Govt to focus on setting up mini food processing units

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Govt to focus on setting up mini food processing units

The government is focussing on creating mini food processing units across the country to encourage farmers to produce high-quality farm output, Food Processing Industries Minister Sadhvi Niranjan Jyoti said in New Delhi on Tuesday. “There is a need to set up mini food processing units in large numbers as that would encourage farmers to produce […]

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Seven major ports post 3.24% growth during Apr-Sep

Seven major ports of the country, including Paradip, Chennai, Cochin and New Mangalore, recorded a growth rate of 3.24 percent during April-September 2017, an official statement said on Wednesday. The ports recording a growth of 3.24 percent together handled 326.4 MT cargo during the April-September 2017 period as against 316.1 MT handled during the corresponding […]

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India seeks permanent solution on food security: Prabhu at WTO

India has reiterated its call for a permanent solution to the food security issue at the World Trade Organisation at a WTO meet in Morocco’s Marrakesh, an official statement said on Wednesday. Commerce Minister Suresh Prabhu emphasised that a permanent solution on the issue of public stockholding for food security purposes must be a part […]

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Cotton prices rise as rains impact harvest, arrivals

Cotton prices have firmed up over the past few days after unexpected rains in the key growing regions of Maharashtra, Gujarat, Madhya Pradesh and Telangana and other States delayed the harvest of the fibre crop. Also, an increase in buying by millers, has contributed to the bullish trend in both the spot and futures markets. […]

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India to become largest milk producer in 2026: Report

The OECD-FAO Agricultural Outlook 2017-2026 said the world’s population will increase from 7.3 to 8.2 billion over the course of the next decade with India and Sub-Saharan Africa accounting for 56 per cent of total population growth. The report said that given their strong population growth, India and Sub-Saharan Africa will also drive a large […]

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IMF pares India’s FY18 growth forecast but sees it regaining ‘fastest-growing’ title in FY19

The International Monetary Fund (IMF) has pared India’s growth forecast for FY18, citing the lingering impact of demonetisation and disruption caused by the goods and services tax (GST) but expects a revival as structural reform bears fruit. That will help India win the title of fastest-growing economy back from China. The Indian economy will grow […]

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India opens bulk export of edible oils

In a major policy shift, the Modi Government on Monday opened up the exports of edible oils such as groundnut oil, soyabean oil, sesame oil and maize oil in bulk quantity. So far, export of edible oils was allowed under branded consumer packs of up to 5 kg. The latest move comes on the back […]

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India has the potential to become a global food factory, says Badal

Union Food Processing Minister Harsimrat Kaur Badal on Thursday said that the food processing sector is expected to see FDI investments worth $10 billion in the next 2-3 years. She also said that India has the potential to become a global food factory. Talking on the sidelines of the World Economic Forum, Badal said: There […]

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Sugar industry overestimated October output

India’s sugar output in October is likely to achieve only 40 per cent of the earlier assured quantity. Based on assurances from individual mills and extrapolating of non-responsive ones, the apex industry body had in August sent a written commitment to the Union ministry of food for 800,000 tonnes in October. To achieve this, mills […]

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Global cues lift soya

Improved global cues and scattered physical demand lifted oil prices marginally with soya refined quoted at Rs660-62 for 10 kg, while soya solvent ruled at Rs625-30 for 10 kg. Palm oil gained higher at Rs648, while cotton oil ruled at Rs610-12. Groundnut oil ruled stable at Rs870-900. Amid increased arrival, mustard seeds quoted at Rs4,400 […]

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