Agriculture Current Affair 2 October 2021

September rains damage 12% of kharif crops in Maharashtra

Heavy rains caused by Cyclone Gulab in Telangana, Maharashtra, Gujarat, Madhya Pradesh and Chhattisgarh have damaged standing crops of soyabean, cotton, onion and urad at many places, at a time when the country has been looking forward to the new crop to tame commodity inflation.

Unprecedented rainfall in Marathwada has submerged the soya bean crop. The India Meteorological Department (IMD) has predicted formation of Cyclone Shaheen along the Gujarat coast in the next 48 hours, which would continue to pour water along the western coast.

After a year of high commodity prices led by edible oils and pulses, the government, consumers and farmers were looking forward to a good kharif harvest. However, the delayed stay of monsoon may not only increase concerns about commodity prices, but also dampen rural spending as rain-damaged crops will reduce the earning of farmers. The water-logged fields are now waiting for the return of sunshine, but the IMD has cautioned that rainfall may continue till mid-October.

Sugar industry’s future looks good but persisting concerns need attention, says rating agency

A report published by credit rating agency Infomerics Valuation and Rating released on Thursday said that the future of sugar industry looks very encouraging but some persisting concerns need urgent attention according to The sugar report states that the government has been proactive and supportive keeping in mind its size and the number of livelihoods associated with it, but, the focus needs to shift towards arriving at a resolution of the problems with regard to Fair and Remunerative Price (FRP), Minimum Support Price (MSP) and cane arrears.

Stockists declare 30.97 lakh pulses stock on govt portal so far

The food and consumer affairs ministry on Thursday said value-chain participants in the pulses industry have declared 30.97 lakh tonne of pulses stock on a government portal and this data can be used for taking steps to ensure smooth supply of the key commodity at affordable rates.

As part of its measures to control rising prices of pulses and check hoarding, the ministry had in July directed states to ensure stockists, millers and traders provide details of the stock they are holding on any given date on portal

“At least 11,635 stockholders have registered declaring 3097694.42 tonne of stock of pulses on the official portal of Department of Consumer Affairs as on September 20, 2021,” the ministry said in a statement.

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