Monday, December 29, 2008

Agriculture growth likely to stay at 4%: Sharad Pawar


Agriculture growth is set to remain stable at around 4% said Union minister for consumer affairs, food and public distribution Sharad
Pawar on the sidelines of a conference organised by commodity markets regulator, Forward Markets Commission in Mumbai.

Mr Pawar said, “All of you know we are in the midst of a difficult period. These are uncertain times.... We have to devise means and take steps to ensure that the impact on our economy and the market is minimum.” On agricultural
productivity, he said that wheat production in India was on course, and would be robust.

“The sugarcane crushing has been put off due to late rains in Karnataka, Maharashtra and UP.” As sugarcane in UP has not been harvested, wheat sowing in the region has been postponed, but acreage under wheat was estimated to be good, he said.

When questioned whether the government was mulling an import duty on edible oil, especially crude palm oil, Mr Pawar said that the Centre would “take action” only if the prices dipped below minimum support price.

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