Agriculture Current Affair 16 May 2022

Agriculture sector needs investment, access to modern technologies: Agriculture Minister Narendra Singh Tomar

Agriculture Minister Narendra Singh Tomar on Thursday said there is a need to enhance investment and introduce modern technologies in the farm sector for ensuring higher growth. Addressing ‘8th India Maize Summit 2022′ organised by industry body FICCI, the minister highlighted that the government has initiated several reforms and launched many programmes including PM-KISAN as part of its effort to double farmers’ income.

“The agriculture sector needs investment. Connecting agriculture with technology is the need of the hour,” Tomar said.

Stating that the maize crop has multiple benefits as it is used as foodgrain, and animal feed, besides making ethanol, the minister said the government has increased the minimum support price (MSP) for maize significantly to augment production of this coarse cereal.

Govt weighs wheat export cap, more rice in food scheme

A limit on wheat exports and the use of more rice in its place in the national food programme are among measures the government is considering to rein in prices of wheat and flour.

Local prices of wheat and atta have risen sharply as India has stepped up exports of the cereal following a nearly 40% rally in global rates in the wake of the Russia-Ukraine conflict.

This year’s wheat production is pegged at 95 million tonnes (mt) by traders, against government estimates of 105 mt, likely tightening local supplies and causing prices to rise. Wheat is priced at ₹2,550 per quintal (100 kg) at Kandla port, having risen sharply recently as exporters are trying to speed up shipments, anticipating curbs by the government.

India halts wheat export to fight soaring inflation at home

India put wheat export under “prohibited” category post a sudden spike in the price of the commodity. In a notification on Saturday, the Centre backed the move saying it was being done to manage overall food security of the country and support neighbouring and vulnerable countries.

Exports , however, will be allowed on basis of permission granted to other countries to meet their food security needs and based on the request of their government, the Centre added in its missive.

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