Siraj Hussain says preliminary assessment of the impact of this monsoon shows that paddy, pulses, oilseeds and sugar cane crops may have been adversely impacted in some regions
The Indian food processing industry played an important role during Covid-19, former secretary of Food Precessing Industry Siraj Hussain, said.
Under the scheme, the government has been distributing additional, free-of-cost foodgrains to around 800 million National Food Security Act beneficiaries to mitigate the hardships faced by the poor after the outbreak of COVID-19.
In an interview to CNBC-TV18's Manisha Gupta, Siraj Hussain, Former Agriculture Secretary shared his views and outlook on the agriculture sector.
Although demonetisation may seem like a shock for the agricultural society, Hussain says the yields may remain unchanged due to this Narendra Modi decision. The yield will instead depend on the weather.
Government agency Small Farmers' Agribusiness Consortium (SFAC) has invited bids to hire a strategic partner to set up an online platform for the proposed national agriculture market that seeks to integrate 585 wholesale markets across India.
Consumer Affairs Secretary C Viswanath, senior MMTC and SFAC officials were present. "The committee has approved the offer for import of 1,000 tonnes of onion at USD 685 per tonne (Rs 45/kg)," Agriculture Additional Secretary Avinash K Srivastava told reporters after the meeting.
Onion prices are on rise due to mismatch in supply and demand. For instance, retail prices of onion in the national capital have gone up to Rs 60 per kg. A similar trend prevails in other parts of the country.
Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.