Agriculture Current Affair 28 August 2022

Oil palm cultivation: Godrej Agrovet signs MoUs with Assam, Manipur and Tripura

Diversified agri-business firm Godrej Agrovet on Tuesday said it has inked MoUs with Assam, Manipur and Tripura governments for development and promotion of oil palm cultivation under a central scheme. Godrej Agrovet is the largest oil palm processor in India and works directly with farmers for the entire crop cycle.

As part of the memorandums of understanding (MoUs), Godrej Agrovet said it will be allotted land across the three states for promotion and development of sustainable palm oil plantations in the region.

The collaboration will bring new opportunities and growth in building oil palm plantation in these three state and would help provide the required support to the farmers, it said.

Reliance Retail’s bid price for 40,000 T Haryana wheat signals shortage

Reliance Retail has won a bid to buy 40,000 tonnes of wheat from Haryana State Cooperative Supply and Marketing Federation (Hafed) at ₹24,200 a tonne, officials at the cooperative body said on Wednesday.

Hafed, which used to procure wheat only for Food Corporation of India at the minimum support price, had for the first time purchased the grain at market rate this year for the sole purpose of exports. It had procured 1,80,000 tonnes of wheat, paying more than the MSP for exports. However, after the Centre put a break on wheat exports in May, the cooperative body started offering wheat to domestic buyers.

Hafed is known to work for profit. It had bought this export-quality wheat at market rate from Haryana and Madhya Pradesh, competing with the private sector. The total tendered quantity was 1,04,268 tonnes, of which more than 60,000 tonnes were from Madhya Pradesh and 40,000 tonnes from Haryana. Hafed officials said they were most likely to accept the Reliance Retail bid for the entire 40,000 tonnes of Haryana-origin wheat.

India likely to curb some rice exports in risk to global supply

India, the world’s biggest rice shipper, will likely restrict some exports as domestic supply is under threat, according to people with knowledge of the matter, a move that risks adding to the chaos in global food markets.

The government is discussing curbs on broken rice exports, which account for almost 20% of India’s shipments abroad, as local prices have soared, said the people, who asked not to be identified as the information is private. Talks are in advanced stages and a decision may be announced soon, the people said.

A spokesperson for the food and commerce ministries declined to comment. The finance ministry didn’t immediately respond to a request for comment.

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