Wheat has been sown in 298.67 lakh hectares which is 4.0% lower than last year. This can be signal of firm wheat prices in coming year.
As per latest estimates issued by Ministry of Agriculture & Farmers Welfare Rabi crops sowing has crossed 617 Lakh Hectare, which is drop of 0.5% against last year.
Other crops sown/transplanted as - Rice in 22.32 lakh hectares, Pulses in 163.11 lakh hectares, Coarse Cereals in 54.58 lakh hectares and area sown under Oilseeds is 79.11 lakh hectares.
The area sown so far and that sown during last year this time is as follows:
|Crop||Area sown in 2017-18||Area sown in 2016-17|
Amazon will open its checkout-free grocery store to the public on Monday after more than a year of testing, moving forward on an experiment that could dramatically alter brick-and-mortar retail.
The Seattle store, known as Amazon Go, relies on cameras and sensors to track what shoppers remove from the shelves, and what they put back. Cash registers and checkout lines become superfluous - customers are billed after leaving the store using credit cards on file.
For grocers, the store’s opening heralds another potential disruption at the hands of the world’s largest online retailer, which bought high-end supermarket chain Whole Foods Market last year for $13.7 billion. Long lines can deter shoppers, so a company that figures out how to eradicate wait timesView more
Tomato prices, which have skyrocketed up to Rs 100/kg, are more likely to decline over the next fortnight as supplies from southern and other growing states are expected to improve, said a senior ICAR official.
Retail tomato prices have gone through the roof for more than a month now in most parts of the country and are still ruling high up to 100 per kg, as per the data maintained by the consumer affairs ministry.
Tomato prices in metros were ruling at Rs 95/kg in Kolkata, Rs 92/kg in Delhi, Rs 80/kg in Mumbai and Rs 55/kg in Chennai on June 29, as per the ministry data.
In other centres, tomato was sold at Rs 95/kg in Lucknow, Rs 90/kgView more
Onion prices have started to increase after a slump of 18 months after the Madhya Pradesh government procured 2 lakh tonne of onions, removing excess supplies from the market.
Rise in prices is witnessed also due to damages inflicted by July rains in Gujarat and Rajasthan that has set bullish trend in onion prices. At the benchmark Lasalgaon APMC in Maharashtra, average wholesale onion prices have doubled during the past 10 days to Rs 13/kg. As onion prices have begun to increase, it will help avoid shortages of the commodity by encouraging farmers to plant more, say trade veterans.
Traders were afraid of onion farmers, especially from the non-traditional onion growing regions to shift away from the crop, leading to shortagesView more
Author: Uday Dodla
We are amidst exciting times as we experience machines thinking, talking and adding value to how individuals engage with the world in their daily lives.
With over 20 billion internet-connected devices expected to run by 2020, the deluge of data streams from these devices would warrant the use of edge computing, sophisticated analytics and AI. Innovative interplay of such technologies to produce desirable use cases is egging on the growth of Internet of Things (IoT) today.
Globally, countries are fast-adopting IoT in spaces such as retail, consumer wearables, commerce and smart infrastructure. Currently a relatively small market for IoT, India aims to clinch at least 20 percent market share in the next 5 years. The Indian government'sView more
The Central Government today fixed higher rice procurement target at 37.5 million ton for the 2017-18 marketing season beginning October on hopes of good production.
The government's rice procurement has touched 34.35 million ton (MT) in the ongoing 2016-17 marketing season (October-September). The procurement has already crossed the target of 33 million ton set for this year.
Higher target for the 2017-18 was fixed after discussing with state food secretaries in a meeting chaired by Union Food Secretary Preeti Sudan here today.
The target for each rice producing states was also fixed in the meeting: Punjab to procure 115 lakh tonnes, Chattisgarh (48 lakh ton), Uttar Pradesh (37 lakh ton), Haryana and Odisha (30 lakh ton each), Andhra Pradesh isView more
The government is considering raising import duty on sugar to 60 per cent from the current 40 per cent to restrict cheap shipments and maintain domestic prices.
Any fall in local prices will affect millers capacity to pay cane dues to growers.
In view of lower sugar output estimated during the current 2016-17 marketing year, the government had in April allowed import of 5 lakh tonnes of raw sugar at zero duty to boost domestic supply.
"We are monitoring global price movement closely. Prices in the international market are falling and some traders are keen to import even at high customs duty. So, we are considering raising import duty," a senior Food Ministry official told PTI.
Higher duty willView more
The decision to reduce GST rate on exclusive tractor parts to 18 per cent instead of an earlier proposed 28 per cent will provide a great relief to farming community, tractor manufacturers said today.
The decision to reduce GST rate on exclusive tractor parts to 18 per cent instead of an earlier proposed 28 per cent will provide a great relief to farming community, tractor manufacturers said today. The GST Council yesterday cut tax rate on exclusive parts of tractors from 28 per cent to 18 per cent, while also announcing reduction on fertilisers to 5 per cent from previously decided 12 per cent.
Tractor Manufacturers Association (TMA) welcomed the move saying that this would go long way in making smallView more
India's 2017/18 sugar production will likely jump a quarter from the previous year to 25 million tonnes as decent monsoon rains are forecast, the head of an industry body told Reuters.
That rebound in output to volumes near consumption levels could sap demand for imports from the world's biggest consumer of the sweetener, dragging on international prices that are already near their lowest in over a year.
India was forced to import 500,000 tonnes of sugar in the 2016/17 crop year ending Sept. 30 after a strong El Nino weather pattern prompted severe drought in 2015.
"Local supply will be enough to cater for demand. We don'tView more
Production of horticulture crops such as fruits and vegetables in the country during 2016-17 is estimated to be more than 295 million ton as per the second advance estimates released by the agriculture ministry on Tuesday. Area under horticulture crops recording an increase of 1.9% over previous year
These estimates are an upward revision over the 287 million ton estimated by the ministry in February (first advance estimate), and 3.1% more than the 286 million ton produced in 2015-16.
Last month, the agriculture ministry raised its estimates of foodgrain production to 273.4 mt in 2016-17, the highest ever in the history of Indian agriculture.