Agriculture Current Affair 3 May 2020

PM holds meeting to discuss ways to boost agriculture

Prime Minister Narendra Modi on Saturday held a meeting to deliberate on the issues being faced by Indian agricultural sector and the reforms required in a wide range of fields such as agriculture marketing, management of marketable surplus, access of farmers to institutional credit and freeing the farm sector from various restrictions with appropriate backing of the statute.

He stressed upon the need for making strategic interventions in the existing marketing eco-system and bringing appropriate reforms in the context of rapid agricultural development. The meeting also deliberated on ways to making concessional credit flow possible to strengthen agriculture infrastructure, special Kisan Credit Card saturation drive for PM-Kisan beneficiaries and facilitating inter and intra-state trade of agriculture produces to ensure the fairest return to farmers.

Sugar output down 20% at 258 lt till April 30: ISMA

Sugar mills in the country have so far produced 258 lakh tonnes (lt) of sugar, nearly 20 per cent lower than the 321.71 lt produced till April 30 last year, the Indian Sugar Mills Association (ISMA) said on Friday.

The trade body also said there is an increase in sugar offtake in the last week of April with traders coming forward to refill the pipeline which is almost dry currently.

Surge in demand expected
“It is generally expected that sugar demand will increase as soon as the lockdown is withdrawn, especially because of demand from the traders to refill the pipeline, which is almost dry, and also because of the rise in consumption coming up due to summer demand for beverages, ice creams, juices, etc,” ISMA said.

Wheat procurement is swift in Punjab

The nationwide lockdown seems to have had no adverse impact on wheat procurement in Punjab, with the total quantity of grains collected for the Central pool till May 1 being more than 74 lakh tonnes (lt), a tad lower than 75.5 lt procured during the corresponding period last year.

Most other States, including neighbouring Haryana, managed to procure less than half wheat from farmers on minimum support price (MSP) over the previous rabi marketing season.

Food Corporation of India (FCI) and State agencies designated by FCI purchase wheat from farmers in 10 States and Union Territories for creating buffer stock as well as for public distribution across the country. The total procurement of wheat so far is 143 lt as against 196 lt procured till April 30 last year.

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