Agriculture Current Affair 4 September 2020

Gujarat estimates kharif groundnut output at 55 lakh tonnes for 2020-21

In its first advance estimate for the kharif crops production for 2020-21, the Gujarat government has projected groundnut output at a record 54.65 lakh tonnes, which is nearly 10 lakh tonnes higher than 45 lakh tonnes in the fourth estimate for last year.

The trade, however, estimates a lower crop size at 38 lakh tonnes for the oilseed owing to monsoon fury in the key growing pockets such as Saurashtra and Kutch.

Insurers see turnaround in PMFBY from 2021

Insurance companies are hopeful of a turnaround in the government’s flagship crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — with new guidelines and use of innovative measures. They also expect more States as well as insurers to participate from next year.

Cotton Association of India in tussle with US over stockpile estimates

Grumblings from Cotton Association of India, or CAI, have been growing louder against the US Department of Agriculture (USDA) over who is the more accurate forecaster for the fibre in the world’s largest producer.

The CAI says the USDA stockpile estimate for India is overly bearish. The group has written to the US agency, and has also asked the Indian government to intervene to restrict the damage over the perception that there’s a supply glut.

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