AGP Executive Report
Last update: 2 hours agoIndia’s Farm Outlook: Tractor dispatches fell 18.1% year on year in September to 119,667, while retail registrations rose 13.8%. A monsoon about 13% below normal and El Niño risks cloud rural demand, though inventory adjustments and last year’s tax changes complicate comparisons. Drought and Crops: Kashmir farmers are replacing paddy with more profitable apple orchards, raising concerns about rice supplies and water use. Maharashtra’s ₹5,000 drought aid drew criticism as inadequate. Ethanol Policy: Distillers’ group AIDA wants higher prices for maize- and surplus-rice-based ethanol after the maize incentive was cut to ₹2.79 a litre, warning that current rates threaten grain-based plants’ viability. Trade: India notified its first New Zealand FTA tariff cuts ahead of the pact’s October 20 start, including zero duty on specified sheep meat imports. Regional Cooperation: China and Uzbekistan pledged to deepen cooperation in modern agriculture, alongside energy and AI.
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