Agri Picks Report August 13, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Prime Minister Narendra Modi released 109 high-yielding, climate-resilient, and bio-fortified seed varieties of crops at the India Agricultural Research Institute, according to an agriculture ministry release. Of the 109 varieties of 61 crops, 34 were field crops and 27 horticultural crops, the release said. Amongst the field crops, seeds of millets, forage crops, oilseeds, pulses, sugarcane, cotton, fibre, and other potential crops were released by Modi on Sunday. In horticulture, different varieties of fruits, vegetable crops, plantation crops, tuber crops, spices, flowers and medicinal crops were released. Presenting the Budget for 2024-25 (Apr-Mar), on Jul 23, Finance Minister Nirmala Sitharaman had said 109 high-yielding and climate-resilient varieties of 32 crops will be released for cultivation. Experts from Krishi Vigyan Kendras, the Indian Council of Agricultural Research, and state agricultural universities should proactively inform farmers about the benefits of the new varieties, Modi said. Agriculture Minister Shivraj Singh Chouhan said farmers will receive seeds from all 109 varieties within three years. The seed varieties will help farmers increase production and profits while spending less, as the seeds are high-yielding even in adverse weather, Chouhan said. The developed seed varieties are rich in nutrition and are the best example of lab to land, he added. Last Monday, Chauhan announced an outlay of 68 bln rupees for the national mission on edible oilseeds, which aims to achieve self-sufficiency in edible oil. The focus is on developing climate-resilient villages, expanding micro-irrigation, and restoring traditional crop varieties, he said.

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13082024 - co