India’s shrimp exports drop 23% in July on lower supply
India’s shrimp exports registered a 23 per cent drop in dollar terms and 16 per cent in rupee terms year-on-year in July, mainly due to lower supply.
Though shipments to the US continue to dominate, exports to the country declined by 14 per cent, said Equirus Securities in its latest report on the aquaculture sector. The exports to China tanked to 5 per cent, as sales plummeted 80 per cent.
Non-loanee farmers warm up to crop cover in some States
This kharif season, though many States have opted out of the revamped PMFBY, some like Rajasthan, Tamil Nadu, Assam and Karnataka have seen an increase in farmers taking cover under the flagship scheme.
Interestingly, the number of non-loanee farmers taking cover under PMFBY, which has been made voluntary from this kharif season, has risen in Tamil Nadu, Assam, Rajasthan and Haryana.
Trade body expects 10-12% damage in soyabean crop in Madhya Pradesh
The Soybean Oil Processors Association (SOPA) expects a crop damage of 10-12 per cent for the oilseed on account of heavy rains in Madhya Pradesh, the largest soyabean-producing State.
Based on a quick field survey of rain-hit areas in MP, SOPA said the most affected districts are Indore, Dewas, Ujjain, Dhar, Sehore, Harda, Shajapur, Mandsaur and Neemuch. Some damage is also seen in other places, it said. However, the damage is negligible in Maharashtra and Rajasthan.