Indian rice exporters are seeking urgent government support to mitigate the impact of shipping disruptions caused by the Iran crisis and instability in key maritime routes. The disruptions have led to increased freight rates, insurance premiums, and fuel costs, impacting domestic prices and exporter profitability.
Nine individuals, including a government medical officer and four police officers, have been arrested in Jalgaon for allegedly conspiring to fraudulently claim insurance money by faking a road accident death.
Rice exporters in Haryana are facing potential payment delays and shipment disruptions to Iran and Afghanistan following recent military strikes on Iran.
Civil unrest in Iran has started impacting India's basmati rice exports to the country, leading to a sharp fall in domestic prices, as exporters face payment delays and mounting uncertainties, an industry body said on Tuesday. The Indian Rice Exporters Federation (IREF) urged exporters to reassess risks on Iranian contracts and adopt secured payment mechanisms, warning against over-leveraging inventories meant for the Iranian market.
The Indian exporting community is "very" concerned about the possible reciprocal tariffs of the US as it could severely hurt MSME shipments to America in the short run, Federation of Indian Export Organisations President SC Ralhan said on Wednesday. He suggested that the government should come forward and support exporters to deal with these tariffs.
The government on Wednesday raised the minimum support price (MSP) for paddy by 5.35 per cent to Rs 2,300 per quintal for the 2024-25 kharif marketing season. The hike in paddy support price comes despite the government sitting on surplus rice stocks, but it is significant ahead of elections in states like Haryana, Maharashtra, Jharkhand, and Delhi.
Rajendra Jadhav, a farmer from Satana town in Nashik, has developed a sprinkling machine named 'Yashwant', which is currently being used by the local civic body to sprinkle disinfectants to curb the spread of coronavirus.
There has been some improvement in prices of oilseed and gram after the central government increased their import duties
Nitin Tyagi is a young farmer in Budhagaon village of Baghpat district of Uttar Pradesh. A few years ago, Tyagi left his fairly lucrative job in the medical industry and shifted base to his ancestral village to look after his land and property. He opened a small shop selling farm inputs in the village and also started taking a greater interest in agricultural matters which had so far been looked after by his father and uncles. Tyagi and his brothers primarily grow sugarcane, potato and wheat on nearly 10 acres of land with sugarcane taking up most of his time and effort. Being one of the most important and lucrative cash crops of the region, sugarcane is directly linked to the fate of millions of farmers in west UP and with it, the electoral fortunes of political parties seeking their votes in the coming assembly polls.
There have been several instances of traders dumping fruits and vegetables outside mandis. Or of farmers dumping produce outside their villages or feeding them to their animals.
The effect of the beef ban has yet to show up in prices.
The famous Shri Saibaba Sansthan Trust has witnessed a steady rise in its fortunes in the form of donations from devotees over the last few years, a senior official of the organisation said on Friday.
The arrival of the June-September rains has been delayed.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
The whitefly outbreak has intensified a debate over GM crops just as Prime Minister Narendra Modi's office reviews a proposal to allow farmers to grow GM mustard.
Key to Modi's plan will be the interest rates offered for gold deposits.
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