate pilots in Air India, besides 1,253 Indian pilots and about 200 trainees.