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Hits the Rs 10,000 crores Gross Transactional Value (GTV) mark across its agri commerce and agri finance business

Agritech firm Samunnati is setting up weather stations for Farmer Producer Organisations (FPOs) to collect data that can be used to structure insurance products for the members of these collectives.

Recently Samunnati had hit the Rs 10,000 crores Gross Transactional Value (GTV) mark across its agri commerce and agri finance business. Furthermore, 50 per cent of this GTV came in over the last 18 months, the company said in a statement.

Anil Kumar SG, Founder and CEO, Samunnati, “Currently, we work with about 1500 FPOs or farmer collectives. The cumulative membership is about 6 million smallholder farmers. We don’t work with 6 million, but they have a membership base and it is growing. On the demand side, we work with about 3500 agri enterprises. We see a lot of traction in terms of making the value chains operate at a higher equilibrium by removing the working capital constraint.”

Hits the Rs 10,000 crores Gross Transactional

The company has reported total income of Rs 100.34 crores during the period ended December 31, 2021

Hyderabad-based Bhagiradha Chemicals & Industries has recently posted net profit of Rs 8.91 crores for the period ended December 31, 2021 as against net profit of Rs 8.34 crores for the period ended September 30, 2021.

For the third quarter, the company reported sales was Rs 1,001.07 million compared to Rs 692.52 million a year ago. Revenue was Rs 1,003.47 million compared to Rs 694.07 million a year ago. Net income was Rs 89.2 million compared to Rs 70.92 million a year ago.

For the 9 months ended December 31, 2021, Bhagiradha Chemicals has reported total income of Rs 298.45 crores as compared to Rs 220.97 crores.

Furthermore, the company has posted net profit of Rs 24.86 crores for the 9 months period as against net profit of Rs 16.00 crores.

The company has reported total income of

Organic fertilisers have helped greatly to consumers so that they can avail access to clean-label food items

As per the exclusive report by Vantage Market Research, the global Organic Fertilisers Market size is expected to reach over $22.13 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 12.1 per cent during the forecast period.

Organic fertilisers have helped greatly to consumers so that they can avail access to clean-label food items, to the extent that they are ready to pay a higher price for such products. Key manufacturers are therefore investing in bolstering their R&D capabilities and disperse eco-friendly fertilisers heavily, states Vantage Market Research, in a report, titled “Organic Fertilisers Market by source (Plant, Animal, Mineral), by crop type (Cereals & grains, Oilseed & pulses, Fruits & vegetables, Others), by form (Dry, Liquid), by Region (North America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Assessment (2016 – 2021) and Forecast (2022 – 2028)”.

The agriculture sector depends largely upon fertilizers for improvement in soil productivity. Majorly chemical or synthetic fertilisers are used for enhancing crop yield. Moreover, there is trend towards use of these fertilisers, due to increase in awareness of adverse effects because of chemical fertilisers to both environment and human beings.

Organic fertilisers have helped greatly to consumers

The President was addressing the Joint Sitting of two Houses of Parliament

The government is working continuously to empower the farmers and the rural economy of the country. This was stated by President of India Ram Nath Kovind to the Joint Sitting of two Houses of Parliament. He said, despite the pandemic, Indian farmers produced more than 30 crore tonnes of food grains and 33 crore tonnes of horticulture produce in 2020-21.

The government procured 433 lakh metric tonnes of wheat during the Rabi season benefiting about 50 lakh farmers. A record quantity of about 900 lakh metric tonnes of paddy was procured during the Kharif season, benefiting 1 crore 30 lakh farmers.

He further mentioned, “Agriculture exports have also reached a record level due to the efforts of the government. Agricultural exports registered a growth of more than 25 per cent in the year 2020-21, and have reached nearly Rs 3 lakh crore.”

Because of incentives provided to honey production, domestic production of honey has reached 1,25,000 metric tonnes in 2020-21, an increase of about 55 per cent compared to 2014-15. Export volume of honey has also grown by more than 102 per cent as compared to 2014-15, is what was stated by the president.

Kovid said, “To ensure remunerative prices to farmers for their crops, the products must reach the right market. In this direction, the government has endeavoured to open new avenues of prosperity for the farmers by launching Kisan Rail Seva. During the corona period, Indian Railways operated over 1,900 Kisan Rails on more than 150 routes to transport perishable food items like vegetables, fruits and milk, thereby transporting about 6 lakh metric tonnes of agricultural produce. This is an example of how new avenues can be created from the existing resources if the thinking is innovative.”

He added, “Under the PM-Kisan Samman Nidhi, Rs 1,80,000 crore have been provided to more than 11 crore farmer families. With this investment, the agriculture sector is witnessing major transformations today. Thousands of projects have been approved under the agriculture infrastructure fund having a corpus of Rs 1 lakh crore. To ensure self-sufficiency in edible oil, the government has also launched the National Mission on Edible Oils – Oil Palm with an outlay of Rs 11,000 crore. The government is also making special efforts like organic farming, natural farming and crop diversification.

The President was addressing the Joint Sitting

Experts from different backgrounds explained the latest advances proving the commitment of producing countries to sustainable palm oil production

The Council of Palm Oil Producing Countries (CPOPC) has organised a webinar ‘Net-Zero Emissions: Achievements and Way Forward in the Palm Oil’s Production’ on January 26, 2022. The webinar presented facts and figures on palm oil industry is well on its way to achieving carbon neutrality.

During the opening session, MEP Seán Kelly underlined the need for a partnership between the European Union and producing countries, and reaffirmed that palm oil can be produced sustainably. MP Kelly’s statement assuring progress on sustainability was confirmed by CPOPC Executive Director Tan Sri Dr Yusof Basiron, who insisted that the palm oil industry had started working on carbon neutrality well before other sectors and recalled the crucial role of this oil in the development of producing countries.

Experts from different backgrounds explained the latest advances proving the commitment of producing countries to sustainable palm oil production. The scientific data presented during the event, once again demonstrated that the false narratives concerning palm oil, in particular concerning its role in deforestation, must and can be debunked.

Dr Rosediana Suharto, Director of the Indonesian NGO Responsible Palm Oil Initiative, clarified that deforestation in Indonesia is constantly decreasing and that the palm oil industry is constantly evolving to operate in a sustainable way, in accordance with the strict measures of the government. She emphasised the crucial role of smallholders as well as their interests in the global palm oil debate.

The importance of smallholders was also highlighted by Dr Ruslan Abdullah, Malaysian Palm Oil Council, who gave a comprehensive overview of Malaysia’s performance in reducing CO2 emissions compared to other countries. other countries, outlining national measures to improve palm oil production and reduce GHG emissions.

Experts from different backgrounds explained the latest

The government has decided to convert 150 villages around the Centers of Excellence into Villages of Excellence with technical assistance from Israel

Israeli Ambassador to India Naor Gilon called on the Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar at Krishi Bhawan. Welcoming the Ambassador, Tomar congratulated him on taking over as the Ambassador of Israel to India. The minister expressed satisfaction at the functioning of 29 Centers of Excellence in 12 states which are producing more than 25 million vegetable plants, over 387 thousand quality fruit plants and can train more than 1.2 lakh farmers per year.

Tomar informed that it has been decided to convert 150 villages around the Centers of Excellence into Villages of Excellence with technical assistance from Israel, out of which 75 villages are being taken up in the first year to commemorate the 75th year of India’s independence where India and Israel will work together.

The Ambassador of Israel Gilon expressed satisfaction over the functioning of the Centers of Excellence, stating that these CoEs are a great example of cooperation between the two countries. The ambassador appreciated the working of ICAR institutes and showed interest in further collaboration with ICAR and making available the latest technologies available with Israel. He proposed the certification of CoEs to further enhance the standards and quality of services being provided to the farmers.

The government has decided to convert 150

In December 2021, exports of Marine Products touched $720.51 million, registering a growth of 28.01 per cent over $562.85 million logged in December 2020

Exports of Marine Products registered a growth of 35 per cent to $ 6.1 billion during April-December 2021 (Provisional) as compared to $ 4.5 billion during same period in the year 2020. As compared to April-December 2019 ($ 5.5 Billion) and April-December 2014 ($ 4.4 Billion), exports of marine products registered a growth of 12 per cent and 38 per cent respectively.

In December 2021, exports of marine products touched $ 720.51 Million, registering a growth of 28.01 per cent over $562.85 million logged in December 2020.

The overall exports of Marine Products in the last financial year (March, 2020-April, 2021) was $5.96 Billion, and with $6.11 billion scaled during the first three Quarters of FY2021-22, the sector is very likely to exceed the all-time high of $ 7.02 Billion exports achieved in the FY2017-18, despite the impact of the COVID-19 pandemic since January, 2020.

Top five export destinations in April-November 2021 (latest available, share percentage in bracket) are: the US (44.5 per cent), China (15.3 per cent), Japan (6.2 per cent), Vietnam (4 per cent) and Thailand (3 per cent). Frozen shrimps constitute the major share in India’s Marine Products exports items with 74 per cent share in value terms ($); Frozen Fish (7 per cent), Others (6 per cent) and Frozen Squid (5 per cent) constitute the other major items in the Marine Products exports basket in FY2020-21. Others category included primarily Surimi and Surimi analogue (imitation) products.

In December 2021, exports of Marine Products

Discussions were held on the current and future needs of Indian agriculture

Dr Ashok Kumar Singh, Deputy Director General (Agricultural Extension), ICAR inaugurated the 21-day ICAR-Winter School on ‘Advances in Social Science Research and Evaluation’ at ICAR-National Academy of Agricultural Research Management, Hyderabad.

Delivering the inaugural address, Dr Singh highlighted the prospects of social sciences research in general and extension research in particular in strengthening the interface of research with the farming community for addressing the current and future needs of Indian agriculture.

Dr Srinivasa Rao, Director, ICAR-NAARM, Hyderabad stressed the need for a rigorous approach in advancing the extension of science. Dr Rao also emphasised the urgent need for looking into the mechanics of conducting extension research, besides outlining the efforts of the Academy in the direction.

Earlier, Dr P Venkatesan, Course Director delivered the welcome address.
The 21-day Virtual School being organised from January 25 to February 14, 2022, is aimed at imparting advanced knowledge and skills in conducting impact-oriented research and evaluation in social sciences in agriculture.

A total of 42 participants representing the NARS Institutions from 15 States and 1 Union Territory are participating in the event.

Discussions were held on the current and

The company posts EBITDA of Rs 19 crore

Snowman Logistics recorded revenue of Rs 73.40 crore against Rs 60.18 crore in Q3 FY20-21. The EBITDA increased by 11 per cent to Rs 19.40 crore from Rs 17.45 crore in the corresponding quarter of the previous year. PBT decreased to Rs 1.05 crore from Rs 1.42 crore in the corresponding quarter of the previous year and PAT decreased to Rs 0.83 crore in the current quarter from ₹1.42 crore in the same period in the previous year.

The company posts EBITDA of Rs 19

The company also reported PBT of Rs 7 crores as compared to Rs 25 crores in Q3 last year

Mahindra Logistics Limited (MLL), one of India’s large 3PL solutions providers, has announced its consolidated financial results for the quarter ended on December 31, 2021 with revenue at Rs 1118 crore as compared to Rs 1047 crore in Q3 last year and EBITDA at Rs 50 crore against Rs 55 crore last year.

The company also reported PBT Rs 7 crores as compared to Rs 25 crores in Q3 last year and PAT Rs 5 crores compared to Rs 18 crores last year. For the nine months in FY22 revenue was Rs 3010 crore as compared to Rs 2290 crore last year and EBITDA at Rs 149 crore against Rs 101 crore.

Further the company reported that the revenue from warehousing services and solutions in the quarter grew 35 per cent over the same period last year underlining the focus on solutions-led approach to customer’s requirements.

Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, said, “The quarter gone by was a challenging one. Demand from the auto sector continued to be impacted due to semi-conductor supplies; and the festive season too saw moderate growth. We continued to deliver strong revenue performance, especially across Consumer, Pharma and International freight forwarding. Our margins saw pressure due to seasonal manpower costs, lower than expected demand and start-up costs for new projects. The focus continues to be on optimising operating costs. We remain focused on delivering technology driven, integrated solutions for enterprise customers.”

The company also reported PBT of Rs

The virtual webinar had the topic of ‘Agriculture Ecosystem: Expectations from Budget 2022’

PHDCCI recently organised a virtual webinar on ‘Agriculture Ecosystem: Expectations from Budget 2022.’ The webinar started with a welcome address by Deepak Pahwa, Chair, FTIC Committee, PHD Chamber. Pahwa said, “Recuperating from the impact of two years of a pandemic, India is working hard to gain from every opportunity to strengthen its position at the global level and utilise the opportunity of trade diversion from China.”

Pradeep Multani, President, PHDCCI in his address mentioned that agriculture continues to be a dominating employment generating sector and contributes a significant proportion to the country’s GDP. He highlighted on identifying areas and crops to integrate the benefit of micro-irrigation with structured governance and execution strategy will help the country climb a newer height of fiscal growth.

BK Sabharwal, Chair, Capital Market & Commodity Market Committee, PHDCCI highlighted that in the Union Budget 2021, the government had a farm credit target of Rs16.5 trillion, which is likely to be revised in Budget 2022 to Rs 18.5 trillion.

Rajesh Kumar Dangeti, Regional Director (Northern Regional Office), SEBI, in his Chief Guest Address said that India is one of the highest producers of many agricultural products in the world. He also highlighted some of the problems which the farmers face with inflation in agricultural products, over-dependence on climate changes, storage facilities, depletion in groundwater, air pollution and environmental sustainability and many others.

This was followed by a speech by Sanjay Aggarwal, Former President, PHDCCI, who stated that India should expedite the signing of free trade agreements with the US, the UAE, Australia, Japan and other countries. According to him, the government should also take up the issue of restoring GSP status with the US as it is the major market for India. Zero duty under GSP status will make Indian exporters more competitive at the global level, is what he opined.

Badri Narayanan Gopalakrishnan, Lead Advisor (Trade and Commerce), NITI Aayog, Government of India said that new foreign trade policy will capture all aspects of new and growing challenges of the exporters and designed in an appropriate way to support the industry to overcome the challenges of the next 10 years.

Niti Bhasin, Delhi School of Economics, the University of Delhi in his speech talked about the New Foreign Trade Policy that should focus on incentivising the export products which are contributing significantly to the exports and has a comparative advantage for India to become a more competitive and balanced trade destination.

Nirmal Khandelwal, Co-Chair, Foreign Trade and Investment Committee, PhD Chamber suggested establishing a body to support MSMEs so that they can be part of GCV (global value chain ) and exports. Loans for the exporter are available at a very high rate in comparison to other emerging economies, so there is a need to rationalise the rate of the loan for exporters.

Bimal Jain, Chair, Indirect Tax Committee, PHD Chamber urged for synchronisation among foreign trade policy, GST laws and customs to make India more Attamanirbhar Bharat.

Madan Sabnavis, Chief Economist, Bank of Baroda, stated that agriculture is the backbone of the economy. He talked about the NREGA project, capital expenditure on agriculture including warehousing, transportation & irrigation facilities.

Sandeep Jain, Director, Tradeswift Broking, focussed on improving agriculture GDP so that the country can witness a consumption revolution.

Kapil Dev, Chief Business Officer, NCDEX talked about the MSP, measures to bring down the cost of production and the government’s long-term approach to improving infrastructure in the agriculture sector.

RN Bhaskar moderated the session and emphasised vibrant future markets for agriculture and subsidies in the agriculture sector.

The virtual webinar had the topic of

The company registered a segment profit of Rs 28.5 crore

Deepak Fertilisers And Petrochemicals Corporation has announced its results for the quarter ending December 31, 2021. In the fertiliser sector, the Q3 FY22 revenues grew by 19.1 per cent to Rs 769 crore with a segment profit of Rs 28.5 crore. The fertiliser segment profitability was impacted due to an unfavourable movement of key RM Prices
Y-o-Y.

Sailesh C Mehta, CMD, Deepak Fertilisers And Petrochemicals Corporation said, “Our robust business performance reflects our deep strengths emerging out of integrated operations and diversified end-user segments with continuous improvement in operating margin despite significant raw materials price increase.”

The company registered a segment profit of

The products add to an already robust rice herbicide portfolio for ADAMA.

ADAMA has announced that it has received registration by the US Environmental Protection Agency (EPA) for two rice herbicides: Diverge Silk and Diverge EC.

Diverge Silk and Diverge EC are propanil herbicides that provide effective control of grasses and broadleaf weeds in rice. Diverge Silk is a novel suspension concentrate formulation that offers rice growers improved quality and handling for reliable weed control without the hassle of clogged up spray tanks or nozzles. Diverge Silk is registered in AR, CA, FL, LA, MO, MS and SC. Diverge EC is a cost-effective, high-quality propanil formulated right here in the US and is only registered for use in AR.

These products add to an already robust rice herbicide portfolio for ADAMA. Over the last several years, we have launched two rice systems in collaboration with RiceTec: Preface and Postscript herbicides as part of the FullPage Rice Cropping Solution and Highcard herbicide as part of the Max-Ace Rice Cropping Solution, as well as two other foundational rice herbicides, Vopak 3ME and Zurax L.

The National Conservation Systems Cotton & Rice Conference will be held in Jonesboro, AR the last week in January. This event pulls in a great audience consisting of consultants & growers from across the Delta.

The products add to an already robust

Producers registered in the programme will be able to exchange points for Adroit’s technology through the Orbia marketplace

Bayer announced a partnership with agtech Adroit Robotics. Specialised in artificial intelligence, the startup developed the LeafSense technology, capable of collecting data from the orchard to help fruit growers make more assertive decisions in the field. The partnership, which began to be built in 2020, will benefit users of Impulso Bayer, the company’s loyalty and relationship programme. Producers registered in the programme will be able to exchange points for Adroit’s technology through the Orbia marketplace.

Since 2020, the technology has been tested in pilots spread across 14 citrus farms with more than 70 hectares each, totalling more than 1,000 hectares and 4 million monitored trees.

Among the other features made available by LeafSense is the possibility of monitoring the ripening period of the fruits, quantifying the ones that are in the ground and checking if there are any failures in the orchard to replace the trees, in addition to supporting the detection of pests and diseases in the early stage and on a large scale.

Producers registered in the programme will be