Agriculture Current Affair 1 April 2022

 

Supply disruption by Russia-Ukraine conflict could shorten supply of Sunflower oil

Supply disruptions caused by the Russia-Ukraine conflict could lead to a supply shortfall of at least 4-6 lakh tonne of crude sunflower oil for India next fiscal, a Crisil estimate released on Thursday said. This, in turn, will have a bearing on the production planning of domestic edible oil processors.

For the record, refined sunflower oil constitutes ~10% of India’s consumption of 230-240 lakh tonne of edible oils (all types) annually. The country imports nearly 60% of its edible oil requirement, which makes it extremely vulnerable to adverse developments in global trade as well as oilseed production and regulatory changes in key import centres.

What’s worse, as much as 90% of India’s annual crude sunflower oil requirement of 22-23 lakh tonne comes from Ukraine (70%) and Russia (20%), and the rest from Argentina and other countries. Cumulatively, Ukraine and Russia export 100 lakh tonne of crude sunflower oil annually, with Argentina in third place with 7 lakh tonne.

Wheat export at 70.30 lakh tonne till March 21 this fiscal

The total wheat export stood at 70.30 lakh tonnes till March 21 this fiscal, with maximum shipments to Bangladesh followed by Sri Lanka and UAE, Parliament was informed on Friday.

As both Ukraine and Russia are major exporters of wheat with more than 25 per cent total share in the global wheat trade, there is scope for India to increase exports of wheat, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Rajya Sabha.

“The total export of wheat in terms of quantity during 2021-22 (till 21st March 2022) was 70.30 LMT,” she said.

No proposal to revise subsidy sharing pattern between Centre and states under PMFBY: Narendra Singh Tomar

The government on Friday said there is no proposal under consideration to revise the subsidy sharing pattern between the Centre and states under the Pradhan Mantri Fasal Bima Yojana. PMFBY (Pradhan Mantri Fasal Bima Yojana), launched in February 2016, aims at providing financial support to farmers facing crop loss/damage due to natural calamities. The scheme was revamped with effect from kharif season (June-October) of 2020.

Agriculture minister Narendra Singh Tomar, in a written reply to the Rajya Sabha, said the revamped PMFBY revised the subsidy sharing pattern for north-eastern states from 50:50 to 90:10 between central and state governments. The premium sharing pattern for the remaining states and Union Territories is 50:50 subject to certain conditions.

“At present, no proposal to revise the subsidy sharing pattern between Centre and states is under consideration of the government,” Tomar added.

 

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