Posts Tagged ‘agriculture ministry’

Jaggery(Gur) – “The Medicinal Sugar” Final Part

Hello Friends here we come up with an extension of our previous blog  “Jaggery(Gur) – The Medicinal Sugar Part 1” in our “Commodity Corner Series”.

.

Jaggery(Gur) – “The Medicinal Sugar” Final Part

.

In previous blog we  read about how  Jaggery is formed, what is the market scenario of  jaggery/gur commodity, its current price value and production volume of jiggery in India.

.

In this blog we would read about the Karnatka Govt initiative of setting up a jaggery park at Mandya, the country’s fourth largest jaggery market.

.

🙂

.

Karnataka Plans Jaggery Park:

.

The park, coming up at Mandya, will be developed over the next five years.

.

Even as the sugar industry is competing with jaggery makers for a larger share of cane for their mills, Karnataka government has initiated steps to popularise new sugar-rich cane varieties suitable for jaggery making and increase productivity of jaggery units.

.

In what could be the first of its kind initiative in the country, the University of Agriculture Sciences, Bangalore, is setting up a jaggery park at Mandya, the country’s fourth largest jaggery market.

.

The aim of this initiative is to identify new sugar-rich varieties and encourage farmers to adopt scientific methods to increase production.

.

The agriculture ministry has sanctioned the project for setting up of the jaggery park as part of the Rashtriya Krishi Vikas Yojana (RKVY) under the auspices of Zonal Research Station of UAS at VC Farm in Mandya.

.

Under the project, farmers will be imparted training on scientific practices in jaggery production.

.

The Centre has sanctioned Rs 8 crore for the current year to set up the jaggery park on a pilot basis on 500 acres in Mandya.

.

In the first phase, around 150 farmers in select villages of Mandya, Mysore and Chamarajanagar districts will be enrolled to plant sugar-rich varieties of sugarcane from January 2010.

.

Under this project, it is envisaged to increase the productivity and adoption of non-chemical methods to produce jaggery.

.

Currently, 2,000 jaggery units are operational in and around Mandya, which produce an average 20,000 quintals per day.

.

Through this project, it is planned to double the daily production over a period of five years.

.

For the current year, around 70,000 hectares is under sugarcane cultivation in Mandya, about 12 per cent less than last year.

.

The park will also showcase underroof technologies developed by various sugar research institutes from across the country for the benefit of farmers.

.

🙂

.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please click here

Rabi Sowing Picks Up in State

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

🙂

Rabi sowing picks up in State

Rabi sowing picks up in State:

The recent rain in several parts of Karnataka seem to be playing a key role in rabi sowing with farmers going in for large-scale coverage of jowar, Bengal gram and sunflower, particularly in the northern districts.


As sowing is in progress, data from the Agriculture Ministry shows that rabi crops were sown on 27.05 lakh hectares of land accounting for 73 per cent progress against the target of 37 lakh hectares as on November 18.


Sowing of maize, wheat, Bengal gram and sunflower continued in the northern districts while transplanting of paddy and sowing of black gram was in progress in parts of Dakshina Kannada and Udupi.

Bengal gram has been sown on 8.78 lakh hectares of land against 7.67 lakh hectares during the corresponding period last year, while jowar, the major rabi crop, has been sown on 9.25 lakh hectares, wheat on 1.9 lalkh hectares, and sunflower on 2.90 lakh hectares.


Overall coverage of pulses such as Bengal gram, horse gram, black gram, green gram, cowpea and avare stood at 9.93 lakh hectares against the coverage of 8.99 lakh hectares last year.


However, the area under cereals — rice, jowar, ragi,maize, wheat, and minor millets — trails at 12.32 lakh hectares against 14.39 lakh hecatres during the corresponding period last year.

🙂

In Other major Commodities Updates we can see  FMC has recently instructed bourses to ensure compliance of the PMLA and Sugar production in India may exceed estimated figures.

🙂


Commodity bourses must follow PMLA norms : “FMC”

In order to step up the regulatory grip on commodity derivatives market, Forward Markets Commission (FMC) has recently instructed bourses to ensure compliance of the Prevention of Money Laundering Act 2002 (PMLA) by their members.


“This is more of a pre-emptive step to prevent unscrupulous money coming into our (commodity futures) market,” BC Khatua, chairman, FMC, said.

🙂


Sugar output may beat estimates “Survey”:

Sugar production in India, the world’s second-largest grower, may be 11 percent more than estimated after farmers boosted planting and yields improved because of increased fertiliser use.


Output may jump to 17.68 million metric tonne in the season started Oct. 1, according to interviews with 631 farmers across six states by Geneva-based SGS SA for Bloomberg.


🙂

Note : For More Latest Industry, Stock Market and Economy News and Updates, please click here

WHEAT MAY MOVE IN RANGE WITH UP BIAS

Domestic wheat prices have escalated by around 10 per cent

Domestic wheat prices have escalated by around 10 per cent

Domestic wheat prices have escalated by around 10 per cent amid concerns of adverse monsoon and flood in Karnataka and Andhra Pradesh, which has raised concern over kharif food grain production particularly rice and maize.

Although there is still some upside left as far as wheat prices are concerned.

The prices will face strong resistance at higher level as supply situation in India and in rest of the world is in healthy shape.

Ample availability of stock at domestic level

At domestic level, wheat inventories have increased after two back to back record crops in the country.

Due to better carry over stock and record purchase government stocks reached to second highest level in the history at 32.29 million tonnes almost double than buffer stock requirement of 17 million tonne.

🙂

According to the Agriculture ministry’s fourth advance estimates, India produced a record crop of 80.58 million tonnes in 2008-09, while production was at 78.57 million tonnes in 2007- 08.

With bumper production and steep hike in minimum support price, government made record purchase of 25.3 million tonnes this year, 13 percent more as compared to last year.

🙂

Prospects of next year crop

Despite having comfortable supply currently, weak monsoon, flood in Andhra Pradesh and Karnataka and consequent Shortfall in kharif paddy output prospects has started fueling prices in the market.

A smaller paddy and maize crop will lift demand for their substitutes, primarily wheat.

As per crop weather watch report, acreage of kharif paddy this year remained at 324.28 million hectare till October 09, 2009 which is 16.2 percent or 6.26 million hectare lower than same period last year.

However kharif maize acreage remained higher this year but recent flood in Andhra Pradesh and Karnataka has aggravated the concerns of lower output.

As per Agriculture department report, kharif maize acreage was at 71.08 lakh hectares, 0.8 percent or 0.5 lakh hectares higher than last year.

Besides, flood in Karnataka and Andhra Pradesh and weak monsoon also raised concern over prospect of next wheat Crop.

Due to weak monsoon in northern part of India mainly in Punjab, Haryana and Uttar Pradesh, soil moisture condition is not sufficiently good for next wheat sowing.

😦

Water storage in this region has also declined. As per Central Water Commission’s latest data in 81 important water reservoirs monitored by CWC in different parts of the country, total live storage has increased from 90.48 BCM on 01.102009 to 91.75 BCM on 08.10.2009.

But still is far from a satisfactory level.

Stay Tuned for More on this topic.

We would see demand and supply scenario in coming months, price trend and on Export Ban.

Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here

Rabi Crops Get a Lifeline on Late Rains :)

Lets Get to know of the latest Agri updates in the country 😀

agri-update-smc

Rabi Crops Get a Lifeline on Late Rains:

Considering cumulative rainfall from June to September, expected retention of moisture in soil between October and December, and recharge in the ground water level, the agriculture ministry expects no major dip in the coverage of food crops in the coming rabi season.

🙂

As for other rabi crops in 2009, the ministry sets the rice production target at 14.5 mt, for jowar at 3.9 mt and barley at 1.6 mt, which are almost similar to the last year’s level.

According to the fourth round of estimate by the ministry, rice production in the last rabi season was 14.6 mt, barley 1.5 mt and jowar 4.2 mt.

🙂

At the same time, it has asked all wheat growing states to ensure that sowing of wheat is completed by the end of November and to see that maximum areas are covered with high yielding and high temperature tolerant varieties.

In Other major Agri Updates we can see that Monsoon has withdrawn and has left 22% shortfall in the country.

An erratic monsoon, which left the country 22 per cent short of normal seasonal rainfall and caused concern about the kharif harvest, has finally begun to withdraw, almost three weeks later than normal.

😦

The total monsoon rainfall this year till September 23 was estimated by the IMD at 66.83 cm, about 22 per cent below the normal level of 85.87 cm for the period.

According to the India Meteorological Department (IMD), the withdrawal line today passed through Ganganagar, Churu, Jodhpur and Barmer in Rajasthan.

However, many other parts of the country will still continue to get rain.

The maximum deficiency is in the north-west (34 per cent), followed by the north-east (25 per cent), central India (19 per cent) and southern peninsula (8 per cent).

Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here