Agriculture Current Affair 9 May 2022

Govt procures 16.2 mt wheat from 11 states

New Delhi: The government has procured around 16.195 million tonnes of wheat from 11 states in the 2022-23 rabi marketing season, benefitting 1.47 million farmers with a minimum support price (MSP) value of ₹ 32,633.71 crore, the food ministry said on Monday.

Wheat procurement under the central pool is progressing in Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttarakhand, Chandigarh, Himachal Pradesh, Jammu and Kashmir, Gujarat, Bihar and Rajasthan, it said in a statement.

As much as 76.094 million tonnes of paddy had been procured, benefiting 10.958 million farmers with an minimum support price value of ₹1,49,144.23 crore, it said.

Cumin prices set to shoot up 30-35% as India’s production expected to fall by 35%, says Crisil

A sharp decline in production in crop season 2021-22 that began in November is set to drives up cumin prices to a five-year high, says a research report released by ratings agency Crisil NSE 0.67 %.

Cumin is the second-most popular spice in the world after black pepper.

A crop native to Egypt’s Nile valley and the Eastern Mediterranean, it is now largely produced in four countries — India, Syria, Turkey, and the United Arab Emirates (UAE).

After five record crops, heat wave threatens India’s wheat output, export plans

India’s wheat output looks likely to fall in 2022 after five consecutive years of record harvests, as a sharp, sudden rise in temperatures in mid-March cut crop yields in the world’s second-biggest producer of the grain.

The drop could curb Indian exports of the staple. Cashing in on a rally in global wheat prices after Russia invaded Ukraine, India exported a record 7.85 million tonnes in the fiscal year to March – up 275% from the previous year.

Expecting another record crop, traders and government officials saw an opportunity to export 12 million tonnes in the current 2022-23 fiscal year.