Posts Tagged ‘Bt cotton’

COMMODITY NEWS DIGEST

  • Farmers raising the Rabi crop under Krishna Delta this year will fall due to short of water by 16 tmcft (thousand million cubic feet).

  • Government has decided to temporarily wind up its sale of wheat for bulk consumers by March-end in states of Punjab, Haryana and Uttar Pradesh.

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  • Monsanto’s Bt cotton fails to control pests in 4 Gujarat districts.

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  • The validity period for sale and delivery/dispatch of nonlevy sugar has been extended on a weekly basis to the weeks ending March15, 22, 31 and April 7 respectively.

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  • The Centre could extend the ban on pulses exports until March 31, 2011 besides allowing duty-free imports for another year.

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  • The data received from States reveal that about 278.17 lakh hectares wheat has been sown as compared to last year’s coverage of 275.89 lakh hectares.

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  • Rice procurement by state-run agencies has dropped by just 3.25% to 23.8 million tonnes till now in the 2009-10 crop marketing season.

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  • British retail sales recovered last month from January’s snow-related slide.

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  • Confidence among U.S. consumers unexpectedly declined for a second month in March, 2010.

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Stay Tuned for More updates

Govt Sells 0.3 Million Tonne Wheat in Open Market

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

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Govt Sells 0.3 Million Tonne Wheat in Open Market

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Govt Sells 0.3 mt Wheat in Open Mkt:

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The government’s move to sell excess wheat stocks to bulk buyers for reducing retail price of wheat and wheat flour finally taken off after months of delay.

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Private bulk buyers have purchased 0.3 million tonne (mt) of wheat under the Open Market Sale Scheme (OMSS) from Food Corporation of India (FCI), till now.

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It marks a substantial amount given that less than 50,000 tonne were bought by bulk users ever since the scheme was launched in October 2009.

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Besides this, another 0.54 million tonne of wheat has been approved for sale to bulk users by the high-level committee set up to oversee the sale of government wheat.

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In Other major Commodities Updates we can read about Government officials lauding BT cotton for generating higher yeild.

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Govt official lauds Bt cotton:

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Genetically modified cotton — commonly termed Bt cotton has been a blessing, according to a senior government official.

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The country has generated an additional income of Rs 10,000 crore to Rs 12,000 crore annually because of its higher yield, J N Singh, joint secretary in the Union textiles ministry, told Business Standard.

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According to official figures, 80 per cent of the overall cotton crop is from Bt seeds.

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The area under Bt cotton has been growing between four and five per cent a year, more so in region with irrigation facilities.

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Bt cotton is, however, unlikely to replace conventional cotton completely, especially in rain-fed regions like Vidarbha, Singh added.

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