Connect with:
Wednesday / December 4. 2024

logo
mobile-logo
Home2023 (Page 16)
Agrotech, India, Industry Reports / Analysis, Seeds

According to TechSci Research, the Indian seed market is valued at $3,914.36 million in 2023 and is projected to grow at a CAGR of 7.41 per cent by 2029. The seed industry has recently gained the attention of investors and Indian investors are eager to see Initial Public Offerings (IPOs) from the seed industry. The government has authorised FDI in agricultural fields such as development and production of seeds and planting material.  Apart from this, many private entities are getting attracted towards seed companies and are investing in them.  The latest example is Summit Partners, a private equity group, that has bought a minority investment in two of India’s leading seed companies, Nuziveedu Seeds Ltd. and Krishi Dhan Seeds. Crystal Crop Protection Limited recently made a smart purchase from Kohinoor Seeds by acquiring the Sadanand Cotton Seeds company. Leading seed companies are also incorporating cutting-edge digital technologies to mitigate the effects of pests, climate, and other external variables on farming, propelling the market to expand.  Data science, AI tools, cutting-edge phenomic analysis, and genomic sequencing are being leveraged to enhance production. However, there are certain challenges that are hampering the growth of this sector. For instance, marginal investment in R&D, short shelf life, unpredictability of demand, lack of effective monitoring mechanism, among others, are becoming a dampener in this growing sector. Let’s take a closer look at the Indian seed sector and gauge the projections for the future.

Over the decades, farmers across India have evolved a complex formal, informal, and integrated seed system that began with the age-old practice of saving seeds from preceding harvests. The diversity of formal seed systems has matured and the Indian seed industry has undergone significant transformation in the past 30 years.

Indicative of India’s evolving needs and market dynamics, the government’s initiatives  have also helped evolve and grow the seed platform. New and enhanced seed varieties  were primarily supplied  by public research bodies such as the Indian Council of Agricultural Research (ICAR) and international institutes such as the Consultative Group for International Agricultural Research (CGIAR).

Commenting on these vibrant developments in the seed sector, Rajendra Barwale, Chairman, Mahyco Pvt Ltd. stated, “Indian agriculture will continue to progress well to not only meet the growing food and nutrition requirements of the country, but also to become a significant player in the global agri produce market. Implementation of scientific and technological innovations will help overcome various challenges of the Indian agriculture sector.  Given that seed is the critical and determining input in the agriculture value chain, the seed industry will be a key contributor to this growth story by delivering the right technologies to our farmers.”

 “A vibrant seed sector is pivotal to growth of agriculture, and it has played a vital role in improving crop productivity in every part of the world over the years. For example, the green revolution in India which made us food surplus from ‘ship to mouth’ in the early years of independence, was rooted in the improved varieties that we bred using genetics of wheat and rice brought in from Mexico and International Rice Research Institute (IRRI), Manila respectively. We can give a number of examples of such transformations through the science of plant breeding, globally and in India. However, presently, the size of the seed sector, vis à vis its potential, is relatively very small compared to other agriculturally developed countries, offering us a large opportunity for future growth. Given that growth of the seed sector would have a multiplier effect on the progress of the agriculture sector, support of the Government of India for growing the seed sector would benefit all stakeholders of Indian agriculture, and most importantly our farmers”, added Barwale.

Tech catalyst

Since the late 1980s, several governmental policies have provided a significant boost to India’s seed sector, which had its roots in the 1960s with the founding of the National Seeds Corporation. The industry was bolstered and Indian farmers were able to increase their output after the introduction of the Protection of Plant Varieties & Farmers Rights Act, 2001 and the release of Bt cotton hybrids for commercial cultivation in 2002. India’s seed market has grown to an expected $4–6 billion by 2023 (ISC, 2023; IMARC, 2023) and has significant unrealised potential as the seed hub for G20 countries.

G V Bhaskar Rao, Chairman & MD, Kaveri Seeds stated, “Seeds are becoming more regulated to accomplish a wide range of policy goals because of their significance, not just for farmers, but for society at large. Developing laws and regulations that support both formal and farmer-based seed systems while minimising negative impacts on breeding, selection, and seed output in either system is a challenge for policymakers”.

Improvements in seed technology have allowed for a greater variety of high-quality seeds to be produced, which perform better in a wider variety of environments. Applying seed technologies will guarantee good performance even under less favourable, unpredictable, and severe settings, while molecular technologies, speed breeding, and gene-editing tools speed up and improve the development of new crop varieties. Therefore, modern seed technology must integrate genetic improvement with applied technologies to deliver high-quality seeds of improved varieties with increased yields, lower input costs, and resistance to biotic and abiotic stresses.

To read more click on: https://agrospectrumindia.com/e-magazine

According to TechSci Research, the Indian seed

AgroPolicy, Horticulture, Sustainability

The Dutch partnership of leading horticultural companies, ‘NLHortiRoad2India,’ is embarking on its third journey to India

Dutch greenhouse experts see numerous opportunities to improve local food systems in India. Recently, it became clear that Indian vegetables and fruits contain alarmingly high levels of pesticides and chemicals, due to outdated agricultural practices. The Netherlands, known for its expertise in food safety solutions, holds the key to producing healthy food in India. This week, the Dutch partnership of leading horticultural companies, ‘NLHortiRoad2India,’ is embarking on its third journey to India. During World Food India, the Dutch delegation eagerly looks forward to connecting with Indian retailers, growers, and investors interested in investing in a healthier, more sustainable, high-quality, and profitable food system.

The trade mission to India begins with participation in World Food India, taking place from Friday, November 3rd, to Sunday, November 5th, at Pragati Maidan, Delhi. At this promising event, the Dutch horticulture sector will showcase its solutions for profitable food systems inside a captivating demo greenhouse. This greenhouse is not just an exhibit; it’s designed to provide visitors with a firsthand experience of the advantages of high-tech horticulture. Visitors will have the opportunity to walk through the high-tech greenhouse, observe the cutting-edge technology up close, and truly immerse themselves in the innovative world of Dutch horticulture

The cluster is also represented at The Netherlands Pavilion on the exhibition, where they are keen to engage in discussions with pioneers, early adopters, influencers, and potential partners regarding the implementation of innovative technologies to meet the growing market demand for high-quality fresh food.

Desh Ramnath, Director of Dutch Greenhouse Delta and Coordinator of NLHortiRoad2India, explains, “The Netherlands collaborates with countries around the world to improve local food systems. Combining India’s local expertise with our global knowledge and expertise, we can assist India in achieving greater self-sufficiency in food production. Profitably upscaling Indian horticulture with high-tech solutions is the primary focus of our consortium, NLHortiRoad2India, in collaboration with the Indian industry.”

The Dutch partnership of leading horticultural companies,

Agrotech, India, Opinions, Seeds

By Raghavan Sampathkumar, Executive Director, Federation of Seed Industry of India

Seed is the first and the best hope a farmer has and it is the foundation of “Socio-Economic Empowerment and Development”.  Over the last decade, the Indian seed industry has expanded both in size and performance, involving both private and public sector entities. In 2022, the Indian seed market was valued at $6.3 billion, projected to reach $12.7 billion by 2028, with a CAGR of 12.43 per cent. Thanks to several foresighted and proactive initiatives by the Government of India, the country has witnessed an increased seed replacement rate, for example, in rice, rising from 40 per cent in 2011 to 64 per cent in 2017. The seed industry’s foundation was established in the 1960s and subsequent policies in the late 1980s, including the New Seed Development Policy (1988-1989), transformed the industry and provided Indian farmers access to superior seed and planting materials.

The Indian seed industry is at the forefront of innovation, focusing on areas such as pest and disease-resistant seeds, drought and heat-tolerant varieties, and more nutritious options to address the challenges of climate change and enhance nutritional value. Precision breeding techniques, along with data-driven approach and biotechnology innovations to develop new seed varieties that are resistant to pests, diseases, drought, and heat etc., are gaining ground. More advanced seed technologies have bolstered agricultural productivity as climate change, with its unpredictable weather patterns and increased pest resistance, presents a significant hurdle. Regulatory hurdles, such as the classification of genome-edited crops, hesitancy in acknowledging the important role and contribution of genetically modified (GM) crops and their utility remain big challenges for the growth of the Indian seed sector.

Key drivers of growth include a growing demand for high-quality seeds as farmers are becoming increasingly cognizant of the importance of using high-quality seeds; government support; adoption of digital technologies and increased investment from private and foreign entities. For the sustainable growth and development of the Indian seed industry, several policy and regulatory measures should be prioritised:

Policy & Regulatory Environment: Reforms are essential to establish a stable, predictable, transparent, and science-based policy and regulatory framework.

National Accreditation for R&D-based Companies: A system of accreditation for national-level seed research companies should be established, recognising their extensive efforts in research, data analytics, and quality control.

Investment in R&D: Encouragement of both public and private investment in seed research and development is crucial, with incentives and grants to foster the development of high-yielding, climate-resilient, and nutritionally rich seed varieties.

Restoration of Tax Deduction: To encourage increased R&D investment in the seed industry, the restoration of a 200 per cent income tax deduction for R&D expenditure is recommended.

Developing Climate-Resilient Seed Varieties: Incentivise the development and adoption of climate-resilient seed varieties to address the challenges posed by climate change, such as drought-tolerant, flood-resistant, and heat-tolerant seeds.

Regulatory Testing of New Technology Products: Implement a smooth and predictable process for field testing of new technology seeds.

Encourage Seed Export and International Collaboration: Develop a comprehensive “National Seed Production & Trade Policy” to facilitate seed exports and engage international seed research institutions for knowledge and technology sharing. Work towards making India a global hub for seed production and exports, aiming to capture at least 10 per cent of the global seed trade market.

To read more click on: https://agrospectrumindia.com/e-magazine

By Raghavan Sampathkumar, Executive Director, Federation of

AgroPolicy, Foodgrains, India, Opinions, Pulses, Trade, Vegetables

By Abhay Dandwate, Chief Risk Officer – National Bulk Handling Corporation Pvt. Ltd.

India, one of the biggest producers of wheat and wheat flour, prohibited wheat exports last year due to a rapid and unexpected decline in output caused by a sharp increase in temperatures during the Rabi season. This move occurred despite a surge in export demand for Indian wheat, driven by already tight global supplies resulting from the Russia-Ukraine conflict.

This was not the isolated incidence of India imposing export restrictions as an effort to tame galloping domestic prices. In the middle of May last year, India imposed a ban on wheat exports. Subsequently, in July, restrictions on wheat flour exports were introduced, mandating traders to obtain permission before shipping wheat flour.

Spoilsport El Niño

As of July this year, in the wake of rising food prices, high inflation and fear of rice shortage due to  El Niño disruptions as the country heads into a festive season Indian government decided to ban the export of non-basmati white rice too in order to ensure adequate domestic availability at reasonable prices. Also, Indian parboiled rice exports were levied with a 20 per cent tariff, and the minimum export price (MEP) for Basmati rice was mandated at $1,200 per tonnes, aimed at preventing non-basmati rice from being exported under the classification of basmati rice. This action was in addition to the ban imposed on the export of broken rice, declared in September last year, which remains effective even to date. 

Nevertheless, in response to the protest expressed by the exporter’s lobby, pointing out that over 50 per cent of basmati rice is exported for less than $1,000 per tonnes, basmati rice exports may get a deep dent, the government has provided substantial relief by assuring to recommend a lower minimum export price (MEP) of $850 per metric tonnes.

One of the main reasons for this action was the expectation of below normal monsoon rains this year.

Global Impact

Owing to the preempted ill effects of the monsoon India, the world’s largest rice exporter, limited rice shipments, imposed a high minimum export price (MEP) on Basmati rice, imposed a 40 percent duty on onion exports, permitted duty-free imports of pulses, and may potentially ban sugar exports going forward. The government might continue with ongoing curbs on exports of rice varieties and wheat for a prolonged period.

Although India’s decision to ban rice exports was based purely on domestic fundamentals, not surprisingly it had a detrimental impact on countries heavily reliant on imports. Prima facie, there seems to be no problem with this approach as every country has its domestic compulsion to ensure supply for its own fellow country persons at an affordable price to contain the food inflation first.

To read more click on: https://agrospectrumindia.com/e-magazine

By Abhay Dandwate, Chief Risk Officer -

Agrotech, Animal Health, Opinions, Poultry

 By Dr Manjula D Ghoora, Consultant, Sathguru Management Consultants

Antimicrobial resistance (AMR) has emerged as a severe global health concern. It has created a scenario where infections and diseases in humans, animals, and plants become difficult to treat due to the development of bacterial and viral resistance to the drugs specifically designed to kill them. In 2019 alone, a staggering 1.27 million people died due to antibiotic-drug-resistant bacteria, contributing to considerable suffering and losses to animals. Furthermore, the presence of antibiotics in soil and waterways has led to the emergence of resistant bacterial strains in the environment, which adversely affects both animals and humans who interact with these ecosystems. This phenomenon transcends origins and affects all species: humans, animals, and plants alike.

The World Organisation for Animal Health (WOAH), previously referred to as Office International des Epizooties (OIE) has estimated the consumption of approximately 77,086 tonnes of antimicrobials in animals in 2019. Remarkably, nearly half of these antimicrobials are categorised as tetracyclines, establishing them as the most extensively employed agents in the global animal health sector. Following closely is the usage of penicillin. Importantly, both tetracyclines and penicillin fall within the Veterinary Critically Important Antimicrobial (VCIA) class, as designated by WOAH.

In response to the escalating crisis, the Member States of both the World Health Organisation (WHO) and WOAH/OIE have initiated a series of measures aimed at curbing AMR. Their collective efforts are geared towards ensuring the judicious application of antimicrobials.

To read more click on: https://agrospectrumindia.com/e-magazine

 By Dr Manjula D Ghoora, Consultant, Sathguru

Agrotech, India, Interaction, Seeds

Sameer Manohar Sawant, President, Namdhari Seeds shares his views on the status of the seed industry in India. Edited excerpts:

Namdhari Seeds, founded in 1985, is a prominent player in the global vegetable and flower seed industry. Initially, the company focused on contract seed production for exports but later ventured into breeding programs to develop hybrid crops tailored for the Indian market. Their hybrid seeds have propelled them to a leadership position in India’s vegetable seed sector. With 500 commercialised hybrids across 2,00,000 hectares of open fields, greenhouses, and net houses catered by a network of 1500+ distributors, globally, today, the company has become an established name in the contract production market. All this is credited to its expertise and world-class IP protection stemming from over three decades of business built on trust and strong ethical practices. With a strong brand heritage, substantial investments in R&D, an extensive distribution network, and a diverse product portfolio, Namdhari Seeds is the preferred partner for numerous global seed players. Sameer Manohar Sawant, President, Namdhari Seeds shares his views on the status of the seed industry in India. Edited excerpts:

How is Namdhari Seeds contributing to the growth of the seed industry?

Namdhari Seeds is at the forefront of contributing to the growth of the seed industry in India. We are committed to advancing the sector through our comprehensive approach in research, production, and marketing of vegetable seeds.

Our research efforts are focused on developing high-yielding, disease-resistant, and climate-adaptive Vegetable seed varieties. By continuously innovating and introducing new cultivars, we aim to address the evolving needs of farmers and changing environmental conditions. We uphold stringent quality control measures in seed production to ensure that our seeds meet the highest standards. Our state-of-the-art production facilities employ the latest technologies to produce seeds that are reliable and superior in performance.

We actively engage with farmers to provide them with the knowledge and training required for successful cultivation. Our expertise and guidance help them optimise their crop production and ensure a profitable harvest. Through our robust marketing strategies, we enable farmers to access broader markets, increasing their income and opportunities. We connect them with the right channels, ensuring that their produce reaches consumers effectively.

Recently the company inaugurated a state-of-the-art greenhouse facility, dedicated to enhancing its existing Plant Pathology and Seed Health operations and NABL Accreditation. How will you leverage the seed industry in terms of adhering to international standards and incorporating the latest technological advancements?

The state-of-the-art greenhouse and NABL accreditation are critical steps in our journey to adhere to international standards and embrace technological advancements. They empower us to provide seeds of the highest quality, aligned with global expectations. We are excited to contribute to the growth and advancement of the seed industry, both nationally and on the international stage.

The new greenhouse facility is dedicated to enhancing our plant pathology and seed health operations. By providing a controlled and isolated environment, it enables us to conduct precise and thorough research on disease resistance and overall seed health.

This facility accelerates our research and development efforts. It allows us to test a wider range of seed varieties, closely monitor plant responses to diseases, and swiftly identify and develop resistant strains. This, in turn, expedites the introduction of disease-resistant and high-yielding seed varieties to the market.

The greenhouse facility is designed to meet international standards for research and seed production. It ensures that our seeds are not only high-performing but also compliant with global quality benchmarks. This is essential for export and to meet the needs of farmers who demand seeds of international quality.  

The Centre has recently launched SAATHI (Seed Traceability, Authentication and Holistic Inventory) Portal and Mobile App, a Centralised Online System for seed traceability. How will it help in mitigating the challenges in the seed industry?

The launch of SAATHI is a significant step towards addressing critical challenges in the seed industry. This centralised online system for seed traceability and authentication will provide several benefits. For instance, SAATHI will make the entire seed supply chain more transparent, allowing stakeholders to trace the origin and journey of seeds, from production to distribution. This transparency can help build trust among farmers, consumers, and regulatory authorities.

 By ensuring that seeds meet specified quality standards, SAATHI will help mitigate the issue of substandard or counterfeit seeds. It will empower farmers with confidence in the authenticity and quality of the seeds they purchase.

The system will support regulatory authorities in enforcing seed regulations more effectively. This can help curb the distribution of unauthorised or low-quality seeds. SAATHI will help in reducing fraud and malpractices in the seed sector. It can deter the distribution of counterfeit seeds and the mis-labelling of seed varieties.

The holistic inventory feature will assist in better managing seed stocks, reducing waste, and ensuring that the right seeds are available at the right time.

To read more click on: https://agrospectrumindia.com/e-magazine

Sameer Manohar Sawant, President, Namdhari Seeds shares

AgroPolicy, Foodgrains

Through this, Shree Anna-based food can be introduced to the plates of more and more people

Eat Right Summit 2023 was organised at Vigyan Bhawan, Delhi under the aegis of the Food Safety and Standards Authority of India (FSSAI). The theme of this summit was ‘Shri Anna’ in view of the ongoing International Year of Millets 2023. Sudhansh Pant, Secretary, Ministry of Health and Family Welfare, Government of India and Chairman, FSSAI and G. Kamala Vardhana Rao, Chief Executive Officer, FSSAI and many health and nutrition experts participated and expressed their valuable views in the day-long summit.

During his keynote address at the inaugural session of the summit, Sudhansh Pant, Secretary of the Union Ministry of Health and Family Welfare and Chairperson, FSSAI, said that there is a need to emphasise preventive health care in the country and for this, necessary changes in the diet should be made is most essential. Pant described Sri Anna as a good alternative. He advised that it would be a good initiative to have some shops offering Shree Anna-based dishes in the healthy and hygienic food streets which are being upgraded across the country by the MoHFW. Sudhansh Pant, Secretary, MoHFW and Chairperson, FSSAI, termed the growing awareness about Shri Anna in the country as the Shri Anna revolution and called upon everyone to make their contribution to this revolution.

Mentioning the MoU signed between the FSSAI and the Ministry of Defense, Pant said that just as healthy recipes have been prepared for the brave soldiers protecting the country, similarly, MoU may be signed with other ministries and Central Armed Police Forces. Through this, Shree Anna-based food can be introduced to the plates of more and more people. He said that people can be made aware of the health and nutritional benefits of Shree Anna through other means.

Through this, Shree Anna-based food can be

AgroPolicy, India, Vegetables

Buffer stock sale and additional procurement to further keep prices under control.

Government of India’s decision to impose Minimum Export Price of US$ 800 per Metric Ton on onion with effect from October 29, 2023 till December 31, 2023 to discourage exports and maintain availability in domestic markets has shown an immediate impact of price correction in Maharashtra markets, where prices recorded a decline of 5 to 9 per cent from the highest price registered during last week. The weighted average price of onion in Maharashtra across all the markets has declined by 4.5 per cent and similar decline was observed in consumption centers as well.

The Department of Consumer Affairs is monitoring onion exports and prices on daily basis to ensure stable domestic prices and availability to consumers. In view of increasing demand in the month of November, Department has started releasing onion buffer stock into the market both through mandi sale and discounted sale to retail consumers at centers of high prices. This includes retail sale through 685 Mobile retail outlets covering over 170 cities. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Consumers’ Federation of India (NCCF) have also started procuring additional 2 Lakh Metric Tons (LMT) onion of kharif harvest to be distributed in high price centers to keep the onion prices under control and consumers interest is protected.

Buffer stock sale and additional procurement to

Agro chems – Chemicals, Company News, Finance, World

Company’s total income in Q2 FY 2023-24 was Rs 10,170 crore compared to Rs. 12,507 crores during the corresponding period in FY 2022-23.

Global agrochemical company, UPL Ltd. has reported financial results for the second quarter ended FY24 (July-Sep 2023).  Company has reported a consolidated net loss of Rs. 189 crores for the second quarter of 2023-24. Revenue and EBITDA for Q2 impacted by global channel destocking and elevated pricing pressure. Liquidation of high-cost inventory, higher than usual sales returns and rebates to support channel partners impacted contribution margin. Adjusting for this temporary impact, the H1FY24 contribution margins would be higher by 300 bps vs LY (instead of reported 48 bps Year to Year drop). Company’s total income in Q2 FY 2023-24 was Rs 10,170 crore compared to Rs. 12,507 crores during the corresponding period in FY 2022-23.

Differentiated and Sustainable portfolio continued to perform resiliently with higher volumes (+11 per cent YoY). Revenue share of this portfolio rose significantly to 38 per cent of crop protection revenue (from 30 per cent in Q2FY23) Reduced SG&A expenses by 3 per cent YoY to Rs 2,486 crore.

Seeds business continued its growth momentum as revenue grew by 10 per cent YoY in Q2 to INR 1,070 crore while EBITDA is marginally down. For H1FY24, revenue stood at Rs 2,131 crore (+17% YoY).

Commenting on the performance, Mike Frank, CEO – UPL Corporation Ltd., said ″The global agrochemical industry continues to go through a difficult phase with prices coming off significantly vis-àvis the high base of the previous year amid the elevated channel inventory levels and intense price competition. Given this backdrop, the distributors prioritized destocking, and focused on purchases at lower prices to bring down their average inventory cost. In particular, destocking had a significant impact in the US and Brazil during the first half.

Our revenue and profitability for Q2 were significantly impacted by these factors in line with rest of the industry. However, contribution margins improved by 300 bps YoY in H1FY24 adjusted for the short-term impact of high-cost inventory liquidation, higher than usual sales returns, and rebates to channel partners. We also saw a pick-up in volumes (+1% YoY) in the crop protection business (ex-India) led by the resilient performance of our differentiated and sustainable portfolio; revenue share of this portfolio increased to 38 per cent of crop protection revenue vs 30 per cent last year. Our cost reduction drive of $100 million over next two years is under implementation and we are on track to realize benefit of $50 million in FY24, bulk of which will be realized in H2FY24.

Going forward, we are optimistic of progressively improved performance in H2FY24 as key geographies of North America, LATAM and Europe enter major cropping season. The elevated inventory levels are expected to gradually subside with the farmgate demand continuing to be robust. In Europe, Asia, and LATAM (ex-Brazil), channel inventory levels have largely normalized; while in North America and Brazil, the scenario continues to gradually improve.

On the pricing front, most post patent molecule prices seem to have bottomed in Q2 and are now stabilizing. Overall, we are executing well in this challenging market and making changes to our operating model that will further improve our business as the cycle normalises. ″

Company’s total income in Q2 FY 2023-24

Agrotech, Company News, India, Start ups

The collaboration uplifts the coffee farming community and enhance their livelihoods by providing essential tools and resources.

Ayekart, a leading Food and Agri-FinTech and an integrated digital platform empowering Farmers/FPOs and MSMEs in the food and agri value chain, has partnered with CCL Products (India) Ltd., a renowned Instant Coffee Manufacturer, to bring positive change to the lives of indigenous tribal farmers in the picturesque Araku Valley of Andhra Pradesh. A step forward to Ayekart’s existing initiatives in the region for the past couple of years, this collaboration aims to uplift the coffee farming community and enhance their livelihoods by providing essential tools and resources.

Ayekart’s collaboration with these tribal farmers began in 2021 through the FPO – Visakha Manayam Farmer Producer Company Limited. Extensive training programs for the farmers focused on modern production and processing techniques were conducted. These programs included the utilisation of baby pulpers, proper drying techniques on elevated platforms, accurate measurement of moisture levels, and digital weighing of produce.

The partnership between Ayekart and Visakha Manayam Farmer Producer Company Limited has made a substantial social impact on the lives of indigenous tribes of the Araku Valley by equipping these farmers with the knowledge and resources required to secure fair prices and improve their livelihoods. As a result of these efforts, approximately 1,000 farmers have experienced improved income and enjoyed an enhanced quality of life in the previous coffee season.

Ashutosh Singh, COO and Co-Founder of Ayekart remarked, “We are elated to have successfully conducted extensive GAP (Good Agricultural Practices) training, encouraged collective bargaining and value-addition initiatives with the local tribal farmers through Visakha Manayam Farmer Producer Company Limited. By equipping these farmers with modern techniques and resources, we are helping farmers achieve higher yields and are also improving their income and preserving their unique heritage. Moreover, our collaboration is a testament to our dedication to sustainable development and improving the livelihoods of those in need. We believe that together, we can make a meaningful and lasting impact in Araku, fostering a brighter future for the local communities.”

The Araku Valley is renowned for its Arabica Parchment and cherry coffee cultivation, serving as the primary source of income for the indigenous tribes residing in the region. Despite the region’s rich and fertile lands, commitment to organic farming practices, and the unique quality of its coffee, the farmers have long struggled to achieve fair pricing and economic stability. Intermediaries and local traders often exploit their vulnerability, leaving them with minimal income to support their families.

Praveen Jaipuriar, CEO of CCL Products (India) Ltd., expressed, “At CCL, we believe that businesses are responsible for uplifting the communities. Our collaboration with Ayekart in Araku Valley reflects our commitment to sustainable development, and we are proud to contribute to empowering these dedicated tribal farmers.”

The collaboration uplifts the coffee farming community

Horticulture, World

French apples are anticipated to reach 1.5 million tonnes, marking an 8 per cent increase from 2022 and a 10 per cent rise from the three-year average with a range of well-known varieties available

The French National Apple and Pear Association (ANPP) has announced that it is bucking a three-year trend with the return of a larger crop of French apples in 2023.

According to the data from the organisation, French apples are anticipated to reach 1.5 million tonnes, marking an 8 per cent increase from 2022 and a 10 per cent rise from the three-year average with a range of well-known varieties available, including Gala, Granny Smith, Golden, Candine, Kissabel, Lolipop, Honeycrunch and organic apple Juliet. This year’s harvest, unaffected by significant weather challenges like drought or storms, promises exceptionally sweet and flavourful apples.

The news comes after it was announced the total European apple harvest is expected to reach 11 million tonnes, 6.7 per cent below 2022.

Daniel Sauvaitre, President, of ANPP, said: “French orchardists dedicate themselves year-round to delivering high-quality apples adhering to Eco-friendly Orchards label, a standard trusted by consumers. The 2023 harvest appears promising and is poised to meet the expectations of GCC consumers in both quantity and quality. Despite rising production costs in the industry, apples remain an affordable choice for consumers, even amid high inflation.”

As part of a three-year plan to support French apple producers in exporting their products to the GCC market, the European Union and Interfel, the French fresh fruit and vegetable interprofessional organisation, have undertaken a series of initiatives to promote French apples to consumers in the Middle East region and will again be highlighting the fruit through a series of activations. 

As part of the outreach program for 2023/24, a total of 444 tasting sessions will take place throughout the GCC, while a series of activations showcasing French apples in malls in Jeddah, Riyadh, Muscat, Doha, and Kuwait are planned, as well as a presence at Taste of Dubai.

French apples are anticipated to reach 1.5

Acquaculture, Company News, Live Stock, World

The new multinational agreement with Innovasea, the company said, will allow it to bring its water treatment solutions to a wider segment of the aquaculture market

Water treatment systems specialist Bio-UV Group and Boston, Massachusetts-based aquaculture technology provider Innovasea have signed a new multinational agreement to bring the company’s water treatment devices into the aquaculture market.

Bio-UV, based in France, designs and manufactures water treatment systems that use ultraviolet (UV) radiation, ozone, electrolysis, and advanced oxidation processes (AOP). Its water purification technology has been used in several different applications, the company said, including swimming pools, aquariums, industrial processes, drinking water, and aquaculture.

The new multinational agreement with Innovasea, the company said, will allow it to bring its water treatment solutions to a wider segment of the aquaculture market, as well as help the company adapt its products to meet standards in North America as part of a drive into the market.

“We are delighted to announce our new partnership with Innovasea,” Laurent-Emmanuel Migeon, Bio-UV Group CEO said in a release. “We are confident that, working together, we will open new avenues of business, especially in North America. This partnership is full of opportunities for expansion for both parties, as we share our passion for sustainability and benefit from each other’s expertise, experience, and networks.”

Bio-UV manufactures its products at sites in Lunel and Muret, France and Glasgow, Great Britain, and has mainly targeted the European market. The new partnership, the company said, will allow it greater access to the North American market – and the aquaculture industry.

“Aquaculture is an expanding industry critical to protecting our oceans from overexploitation and essential to maintaining global food security for future generations,” Simon Marshall, Bio-UV Deputy General Manager said. “BIO-UV Group is determined to play its part in supporting and growing this industry, through our UV water disinfection and ozone water treatment solutions. Innovasea has an excellent reputation in the industry and with established channels to market they are a perfect partner to accelerate our growth.”

The new multinational agreement with Innovasea, the

Company News, Finance, World

Third quarter results significantly impacted by lower sales in Latin America channel destocking in all regions

FMC Corporation reported a third-quarter 2023 revenue of $982 million, a decrease of 29 per cent versus the third quarter of 2022 and down 29 per cent organically. On a GAAP basis, the company reported a net loss of $0.03 per diluted share in the third quarter, down 103 per cent versus the third quarter of 2022. Adjusted earnings were $0.44 per diluted share, a decrease of 64 per cent versus the third quarter 2022.

“Our results were significantly below the prior year driven by volume headwinds from a continuation of channel destocking behaviour that began in the prior quarter.  Destocking was much worse than anticipated in Brazil. Despite this, on-the-ground application remains steady as growers continue to protect their crops,” said Mark Douglas, FMC president and chief executive officer.  “Branded diamides and our new products outperformed the overall portfolio, which illustrates robustness for differentiated and higher value products even in challenging environments.”

Revenue in the quarter was driven by a 26 per cent decline in volume. Price increases in North America, EMEA and Asia were more than offset by price decreases in Latin America. FX impacts were neutral to revenue.  While overall sales were down 29 per cent, sales of products launched in the last five years were up 4 per cent year-over-year, with growth in all regions.

Sales in all regions declined versus the prior-year period as partners, the distribution channel and growers continued to reduce inventory levels. In North America, revenue was down 34 per cent year-over-year (down 34 per cent organically). EMEA revenue declined 1 per cent (down 4 per cent organically) compared to the third quarter of 2022, as higher pricing and FX tailwinds mostly offset lower volumes. Sales in Asia declined 28 per cent (down 23 per cent organically) as continued destocking across the region negatively impacted volumes. The region reported a 16 per cent growth in products launched in the last five years. In Latin America, revenue was down 33 per cent (down 36 per cent organically) year-over-year driven mainly by lower volumes primarily due to severe destocking in Brazil and, to a lesser extent, drought conditions in Argentina.  Globally, Plant Health revenue was down 20 per cent (down 17 per cent organically) versus the prior year driven by similar, but less severe channel destocking dynamics. 

Third quarter results significantly impacted by lower sales in Latin America channel destocking

Agrotech, Company News, Foodgrains, India, R&D, Start ups

Under this partnership Fortune Rice Limited will provide details of 2000 acres of farmland under monitoring and Arya.ag will provide comprehensive insights into crop health and growth patterns.

Arya.ag, India’s largest & only profitable grain platform, is proud to announce a strategic collaboration with Fortune Rice Limited aimed at advancing crop monitoring capabilities for the agricultural industry. This collaboration will leverage Arya.ag’s cutting-edge satellite surveillance product, combined with Fortune Rice’s expertise in agriculture, to enhance the monitoring and growth of paddy crops.

As part of this collaboration, Fortune Rice Limited will provide details of 2000 acres of farmland under monitoring. Arya.ag will provide comprehensive insights into crop health and growth patterns, empowering farmers, and agribusinesses with data-driven decision-making tools.

One of the key highlights of this collaboration is the integration of Arya.ag’s Artificial Intelligence and satellite surveillance solutions to enable access to rich datasets, detailed maps, and a secure application programming interface (API) designed to streamline data retrieval. This will facilitate real-time monitoring and analysis of their subscribed districts, villages and blocks, ensuring a deeper understanding of crop performance. This will enable early detection of anomalies in the monitored farmland and the required active measures in irrigation fertilisation and pest control to increase the operational efficiency and increased yield of the crop. Furthermore, this will be done through an user-friendly mobile.

“We are excited about our collaboration with Fortune Rice, which represents a significant step towards optimizing crop management,” said Anand Chandra, Co-founder and Executive Director of Arya.ag. “Together, we will transform the way farmers and agribusinesses monitor and manage their crops, ensuring food security and sustainable agricultural practices.”

Jai Kumar Gupta, Executive Director at Fortune Rice Limited, stated, “We are delighted about our collaboration with Arya.ag which represents a big step towards modernizing agriculture. Through this collaboration, we will be able to monitor and improve the performance of our paddy crops by utilising cutting-edge technologies. We hope to promote sustainable agriculture, assure food security and provide farmers with useful data-driven insights.”

Fortune Rice’s commitment to harnessing innovative technology aligns perfectly with Arya.ag’s mission to revolutionize agriculture through data-driven solutions. This collaboration marks a significant milestone in the journey toward a more sustainable and productive agricultural sector.

Under this partnership Fortune Rice Limited will