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October 20 Background India is known as the "Land of Spices" for good reason. It grows, uses, and sells more spices than any other country. Spices like chili, turmeric, and cumin add flavor to food worldwide, and India's industry is huge. Spices have been part of India's story for over 5,000 years. Ancient texts like the Vedas mention spices like turmeric and black pepper. India was the center of the global spice trade, attracting explorers like Vasco da Gama in 1498, who came for black pepper from Kerala. European powers set up...
August 31 Key Highlights In 2024, the Philippines imported agricultural products worth about USD 20 billion, with staples like semi-milled rice, wheat, oilcake, food preparations, and palm oil among the top imports. India contributed approximately USD 413 million in agri-product exports to the Philippines, making up just 2% of the country's total agricultural imports. Major exports included bovine meat, groundnut, rice, and tobacco. It shows huge untapped opportunity in rice exports. The Philippines imported USD...
August 26 WHAT? The PM Dhan-Dhaanya Krishi Yojana (PMDDKY) is a newly approved six-year agricultural program (starting FY 2025-26) that converges 36 existing central schemes across 11 departments, along with state schemes, to enhance productivity and sustainability in 100 low-performing districts across India. The PM Dhan-Dhanya Krishi Yojana to strengthen small and marginal farmers. Its focus is on storage, irrigation, affordable loans, and sustainable farming. The government claims that this will increase farmers' income and...
June 29 WHAT? Bhadradri Millet Magic refers to a brand of millet-based biscuits produced by the Srirama Joint Liability Group, a women’s Self-Help Group in Bhadrachalam, Telangana. These women, once agricultural laborers, have transitioned to producing healthy snacks made from millets like ragi and jowar, using natural ingredients such as butter, ghee, and jaggery, without artificial preservatives. The biscuits are sold locally in Kothagudem and Bhadrachalam, with plans to expand to Khammam, and have gained...
June 02 SUMMARY A recent report by the People Research on India’s Consumer Economy (PRICE), titled “Reimagining Annadata Households and Their Livelihoods Beyond the Farm”, reveals that while 42.4% of rural Indian households earn some income from agriculture, only 20.7% are fully dependent on it. Key Findings Diversified Income Sources: Many agricultural households supplement their income through non-farming activities. On average, 33% of their income comes from sources like...
June 16 WHAT International Grains Council (IGC) is an inter-governmental organisation that administers the Grains Trade Convention (GTC). Grains Trade Convention is the only international treaty covering trade in grains, rice and oilseeds trade. The International Grains Agreement (IGA) is an international agreement focused on the grain trade which replaced the International Wheat Agreement (1995). IGA comprises of a Grains Trade Convention (GTC) and a Food Aid Convention (FAC). The IGA is administered by...
June 10 Rashtriya Krishi Vikas Yojana (RKVY) was launched under the Department of Agriculture & Co-operation (DAC), Ministry of Agriculture, Govt of India from 2007-08 with an aim to achieve 4% annual growth in the agriculture sector during the XIth Plan period. The scheme was later rebranded as Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RAFTAAR) to be implemented for three years till 2019-20 with a budget allocation of Rs 15,722 crore. The scheme facilitated...
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