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Moody’s Ratings warned on June 25 that India’s growing water shortage and increasingly frequent climate change-driven natural disasters, amid a rise in consumption and rapid economic growth, can negatively affect the country’s sovereign credit strength. Currently rated Baa3 stable by Moody’s, which denotes the lowest investment grade rating, India is susceptible to increasing water stress,...

The Union Cabinet gave its nod to raise the minimum support price (MSP) for paddy by 5.35% to ₹2,300 per quintal for the upcoming 2024-25 kharif marketing season, a decision that comes ahead of Assembly elections in Haryana, Maharashtra, Jharkhand and Delhi. In the first major decision of Prime Minister Narendra Modi’s third term in...

Senior BJP leader Shivraj Singh Chouhan took charge of the Union Agriculture Ministry and Rural Development. He had held an informal meeting with the top bureaucrats of the two Ministries on Monday evening.  Mr. Chouhan has his work cut out with the farmers’ organisations threatening to launch fresh protests demanding legal guarantee for minimum support...

The total global volume of fish, shrimp, clams and other aquatic animals that are harvested by farming has topped the amount fished in the wild from the world’s waters for the first time ever, the United Nations reported on June 8. The U.N.’s Food and Agriculture Organisation, in its latest report on fisheries and aquaculture,...

A uniform relief for all mango growers at ₹30,000 per acre akin to the relief disbursement for crop loss in Cauvery delta for paddy farmers was what the mango farmers of Krishnagiri reeling under a 85% production loss demanded at the tripartite meeting held between the farmers, pulp industry and the district administration. The meeting...

Uma Gandhan, a farmer from Valathamangalam village in Thirunallar commune, was trying to dry his cotton using a fan in a portion of his house, like several hundreds of farmers here where cotton was affected by the recent off-season rain. Cotton is cultivated on over 2,500 acres in the district. “I had raised cotton on...

The arrival of mangoes to Salem Market has surged to 40 metric tonnes per day. Previously, due to poor rainfall, the market saw only 10 metric tonnes of mangoes per day. Typically, the arrival of mangoes begins on March 15 and ends on June 15 in Salem Market. These mangoes come from Dharmapuri, Krishnagiri, Namakkal,...

The Minimum Support rices (MSPs) for both kharif and rabi seasons 2023-24 ensured a minimum return of 50% over the cost of production for all crops, said the Reserve Bank’s Annual Report released on May 30. The overall public stock of foodgrains as on March 31, 2024 stood at 2.9 times the total quarterly buffer...

Kothur Babu, an experienced mango grower in Chittoor district, laments that the yield in his orchard has plummeted by over 80% and the prospects of earing profit with the remaining crop looks remote. The situation has only turned adverse as his competitors from Telangana and Tamil Nadu have already started their supplies to the pulp...