Agriculture Newsletter - October 15 to October 19, 2012
An impression has been created by some circles that the non-levy quota of 40 lac MT released by the Government for sale in the open market during the months of October and November, 2012 would get extended Suo Motu.
Govt to allow sugar exports under OGL for one more year
India reportedly plans to produce sugar surplus for a third year in a row and allows sugar exports under open general licence shceme (OGL) for one more year.
K.V. Thomas,Food Minster was quoted as saying that the decision will be effective when the government issues a formal order. India will soon take a decision on the recommendation made by an expert panel over lifting curbs on the sugar industry.
State Farms Corporation earns Rs. 581.8mn profit
The State Farms Corporation of India (SFCI) today presented a dividend cheque of Rs. 15.7mn to Agriculture and Food Processing Industries Minister,Sharad Pawar.
SFCI is one of the major seed producers in the public sector. It has been producing seed of various foodgrains, fibre, plantation and fruits crops. The Corporation is known for its quality seed production and has the market share of about 3% in the country. The seed is being supplied under schemes of Government of India, State Governments and also through dealers network. It has been earning profit constantly. In 2011-12 it earned a profit of Rs. 581.8mn (before tax).
Presently, the Corporation is managing five farms in the total area of 21908 ha. which are in the state of Rajasthan, Haryana and Karnataka. The Corporation is also managing production of seeds at growers’ field. During the year, 8.65 lakh qtls. of seed and 2.49 lakh sapling of horticultural crops were produced.
The Corporation has given major thrust to infrastructure development to maintain the quality and purity of seed. Massive expansion for introduction of micro irrigation system and establishment of modern seed processing plants were taken up to increase the seed production. Recently, a new technology of central pivot irrigation system was introduced, first time in India, for irrigating crops at its Rajasthan farms.
SFCI is also expanding its business in new activities such as utilizing of bio-mass for making feed blocks for feeding animals, utilization of bio-mass for power generation, venturing into warehousing business, fishery, consultancy and hiring business, processing and procurement etc.
Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd
Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd, is a commerce graduate. He possesses a Diploma in Marketing. In 1993 he joined his family's business as Marketing In charge. Combining this work experience with utilizing state-of-the-art technologies, he took the additional responsibility of production and allied fields. Under his inspiring leadership, the company's turnover increased from Rs120mn in 1993 to Rs800mn in 2000. In the year 2002, he came up with a new banner of Insecticides (India) Limited and has been pioneering sterling performance in the organization since then. From an initial turnover of Rs320mn, today the company is ready to exceed even the Rs2500mn mark.
Insecticides (India) Ltd. (IIL), is a BSE & NSE Listed Company and among India’s fast growing Agro-chemicals manufacturing company. The wide acceptability of IIL’s Tractor brand – its umbrella brand of agro products signifies the company’s deep connection with the farming community. The largest selling brands of IIL include Lethal, Victor, Thimet, Indan 4G, Hijack and Sharp. Out of these leading brands, Lethal brand was acquired in 2003. The company has also entered into Technical and marketing MoU with AMVAC Chemical Corporation USA to manufacture and market the product “Thimet,” which is one of the premier brands of the agro chemicals market. IIL recently acquired Monocil, which is also the most popular brand in its category. IIL has world class state of the art production facilities with latest and automatic machines. IIL also has technical synthesis plant to manufacture technical grade chemicals such as Imidacloprid, Acetamiprid, Dichlorovos, Lambdacyhalothrin, d-Trans Allethrin, Glyphosate, Butachlor and Thiamethoxam, providing the competitive edge by backward integration. Looking forward to increasing demand, this year IIL has already started production from its two new production units at Dahej and Udhampur respectively. The strength of IIL is its distribution network spreads throughout the country.
Replying to Anil Mascarenhas of IIFL, Rajesh Aggarwal says, “Statistically organic farming is giving below average results and also the quality for crop suffers. We would invest about Rs1bn in the next 2-3 years and as far as funding plan is concerned we are open and have not zeroed on any one.”
You say agriculturists do not know to use pesticides for better crop productivity. Tell us more about your experience.
There is no doubt that awareness of farmers in India is increasing, but I still feel that there is a long way to go. There is need for awareness among the farming community towards the safe and judicious use of agro chemicals. In the present times technology has moved by miles towards the green chemistry and new safer chemicals are coming in. We need to keep the farming community updated on these developments so that they can be benefited from these technologies.Read more…
Govt ask sugar mills to ensure release of entire quota for festive season
An impression has been created by some circles that the non-levy quota of 40 lac MT released by the Government for sale in the open market during the months of October and November, 2012 would get extended Suo Motu. It may be informed that the non-levy quota of 40lac MT has been released for the months of October and November, 2012, with a view to keep a check on rise in prices of sugar in the open market during the festival season.
The Government, vide its letter dated 5th October, 2012 has already conveyed to the sugar mills that Directorate of Sugar would be keeping a close watch on the sale and delivery/ dispatch of non-levy quota released for the months of October and November, 2012 and any action on the part of the sugar mills which is contrary to the spirit of the Release order would be dealt with swiftly and strongly.
The sugar mills are advised to not to act on presumptions and are forewarned that any action on part of sugar mills to curtail the sale, delivery/dispatch of non-levy sugar released for sale in the market during the months of October, 2012 and November, 2012 may lead to immediate conversion of unsold and undelivered/undispatched quantity of non-levy stock into levy stock.
Jain Irrigation Percentage of pledged promoters shares down to 10.26%
Sharad Pawar inaugurates ASEAN- India Agri Expo
India’s wheat scientists preparing to fight stem rust : reports
Rural Services: The next growth enabler for rural development
Domestic oilseeds & oil prices expected to increase: IMaCS
HDFC ERGO's weather insurance for Maharashtra farmers
LEMKEN GmbH & Co. KG enters India
Rice exports from Vietnam climbs to 6.02mn tons
Thomas seeks harmonization of best biz practices, global standards
Domestic market to be integrated for agriculture products: reports
Malaysian delegation calls on K.V. Thomas
A Malaysian delegation led by Datuk Seri Noh Bin Omar, Minister for Agriculture, Government of Malaysia called on Minister of Consumer Affairs, Food & Public Distribution, Prof. K.V. Thomas here today. Welcoming the Malaysian delegation, Prof. K.V. Thomas, referred to the excellent bilateral relations between the two countries and good cooperation and strategic partnership in different sectors.
During the talk Prof. Thomas reiterated Government of India’s commitment for trade and investment with Malaysia and said that Malaysia is a valuable and important economic partner. He added that in recent years our bilateral trade has flourished and it is highest ever on record.
Appreciating India’s initiatives for strengthening bilateral cooperation, Minister for Agriculture, Government of Malaysia highlighted the relation between India and Malaysia and its ever increasing quantum. He mentioned about his country’s desire to have more and more cooperation in the field of agriculture and investment by Malaysian Companies in the agriculture sector of India. He said that Malaysia wanted to have a separate ‘Government to Government’ agreement of cooperation with India in the agriculture sector.
Prof. Thomas said that at present India is exporting wheat, therefore in case the Malaysian Government wanted any Government to Government agreement between their Grain Purchasing Organizations and FCI, proposal would be welcomed. Minister for Agriculture, Govt. of Malaysia agreed that there could be a possibility of import of Indian wheat by the Government of Malaysia.
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India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.