Agriculture Current Affair 22 April 2022

To fast track agri-drone adoption, Centre approves 477 pesticides for drone usage

To fast track agri-drone adoption, the Union Agriculture Ministry has granted interim approval to 477 pesticides for drone usage, the Drone Federation of India (DFI) said on Tuesday.

Before this, each pesticide had to be approved by the Central Insecticide Board and Registration Committee which would take 18-24 months.

These 477 registered pesticides include insecticides, fungicides, and plant growth regulators (PGRs), for commercial use through drones for two years.

Palm oil demand seen jumping as discount over rivals widens

Palm oil demand is expected to jump in coming months, driven by a widening discount to rival vegetable oils.

Higher demand for palm oil could lift Indonesian and Malaysian exports and bring down inventories, supporting prices , which have already jumped 38% so far in 2022 as the war in Ukraine has disrupted supplies of sunflower oil.

“Palm has become lucrative for refiners as it is available at $150 per tonne discount over soyoil,” said Sandeep Bajoria, chief executive of Sunvin Group, a Mumbai-based vegetable oil brokerage and consultancy firm.

Government’s wheat procurement may fall by half this season

The government’s wheat procurement may fall by as much as half in the current season that began April 1, as private trade has become more lucrative because of the higher global prices, say traders and processors.

The government is, however, confident of meeting the target set at last year’s level of 44.4 million tonne and does not see a small shortfall impacting domestic needs.

Actual procurement may only be 25 million tonnes in the 2022-23 season and the government may have to provide more rice under the various welfare schemes, says private wheat traders and buyers.


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