Agriculture Current Affair 8 December 2020

Centre urged to lift onion exports ban

Onion growers in Maharashtra have demanded that the Union government must lift the ban on exports to control falling onion prices in the wholesale market.

Maharashtra State Onion Growers’ Association is gearing up for agitation to push the demand.

The government had banned the exports of all kinds of onion on September 14 as retail prices of the kitchen staple soared due to a shortage of supplies.

The government also started importing onions from Egypt, Turkey and other countries.

Poultry sector to hatch gains on revival in demand, says ICRA

A rebound in demand coupled with improved realisations and modest feed prices will help enable poultry players to post healthy profits for financial year 2020-21, ICRA said in a report on Monday.

The sector had taken a beating after consumers shunned poultry products as rumours of chicken consumption linking to the spread of Covid-19 had impacted the offtake.

CAI revises cotton export projections downward to 54 lakh bales

The Cotton Association of India (CAI) has projected India’s cotton exports to fall by about 10 per cent to 54 lakh bales (each of 170 kg) from an earlier projection of 60 lakh bales.

As against the previous year’s 50 lakh bales of exports, the CAI, in its initial estimates, had projected cotton exports to be 20 per cent higher this year, which started from October 1, 2020 to September 30, 2021.

In its latest monthly crop estimate for November 2020, the trade body has retained the overall crop size at 356 lakh bales for the year. Total arrivals during October and November are estimated at 91.57 lakh bales.

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