Connect with:
Thursday / November 7. 2024

logo
mobile-logo
HomePosts Tagged "pandemic"
Inputs

The global agriculture equipment market is expected to grow from $163.4 billion in 2021 to $295.3 billion by 2030, at a CAGR of 6.8 per cent during the forecast period 2022-2030

As per the report published by The Brainy Insights, the global agriculture equipment market is expected to grow from $163.4 billion in 2021 to $295.3 billion by 2030, at a CAGR of 6.8 per cent during the forecast period 2022-2030.

Agriculture equipment is a must for farming these days as there is a shortage of labour and the labour-intensive works from land development to harvesting and threshing need to be done by machinery.

One of the major restraints of the agriculture equipment market is the lack of skilled labour for operating the technologically advanced equipment. Several farmers are reluctant on purchasing these equipment as they don’t have the proper skill for using this equipment. This is restraining the growth of the market.

There are several organisations and government bodies which are providing loan to farmers at low-interest rates or at no interest rates which is an opportunity for the growth of the market. The outbreak of the Covid-19 pandemic affected the market growth as several manufacturing units shut down which resulted in a shortage of raw materials and components and delayed production of the agriculture equipment.

The global agriculture equipment market is expected

Agro chems – Fertilizers, North America

USDA will make available $250 million through a new grant programme this summer to support independent, innovative and sustainable American fertiliser production to supply American farmers

The US Department of Agriculture (USDA) is announcing it will support additional fertiliser production for American farmers to address rising costs, including the impact of Putin’s price hike on farmers, and spur competition.

USDA will make available $250 million through a new grant programme this summer to support independent, innovative and sustainable American fertiliser production to supply American farmers. Additionally, to address growing competition concerns in the agricultural supply chain, USDA will launch a public inquiry seeking information regarding seeds and agricultural inputs, fertiliser, and retail markets.

“Recent supply chain disruptions from the global pandemic to Putin’s unprovoked war against Ukraine have shown just how important it is to invest in this crucial link in the agricultural supply chain here at home,” said Agriculture Secretary Tom Vilsack.

Fertiliser prices have more than doubled since last year due to many factors including Putin’s price hike, a limited supply of the relevant minerals and high energy costs, high global demand and agricultural commodity prices, reliance on fertiliser imports, and lack of competition in the fertiliser industry.

The new programme will support fertiliser production that is:

  • Independent;
  • Made in America;
  • Innovative;
  • Sustainable;
  • Farmer-focused

Secretary Vilsack said, “As I talk to farmers, ranchers and agriculture and food companies about the recent market challenges, I hear significant concerns about whether large companies along the supply chain are taking advantage of the situation by increasing profits—not just responding to supply and demand or passing along the costs.”

USDA will make available $250 million through

AgroPolicy, Trade

The export of maize increased nearly six-fold, taking the total value of shipment to $1593.73 million in the last three years despite logistical challenges posed by the COVID-19 pandemic outbreak

The export of maize has touched $816.31 million in the first ten months of current fiscal 2021-22 (April-January), already exceeding the $634.85 million achieved during the last financial year.

From an exports realisation of $142.8 million in 2019-20, the export of maize increased nearly six-fold, taking the total value of shipment to $1593.73 million in the last three years despite logistical challenges posed by the COVID-19 pandemic outbreak.

“The significant rise in agri-exports is seen as a testimony of the government’s commitment to increase farmers’ income through creating requisite infrastructure and improving value chains on boosting exports of agricultural and processed food products,” Dr M Angamuthu, Chairman, APEDA said.

Neighbouring countries like Bangladesh and Nepal are the major importers of maize from India. Bangladesh has imported maize worth $345.5 million in the current fiscal (April-January), while Nepal has imported maize worth $132.16 million during this period.

With initiatives of the Ministry of Commerce & Industry to explore and diversify new markets, Vietnam has emerged as a major destination for export of maize. India exported maize worth $244.24 million to Vietnam in the first ten months of current fiscal (April-January 2021-22). Other prominent importing countries are Malaysia, Myanmar, Sri Lanka, Bhutan, Taiwan, Oman, etc.

The export of maize increased nearly six-fold,