Soyabean surge on CBOT sows hopes of higher oilseed crop in India
Prices on CBOT near 7-year high
Soyabean prices surged to a near seven-year high of $14.44 a bushel (₹3,875 a quintal) on the Chicago Board of Trade on Monday on excess rains in Brazil and dry weather in Argentina.
The rise in soyabean prices due to the problems in the South American nations — which make up nearly 50 per cent of global production — raises hopes of higher acreage under oilseeds during the ensuing Kharif season that begins in June.
87,000 tons of onion exported in Jan-Feb after ban lifted: Minister
India has exported 87,000 tonnes of onion in the January-February period after the ban was lifted in view of good kharif crop estimates, Agriculture Minister Narendra Singh Tomar said in Parliament on Tuesday.
The government lifted the ban on export with effect from January 1 in view of good prospects of kharif and late kharif production estimates, he said in a written reply to the Lok Sabha.
With over ₹300 cr investment, private cos develop 38 farm markets in last 3 years
Private companies have developed 38 farm markets in four states with a total investment of over ₹300 crore in the last three years, Agriculture Minister Narendra Singh Tomar said in the Lok Sabha on Tuesday and added that the new farm laws aim at boosting investment in agri-infrastructure.
According to 2006 National Commission on Farmers’ Report, the minister said there should be one market to serve 80 square kilometres (sq km), whereas presently, one regulated market serves 473 sq km.