Bullish sentiments in sugar avert agitation over cane price in Maharashtra
Strong bullish sentiment in sugar has helped avert an agitation over cane price in Maharashtra, allowing to start the 2021-22 crushing season on time.
Sugar millers and the state government, which has several sugar barons from the Congress and the NCP as ministers, had proposed legal amendments to enable breaking up of the fair and remunerative price (FRP) payment in instalments, instead of paying it as a lump sum amount within 14 days of cane delivery as mandated by the law.
Farmers’ organisation, Swabhimani Shetkari Sangathana, had threatened to begin an agitation. However, millers agreed to the demand for full FRP in the first instalment itself, as global and domestic sugar prices are expected to increase substantially from the current levels.
Govt buys over 209 lakh ton paddy so far this Kharif marketing season for Rs 41,066 cr
The government on Tuesday said it has procured 209.52 lakh tonne of paddy so far in the current Kharif marketing season for over Rs 41,066.80 crore. The Kharif marketing season (KMS) 2021-22 runs from October to September.
Food Corporation of India (FCI) is the government’s nodal agency for the procurement and distribution of foodgrains.
In a statement, the Food Ministry said 209.52 lakh tonne of paddy has been purchased till November 8 of the ongoing Kharif marketing season.
Not signed up to COP26 Action Agenda on Sustainable Agriculture, says India
India on Tuesday dismissed reports that it had signed up to the Action Agenda on Sustainable Agriculture at the ongoing COP26 climate summit in Glasgow as “baseless” and “factually incorrect”.
The ‘Sustainable Agriculture Policy Action Agenda for the Transition to Sustainable Agriculture and Global Action Agenda for Innovation in Agriculture’ was pegged as a highlight over the weekend at the 26th Conference of Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC).
“All continents were represented, with countries including India, Colombia, Vietnam, Germany, Ghana, and Australia,” noted the UK’s COP26 release around the announcement.
