In a first, Turkey places orders for 50,000-tonne Indian wheat
For the first time Turkey has placed orders for 50,000 tonnes of wheat imports from India joining Egypt. While this will benefit farmers in India, it will further push up wheat prices in the country, which have already surged by up to 15% in recent weeks.
Wheat prices shot up as Indian wheat is in demand in the global markets after exports from Ukraine came to a grinding halt due to the Russia-Ukraine war. Ukraine produces about a fifth of the world’s high grade wheat and 7% of all wheat. A large quantity of wheat bought by private traders in India from farmers are at a price higher than the minimum support price as international prices rallied due to the Russia- Ukraine war. They are creating an inventory anticipating good export orders from the global markets.
The unusual heatwave in March in India has seen yield of wheat crop fall, which too has contributed to the price rise.
NABARD sanctioned Rs 9700 cr for projects in Assam in FY22
National Bank for Agriculture and Rural Development (NABARD) during the financial year 2021-22 has sanctioned Rs.9700 crores for various projects and activities in Assam.
This includes Rs 7600 crores for infrastructure projects of State Government, Rs.2065 crore to various financial institutions etc.
Baiju Kurup, Chief General Manager, NABARD, Assam Regional Office stated in addition to it, an amount of Rs.26.30 crore was extended as grant for various development interventions like setting up of Farmer Producers Organizations, Tribal Development Programs, micro-credit innovation projects etc. Notable facilitations include financial support under NABARD Infrastructure Development Assistance (NIDA), to Assam Infrastructure Financing Authority (AIFA) (a Government of Assam entity) for setting up of Medical colleges, Engineering Colleges, Model Colleges, Green field roads for better connectivity etc.
75 Indian villages to be shaped with Israeli cooperation: Agriculture minister Narendra Singh Tomar
Taking to the “next level” the Indo-Israel cooperation in the field of agriculture, 75 Indian villages will be shaped with Israeli cooperation to mark the country’s 75th Independence anniversary, Union Agriculture Minister Narendra Singh Tomar has said.
Tomar, who was in Israel on a four-day official visit from May 8, met his Israeli counterpart Oded Forer at the Knesset (Israel’s Parliament) on Wednesday.
They discussed various issues related to modern agro techniques, capacity building, transfer of knowledge know-how and support in the fields of agriculture, water management, environment and rural development, keeping in view the scope and potential of agriculture development in both the countries, the Ministry of Agriculture and Farmers Welfare said in a statement.
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