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Farmers to partially benefit from MSP fixed at 1.5x of production cost: India Ratings & Research
The current problem faced by farmers is essentially an agricultural distress and not a generalised rural distress, and farmers distress is essentially emanating from shrinking agricultural margins, says India Ratings and Research (Ind-Ra).

Indias rice exports set to ease as govt raises buying price
Indias rice exports are set to ease from October as the worlds biggest shipper of the grain boosts guaranteed prices that farmers receive for much of their crop, making new season cargoes expensive compared to supply from rival growers. Lower exports would mean that India loses market share in key Asian and African markets, traders and industry sources said, with exports from countries such as Thailand, Vietnam and Myanmar likely to fill any gaps.

Niti Aayog wants states to promote zero budget natural farming
NITI Aayog vice-chairman Rajiv Kumar today made a case for promoting Zero Budget Natural Farming (ZBNF)in states, saying it would help in doubling farmers income by 2022. Under ZBNF, neither fertiliser nor pesticide is used and only 10 per cent of water is to be used for irrigationNSE -5.48 % as compare to traditional farming technique. Farmers use only local seeds and produce their own seeds.

MSP hike to boost farm income, spur growth: Assocham
The governments decision to hike the minimum support price (MSP) for 14 khariff crops would boost farmers income, resulting in a huge rural demand push to the Indian economy, industry body Assocham said. Last week, the BJP-led government increased the MSP for paddy by a record Rs 200 per quintal that will cost the exchequer over Rs 15,000 crore, and help fulfil its poll promise to give farmers 50 per cent more than their cost of production.

Active participation lifts tea prices at Kochi auction
Active participation of blenders lifted prices of good liquoring tea varieties at Kochi auctions. The market for good liquoring teas in CTC dust was firm to dearer by Rs 2 to Rs 3 and more as the sale progressed. The quantity on offer in sale no 28 was 10,13,500 kg. Upcountry buyers lent fair support and exporters operated with lower limits, the auctioneers Forbes, Ewar& Figgis said