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Epic Research Weekly Agri Commodity Report 19 FEBRUARY 2018

Commodity News

The United States Department of Agriculture (USDA) estimates India's Soybean production for 2017/18 at 9.5 million tonnes, down 5 percent from last month forecast and down 17 percent from last year. Harvested area is estimated at 10.5 million hectares, unchanged from last month, but down nearly 8 percent from last year. The year-to-year decrease is due to farmers switching to Cotton and Pulses, USDA said. Yield is estimated at 0.90 tons per hectare, down about 5 percent from last month forecast but 4 percent above the 5-year average. Dry conditions during planting negatively impacted vegetative growth and pod development. During field travel in midSeptember, USDA/FAS personnel observed smaller-than-average seed size in Maharashtra, a major Soybean area, the report said.

According to farmer sources in Saurashtra, a disease ‘alternaria blight’ has affected in selected areas of Rajkot and Jamnagar districts were Jeera (Cumin seed) is cultivated . At present it appears to be a minor issue at selected few farms as no widespread incidence is reported. Climatic fluctuations coupled with isolated instances of disease has become a cause of concern for the Jeera farmers in Gujarat. Farmers, fearing the spread of the blight, were forced to destroy the crop, which couldn’t face the temperature fluctuations over the past one month. Sources confirmed that multiple instances surfaced, where Jeera farmers reportedly destroyed their crop suspecting the disease.

Guntur, Asia’s largest Chilli market is all set to adopt the Electronic National Agricultural Marketing (eNam) system from this season. With this, the traders would have the option of choosing the produce across the 23 markets in the State. And, the farmers would have the choice of either accepting or rejecting the bids for their produce. So far, 3.5 lakh farmers have registered themselves in the State. The farmers who bring their produce to the local markets will be given a unique ID. The produce will be given a Lot ID on the auction floor. Details of the produce, such as quality parameters and price, are then uploaded in the portal.

Economic News

Due to a bumper crop, wholesale prices of tomato in Madhya Pradesh have plummeted to as low as Rs 2 per kg, from Rs 30 in October, farmers said. Yogesh Septa, a farmer from Raipuria village in Petlawad area of Jhabua district, a major tomato-producing region, said, "We are getting on average Rs 2 per kilogram of tomatoes in wholesale markets. We won't recover even the production and harvesting cost at this price." The wholesale price was between Rs 20 to Rs 30 per kg in October, but it fell due to a sudden bumper crop this month, he said. Farmers' organisations have demanded that the state government take steps to protect the interests of tomato-producer farmers. Farmers' organisations have demanded that the state government take steps to protect the interests of tomato-producer farmers. Madhya Pradesh Kisan Sena secretary Jagdish Rawalia said there was a shortage of facilities such as cold storages and processing units.

The Centre will consult state governments early next month to set up a mechanism for protecting farmers' income when market prices fall below the minimum support price (MSP), Agriculture Secretary S K Pattanayak said today. A model law is also being prepared to ensure tenant cultivators get institutional credit and interest subsidy, he added. "We will call a meeting of state governments early next month to discuss a mechanism so that farmers get MSP," Pattanayak told PTI on the sidelines of a conference on food security organised by the Vivekanand International Foundation. Stating that the Centre is open to all suggestions from stakeholders, he said the ministry is studying the model adopted by Madhya Pradesh and Telangana governments. While Madhya Pradesh is paying farmers the difference between the MSP and the market price, Telangana government will offer fixed amount to farmers per acre of land.


1) Govt to prepare roadmap for doubling farmers income by 2022
2) Govt mulls Rs 15K cr scheme to ensure MSP for farmers
3)Tomato prices in MP fall from Rs 30/kg in Oct to Rs 2/kg
4)Centre, states to discuss how to ensure MSP for farmers
5) Govt sees huge potential for organic farming in A&N islands
6) First rain brings joy in Darjeeling and Himalayan foothills tea belt
7) Farmers across India need different solutions, says President
8) Maharashtra announces Rs 200 cr aid for hail-hit farmers
9) View: Modi's farmer-saving plan could turn out to be sheer economic and political folly
10) Food processing ministry begins work on Operation Greens
11) Tea growers demanded renegotiation of ASEAN– India FTA agreement

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News Release: Epic Research Weekly Agri Commodity Report 19 FEBRUARY 2018
Submitted on: February 19, 2018 05:59:34 AM
Submitted by: EpicResearch
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