AgBank: insurers, ag firms buy into strategic placement

July 5 (Reuters) – Agricultural Bank of China, which is conducting a roughly $20 billion initial public offering, said on Monday that big insurance firms and leading agricultural companies are among the investors that have bought into its A-share strategic share placement.

AgBank President Zhang Yun told Chinese retail investors during an online roadshow that AgBank has not introduced strategic investors for the Shanghai portion of its dual Hong Kong-Shanghai IPO, but that some companies had participated in a strategic share placement.

“These companies have leading positions in their industries, such as major insurance companies, leading enterprises, and leading agriculture-related companies,” Zhang said.

He did not name the firms.

AgBank, [ABC.UL] (AgBank), the last of China’s “big four” banks to go public, is selling shares in Shanghai and Hong Kong to raise as much as $23 billion in what could be the world’s biggest IPO, as the lender seeks to replenish capital and drive growth. ($1=6.7743 Yuan) (Reporting by Samuel Shen and Jason Subler; Editing by Jacqueline Wong)

BOJ sets 3 trln yen cap for new loan scheme

June 15 (Reuters) – The Bank of Japan said on Tuesday it will lend up to 3 trillion yen ($33 billion) to commercial banks in a new loan scheme aimed at redirecting money to industries with growth potential.

The central bank aims to begin lending under the new scheme from August, and will accept applications from banks once a quarter until March 2012.

The BOJ said it will target loans to 18 industries including those related to environment and energy businesses, medicine and agriculture.

The BOJ kept its policy rate unchanged at 0.1 percent in a unanimous vote as widely expected.

BOJ Governor Masaaki Shirakawa will hold an embargoed news conference, with his comments expected to come out sometime after 4:15 p.m. (0715 GMT).

The BOJ last month outlined the new loan programme, under which it will offer one-year loans at 0.1 percent interest to banks that will fund projects in industries with growth potential.

It has since then been working out the details of the scheme, such as a cap on total lending and the deadline for application by banks. (Reporting by Leika Kihara)

Industrial growth touches 17.6 percent

New Delhi, June 11 (ANI): Finance Minister Pranab Mukherjee said here today that industrial sector registered 17.6 percent growth for the period ending in April.

“17.6 is quite encouraging, and touchwood if the monsoon keeps its date then it would be possible for us to reach the growth agriculture, and industrial manufacturing and service sector is also having a momentum that would have a very positive impact on the overall growth scenario,” said Mukherjee.

Mukherjee added that he would have been much happier if the figures would have reached 20%.

The industrial output grew at a much stronger-than-expected pace in April, reinforcing expectations the Reserve Bank will lift rates for the third time this year at a policy review late next month.

Industrial output rose 17.6 percent in April from a year earlier, the strongest since December 2009, helped by buoyant domestic consumer demand, a revival in exports, and higher infrastructure spending, the statistics showed on Friday. (ANI)

Agricultural Sciences taught in Bihar school

Bakhtiyarpur (Bihar), May 21 (ANI): Students at a government-run school in Bihar”s Bakhtiyarpur town are being taught Agricultural Sciences as a subject, to revive the interest of youngsters towards farming.

Apart from conventional education, the students in the age group of 10-15 years are getting exposed to various facets of agriculture at a young age, which they are enthusiastically putting into practice in their own backyards as well.

“Earlier, we didn”t know anything about how the green vegetables and rice are grown. But in this school, our teachers taught us how to do farming and grow green vegetables. We gained immense knowledge about agriculture,” said Chandani Kumari, a student.

“We use this knowledge at home as well and we grow vegetables on the roof of our school building as well,” she added.

Shivram Sharma, Principal of the Sabnima Middle School, said the initiative would prepare youngsters to take up farming as a profession.

“Increasing population and decrease in agricultural knowledge will result in the problem of crop deficit in future. So, to prevent this situation we are teaching students about scientific farming,” said Sharma. (ANI)

Hailstones damage mango crop in Maharashtra

Aurangabad, May 6 (ANI): Farmers are lamenting the damage to their mango crops in various regions of Maharashtra due to hailstones and early rainfall.

Every year Aurangabad district exports around 70 tons of Kesar Mangoes to USA.
But earlier this week, due to hailstorms and unexpected rainfall, the mangoes have been damaged, and developed holes and bruises.

“Almost all the mango crops in this area have been affected by rain and hailstones. Some officials from the agriculture and revenue department came to inspect the crops,” said Vinayak Pathrikar, mango farmer.

The farmers fear that they will not be able to meet the export targets.

“The quality of the mango crops has now deteriorated for the purpose of export. That is why this year we won”t be able to achieve the export targets. Especially in Gangapur…and Aurangabad, hailstorms have damaged the crops to a large extent, especially the Kesar mango crops,” said Trayambak Pathrikar, Secretary, Mango Growers Association, Aurangabad.

Farmers receive Rs 70,000-75, 000 for every ton of mangoes exported to the US, and make an annual profit of Rs 4.5 million.

Kesar Mango has a unique sweet taste and is characterized by its golden colour with green overtones. The fruit is slightly smaller compared to the Alphonso variety. (ANI)

Food inflation to decline in coming months: Mukherjee

New Delhi, Apr 29 (ANI): Finance Minister Pranab Mukherjee has said that despite the country being worried about high inflation, there are indications of a cooling off in high food prices that have been driving it.

“What is the most worrisome feature of the economy is the inflation, which agitates the entire house and the people outside the house. I share the concern of honourable members,” said Mukherjee, while speaking in the Lok Sabha on Wednesday.

Mukherjee mentioned that the inflation would ease in the next few months on indications of a good monsoon.

“Indications of softening of the food inflation are clearly visible. There has been a significant decline from the peak food inflation of over 20 percent recorded in December 2009 to 17.7 percent in March 2010,” said Mukherjee.

“The inflation in essential commodities also declined from the peak 23.8 percent in January 2010 to 19.8 percent in March 2010, it is expected that the decline would continue in the recent (sic) months uninterruptedly,” he added.

Mukherjee further said the recent moves by the country”s central bank – the Reserve Bank of India (RBI) to tighten monetary policy should anchor inflationary expectations, adding that the buoyed by predictions of normal monsoon and better economic conditions, the economy is expected to reach 9 percent mark by 2011-2012.

“Going by these indications and considerations that agriculture has a set back in 2009-2010. Indian economy is expected to go around 8.5 percent during 2010-2011 and to reach 9 percent mark in 2011-2012,” said Mukherjee.

Annual wholesale price inflation in March touched a 17-month high of 9.90 percent, prompting the RBI to raise rates in April, its second such move in as many months. (ANI)

Govt support sought for crop insurance trial

The Member for the South-West region is calling on the support of the Minister for Agriculture for a crop insurance program in Western Australia.

Nigel Hallett says WA wheat farmers currently have no way of protecting themselves against uncontrollable natural risks.

Crop insurance is already commonplace in the United States and Europe, where farmers can insure produce against natural risks such as drought, disease, flood, frost and fire.

Mr Hallett says federal support is needed so a United States company can trial the program in WA.

“They certainly want to trial it in Western Australia first and make sure it’s sustainable and they’ve got it right. We have the tick-off from the United States to keep proceeding and I think what we need today is support from the Federal Government,” he said.

The Minister for Agriculture, Terry Redman, says he does not support government underwriting of crop insurance programs.

“It has to be self-funded and there are a number of commercial instruments out there now that farmers can used to reduce risk. If we were to underwrite something then you can actually undermine some of those instruments that are there now,” he said.

Locust control takes to the skies

The Australian Plague Locust Commission expects to begin aerial control of locusts in the next week.

Ground control by landholders and other agencies is also expected.

The commission says the current population represents a significant threat to agriculture in more than one state.

It says the highest intensity of egg laying has occurred in the Tibooburra to Wanaaring area, with hatchings recorded last month.

It is expected many hopper bands will develop in far west New South Wales and may even be found in South Australia.

Raid uncovers illegal workers

Immigration officials have detained more illegal workers near Mildura, in north-west Victoria, after swooping on properties yesterday.

Officers visited a caravan park and house at Irymple, detaining 14 people working in agriculture. They were found only five weeks after immigration officials detained 10 other illegal workers in the region.

Ten of those detained yesterday were unlawful non-citizens and another four were working in breach of their visa conditions.

The 10 men and four women are from Malaysia, India and Singapore.

All are now in detention for further interview, pending their removal from Australia.

Investigations into the circumstances of their employment are continuing.

Inquiry considers population policy need

An independent inquiry into whether Queensland needs a population policy will sit for the first time today.

The Local Government Association of Queensland (LGAQ) is funding the inquiry and public submissions will be heard in Dalby on the western Darling Downs.

The LGAQ’s Greg Hallam says Dalby is at the centre of a mining boom and the population on the Western Downs is expected to increase over the next few years.

“So it’s an opportunity for the three public inquiry commissioners to hear first-hand all the sorts of issues, the good and bad things that population growth is bringing to the Western Downs and south-west area of Queensland,” he said.

Mr Hallam says a report will be presented to the state and federal governments later this year.

“We really encourage everyone in the Western Downs, Darling Downs and south-west Queensland to put first-hand their aspirations for their area,” he said.

“Their views about how much growth is appropriate, the sort of growth, whether it be mining versus agriculture, the sorts of pressure it might bring to bear on the cost of housing and the cost of goods and services.”

Sharad Pawar says end of season rains will help winter crops

New Delhi, Sep 18 (ANI): Agriculture Minister Sharad Pawar has said that late end-season rains will help India’s winter crops.

Talking to reporters here on Thursday, Pawar said, “It’s true that because paddy area transplantation has been dropped, but the late rains are very helpful particularly for Punjab, Haryana, Orissa and Chhattisgarh.”

“There would not be any pressure on food grains supply, as the stock position was good,” Pawar added.

Meteorological Department has said that since June 1, monsoon rains have been 20 percent below normal and heavy showers in the past week have reduced the total seasonal deficit by three percentage points.

Met department said the country can expect heavy rains for at least another week, but the withdrawal of the monsoon, which usually begins to wind down in early September, would be delayed.

A surge in food prices unexpectedly pushed the annual change in India’s wholesale price index into positive for the first time since late May, putting pressure on the central bank to bring forward an exit from its easy monetary policy.

The annualised wholesale price index rose by an unexpected 0.12 percent in the year to September 5, compared with the previous week’s 0.12 percent fall and analysts’ forecast of a 0.08 percent decline.

The food articles sub-index rose an annual 15.4 percent, up from the previous week’s 14.8 percent rise, as a dry spell hit nearly half of India’s districts, hurting summer crops and prompting the government to take steps to raise supplies. (ANI)

EU supported urban agricultural market popular in Kerala

Maradu (Kerala), Sept 18 (ANI): Agricultural Urban Wholesale Market at Maradu in Kerala has become popular among residents and farmers alike.

Fresh and cheap agricultural products are available here and the farmers have the storing, testing and other facilities.

The market is run by the Kerala Government and is financially aided by the European Union (EU). Fresh fruits, vegetables, spice and other agriculture produces are sold in the market.

The place is attracting hordes of customers, as the prices of products are cheaper compared to other shops.

“Most of the products sold in this market are fresh and of a good quality. Earlier, I used to go to main market. But this place is cheap, easy and products come directly from the farms as compared to other shops,” said Sebastian, a customer.

The setting up of warehousing, packaging and marine testing units for frozen or dried fish, vegetables and fruits at the Urban Market are some of the facilities available to farmers.

Prices are low since the farmers directly supply their produce in this market and own shops.

“Compared to other markets here, the prices are low as we have no labour cost involved During festival and other occasions, sellers used to charge high but here prices always remain low because we ourselves produce and later sell and for customers,” said Saji Kumar, a farmer and a shop owner.

Recently, various programmes and exhibitions have been introduced with the help of the State Government and horticulture mission to make the market more farmer-friendly.

The market was set up to improve the marketing infrastructure and enabling farmers to get a better price for their produce.

The market is developed at an area of 46 acres that can handle more than 2,500 tons of produce.

Facilities such as internet access enable the farmers keep track of the daily prices, Agmark certification for the produce is also available at the Agmark Testing Laboratory functioning at the market. By Juhan Samuel (ANI)

Workshop on use of textiles in agriculture to begin today

New Delhi, Sept 18 (ANI): The Ministry of Textiles and the Federation of Indian Chambers of Commerce and Industry (FICCI) will jointly organise a workshop on use of textiles in agriculture here today.

Over 100 delegates from various sectors like agriculture, the State Governments, agricultural universities, forest departments and institutes will attend the workshop.

The technical textiles are used in agriculture to fabricate shade-nets, crop-covers, mulch-nets, anti-hail nets, bird protection nets, fishing nets and greenhouse covers. The use of these items is very limited in the context of Indian agriculture.

The objective of the workshop is to sensitize stakeholders about myriad applications of technical textiles in agriculture and environmental engineering.

It will also create awareness amongst the stakeholders about the benefits of these items.

The workshop will also focus on various rules/legislations that need to be amended to facilitate the use of these textiles in various applications.

Technical textiles products used in the agriculture are known as Agrotech and those used for environmental protection are called Oekotech.

The major applications of Oekotech are for landfill waste management. It includes products used to prevent leakage of municipal or hazardous waste in landfills and suitable use of waste.

The consumption of these technical textiles products remains limited despite their perceived benefits.

With rapid urbanisation, the waste management has become major issue in India and Oekotech applications provide an effective way of managing the waste in an environment friendly manner. (ANI)

Musharraf power theft scandal case: Low level workers punished

Islamabad, Sep 17 (ANI): The Islamabad Electric Supply Company (Iesco) has only punished 64 junior officers for their involvement in the power theft scandal involving former President Pervez Musharraf, Shaukat Aziz and others in the luxurious Chak Shahzad farmhouses.

The big guns in the electricity department have not even been touched, according to well-placed sources.

The list of punished employees includes 35-meter readers, 14 line superintendents and 15 sub-divisional officers, The News reports.

Sources said these personnel were those who had to implement the orders of the higher-ups and no high-ranking official has been touched in the order passed by Iesco on 10-9-2009.

The official spokesman for Iesco, Ameer Hussain Chaman, when asked about the punishment, said he was not aware of any such punishments.

“I have not been conveyed any such details, therefore, I cannot offer any comment over the issue,” he added.

Sources said Colonel Umer Hayat was conducting the inquiry and on 9-9-2009 his tenure was completed and on 10-09-2009 these personnel were punished.

They say that in this power-theft scandal the higher-ups passed all the orders and the junior officers had no option, but to obey the orders.

It is worth mentioning here that Musharraf had constructed a modern house on the farm obtained for breeding poultry and vegetables, but the ex-general has been enjoying the cheapest power tariff, D-2(1) connection, which is meant for agriculture tube wells and lift irrigation pumps. (ANI)

President Patil condoles passing away of Dr. Norman Boralaug

New Delhi, Sep.13 (ANI): President Pratibha Devisingh Patil on Monday condoled the passing away of Nobel Laureate Dr. Norman Borlaug.

“With the passing away of Dr. Norman Borlaug, an era has ended, in which he spearheaded a scientific revolution in agriculture. At a time in the sixties when the country was facing the spectre of severe food shortages, the introduction of Dr. Borlaug’s high yielding varieties of seeds set in motion a technological revolution in Indian agriculture that led eventually to the country achieving self-sufficiency in food grains_ The Green Revolution lifted the spirits of the Indian people and gave them new hope and confidence in their ability to tackle the country’s daunting economic challenges,” said President Patil in her condolence message on Monday.

“Dr. Borlaug’s impact on India ‘s science and economy went much beyond the Green Revolution. A science-based approach to the problems of agriculture was a fundamental tenet of his thinking and the success of the Green Revolution spawned other successful interventions in areas such as animal husbandry, dairying and agriculture. Dr. Norman Borlaug’s life and achievements are testimony to the far reaching contribution that one man’s towering intellect, persistence and scientific vision can make to human peace and progress,” the message stated.

“One of Dr. Borlaug’s favourite quotations was to ‘reach for the stars’. In doing so, Dr. Borlaug helped millions of people escape from a life of hunger and deprivation,” the message further added. (ANI)

Saving the historical monuments to preserve cultural heritage of Punjab

Amritsar, Sep.10 (ANI): An endeavour is underway to preserve various heritage buildings of Punjab State in a bid to treasure the cultural heritage including historical monuments, which can help in boosting tourism in Punjab.

The palaces and Havelis across Punjab bespeak glorious heritage. These historically important buildings include religious places belonging to different faiths and can attract tourists to Punjab.

The Sheesh Mahal and Qila Mubarak at Patiala, Maharaja Ranjit Singh’s summer palace at Amritsar or ancestral home of Shaheed Bhagat Singh at Khatkar Kalan – they are important sites that need to be preserved for the coming generations.

“Every community, society has a very precious heritage which has to be and can be transferred to the next generation and this is the responsibility of any civil society to transfer that heritage to the coming generation if you don’t perform that duty, that is a sin, that’s crime,” said Dr. Sukhdev Singh, Punjab State convener, Indian National Trust For Art and Cultural Heritage (INTACH).

To spread awareness about preservation of these heritage sites, the Indian National Trust for Art and Cultural Heritage recently organized a workshop on the theme ‘Cultural Heritage and Media’ in Amritsar.

The event highlighted the fact that popularizing existing heritage buildings and protecting sites of cultural importance, presently in ruins due to negligence and development activities, ought to be the main priority.

There were proposals to convert heritage sites into museums and heritage hotels for tourists to get a glimpse of Punjab’s rich cultural heritage.

It was suggested that the restored monuments could be commercially used on public-private partnership basis.

“Nuclear families have become more common than joint families and it has resulted in a big change in the whole system. Like in our system, the kids are taught to respect elders and follow the path of honesty. People get equal share in all institutions like in home, office and agriculture but today they are aware of especially one aspect of their lives,” said Paramjeet Singh , Prof. Of Architechture, Gurunanak University, Amritsar.

“There is a significant relation between tourism and the heritage sites because some tourists surely have some interest in what’s the history of people and what’s the culture of people. They don’t come here just to see the huge marble buildings. They don’t want to see the modern architecture, which infact is mostly western, they come here to know about the past of this place, so it surely encourages tourism,” said Dr. Sukhdev Singh.

Amritsar is the heritage city of Punjab. The city is known globally for the revered Golden Temple, one of the pilgrimage centers, which stands intact and was built nearly 400 years ago.

The heritage tour in Amritsar remains incomplete without visiting the old city, known for its traditional market and centuries old residential houses.

Be it the historic Jallianwala Bagh or the Summer Palace, the royal residence of Maharaja Ranjit Singh, they take every visitor here to the era they stand testimony of. By Ravinder Singh Robin (ANI)

Cooperative factories must help in ensuring sugar availability: Pawar

New Delhi, Sep 10(ANI): Agriculture Minister Sharad Pawar on Thursday urged cooperative sugar factories to play a more pro-active role and shoulder the responsibility of importing more raw sugar, not only for better utilization of their processing capacity, but also to fulfill their obligation of providing adequate and affordable sugar to the nation.

Addressing the 50th Annual Meeting of the General Body of National Federation of Cooperative Sugar Factories Ltd. here, Pawar said the government has already taken steps to assist sugar factories to further help sugarcane farmers to improve productivity as well as sucrose content in sugarcane by way of soft loans at four per cent per annum from SDF.

Pawar said that in view of the significant drop in sugarcane production, there isn’t for increasing sugarcane producing area immediately. The Central Government has also decided to give a one time short term loan assistance from SDF at four per cent per annum for the purchase of inputs like seed, fertilizers and pesticides.

“The loan given to the sugar factories has to be passed on to the farmers at not more than four per cent interest in cash or kind, before March 31, 2010,” Pawar added.

Pawar also requested the delegates to assess their individual capability and capacity to pay during 2009-10 sugar season and give remunerative price to the farmers, keeping in view the long term requirement of sugarcane.

This will encourage them to increase acreage under sugarcane as well as invest more in the sugarcane crop by way of inputs like fertilizers and pesticides, he added.

Pawar further requested the sugar factories to utilize modernization and expansion loans before investing in projects for utilizing the by-products.

The minister also talked about two important aspects -increased availability of sugarcane by way of improvement in productivity as well as recovery of sugar and controlling the cyclical nature of the sugarcane and sugar economy- which need to be addressed not only by the Government, but also by the sugar factories as well as the sugarcane farmers.

Stating that the country is reeling under pressure of high sugar prices along with lack of availability of sugar, not only in the domestic market, but also in the international market, Pawar discussed some unprecedented steps taken by the Government to supplement the domestic production of sugar and also ensure availability of sugar to the more vulnerable sections of the society.

He expressed hope that these steps would not only increase availability of sugar in the market within September, 2009, especially during the festival season, but also have a positive impact in controlling the sugar prices. (ANI)

Authorities promote blackberry production among Uttarakhand farmers

Nainital, Sep 9 (ANI): In an initiative to promote European blackberry production in Uttarakhand, the state government have authorities distributed saplings of the fruit among farmers across the street.

Blackberry is not sown in the country, but the prospect of rich dividends from international markets has made the authorities and farmers to adapt to the fruit.

Sudhir Chaddha, agriculture specialist and director of Floriculture Park located in Chafi, said that the farmers in the country were at an advantage, as the fruit could be reaped two months in advance as compared to their European counterparts.

“Several European tourists when they visited India said that if we grow blackberries in India and send the frozen fruit to Europe it could be lucrative business, as the blackberries’ were not grown in Europe at that time,” Chaddha said.

“We grow blackberries two months in advance as compared to the farmers in Europe. This will be a great advantage for the blackberry farmers in India,” he added.

It is grown at an altitude of 2000-4000 feet. The fruit requires cold climate preferably less than 30 degrees centigrade for a healthy crop.

The best months for blackberry cultivation are February, March and April while the light soil is ideal for their cultivation. (ANI)

Rahul holds meeting with Congress activists, farmers in Thanjavur

Thanjavur (Tamil Nadu), Sep 9 (ANI): All India Congress Committee (AICC) General Secretary Rahul Gandhi, who is on a three-day visit to Tamil Nadu, visited Thanjavur on Wednesday and held meetings with Youth Congress activists and farmers.

Gandhi was welcomed by thousand of Congress supporters, who stood outside the venue, Kandha Saras Mahal, just to have a glimpse of the young leader.

“We are very happy to be a part of this meeting, which focuses on propagation of policies and programmes of the Congress party towards the youth. And the idea of this meeting is to further the ideology of the party,” said Swaminathan, Chairman of Municipal Corporation Committee.

However, his speech got a mixed response from the farmers who attended the meeting. They felt that Gandhi neglected the agriculture sector in his speech.

“The entire focus of Rahul’s speech was targeted towards strengthening of grassroots of the party in the state whereas his neglecting of farmers’ issues have disappointed us,” said Sundra Vimalanathan, a farmer.

It is believed that Gandhi is aiming to revitalise the Congress party in Tamil Nadu, where Dravida Munnettra Kazhagam (DMK) and All India Anna Dravida Munnetra Kazhagam (AIADMK) are the two major political players. (ANI)

Scientists use bacteria to make radioactive metals inert

Washington, September 9 (ANI): A team of scientists is researching the use of sulfate-reducing bacteria to convert toxic radioactive metal to inert substances, a much more economical solution.

The research is being done by Judy Wall, a biochemistry professor at the University of Missouri College of Agriculture, Food and Natural Resources.

The bacteria Wall is studying are bio-corrosives and can change the solubility of heavy metals.

They can take uranium and convert it to uraninite, a nearly insoluble substance that will sink to the bottom of a lake or stream.

Wall is looking into the bacteria’s water cleansing ability and how long the changed material would remain inert.

Wall’s research could also be beneficial to heavy metal pollution from storage tanks and industrial waste.

The bacteria are already present in more than 7,000 heavy metal contaminated sites, but they live in a specific range of oxygen and temperature, making them difficult to control.

“Our research must be done in the absence of air,” Wall said. “Obviously, none but the most committed – and stubborn – will work with them,” she added.

Even if an oxygen-tolerant strain were developed, there are still multiple factors that would make applying the bacteria challenging, and these microbes can contribute to massive iron corrosion.

“Knowledge of the way bacteria live in the environment, in microbial communities, is still in its infancy,” Wall said. “We just don’t know a lot about the communication systems among microbes,” she added.

Wall and researchers from the Lawrence Berkley National Laboratory in California are investigating the bacterium’s basic genetics and hope to determine its growth limits and activity in natural settings, including how to make its interactions with metals sustainable.

They have already identified a few genes that are critical to converting uranium. (ANI)