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AgroPolicy, Agrotech, India, IT

In Phase-I of the project, the ADeX Platform is currently deployed in the Khammam district and will be expanded to the entire State over a period

K Taraka Ramarao, Telangana’s IT and Industries Minister, has launched India’s first Agricultural Data Exchange (ADeX) and Agriculture Data Management Framework (ADMF) in Hyderabad. The ADeX has been developed as a digital public infrastructure (DPI) for the agriculture sector and is a collaboration between the State Government, the World Economic Forum, and the Indian Institute of Science.

Speaking on the occasion, Ramarao said both ADeX and ADMF provide the right platform to ensure fair and efficient usage of agricultural data by the industry and startups and significantly boost the data economy, specifically in the agriculture sector. He said these initiatives help lead the country from the front in using innovation and technology to drive food systems transformation and improve farmers’ incomes.

According to newsonair.com, in Phase-I of the project, the ADeX Platform is currently deployed in the Khammam district and will be expanded to the entire State over a period. The software platform facilitates secure, standards-based data exchange between agricultural data users such as agri application developers and agricultural data providers like Government Agencies, Private Companies, NGOs and Universities.

ADMF has been developed after extensive public and industry consultations on data protection, management, and innovation.

In Phase-I of the project, the ADeX

Agro chems – Chemicals, Company News, Finance, India

The company has reported total income of Rs 388.99 crores during the period ended June 30, 2023, as compared to Rs 382.06 crores during the period ended June 30, 2022.

Agrochemical major, Hikal Limited has reported Consolidated financial results for the period ended June 30, 2023.The company has reported total income of Rs 388.99 crores during the period ended June 30, 2023, as compared to Rs 545.67 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 6.92 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs 36 crores for the period ended March 31, 2023. The company has reported EPS of Rs. 0.56 for the period ended June 30, 2023 as compared to Rs 2.92 for the period ended March 31, 2023.

Financial Results (Q1 FY2024) – YoY Comparison

The company has reported total income of Rs 388.99 crores during the period ended June 30, 2023, as compared to Rs 382.06 crores during the period ended June 30, 2022. The company has posted net profit / (loss) of Rs 6.92 crores for the period ended June 30, 2023, as against net profit / (loss) of Rs 8.86 crores for the period ended June 30, 2022. The company has reported EPS of Rs.0.56 for the period ended June 30, 2023, as compared to Rs 0.72 for the period ended June 30, 2022.

The company has reported total income of

Agro chems – Fertilizers, AgroPolicy, Company News, India

Gandhidham plant which will be set up at cost of Rs 350 Crore will send 2 lakh nano urea bottles of 500 ml each across the country.

Union Home Minister and Minister of Cooperation, Amit Shah performed the Bhumi Pujan and laid the foundation stone of IFFCO Nano DAP (Liquid) Plant at Gandhidham, Gujarat, today. On this occasion, several dignitaries including Chairman, IFFCO, Shri Dileep Sanghani, were also present.

In his address, Amit Shah said that the upcoming plant at Gandhidham would produce more than IFFCO’s existing plant producing 3 million tonnes of DAP. Union Minister of Cooperation said that liquid fertilizer is going to give multi-dimensional benefits to the country’s economy and agriculture sector. Spraying of Nano DAP (liquid) will not pollute the land, which will further ease the natural farming, increase soil fertility along agricultural production and will promote the land conservation.

Union Minister of Cooperation said that IFFCO DAP (liquid) does not go inside the ground, but remains on the top of the crop, due to which not only the benefits of DAP become available to the crop, but the land is also preserved. DAP (Liquid) will not pollute water, increase production, keep price affordable, reduce government subsidy burden and reduce imports to make India self-sufficient in the field of urea and DAP.

Union Minister of Cooperation said that IFFCO has not borrowed a single rupee from the bank for the plant which will be set up in Gandhidham at a cost of about Rs. 350 crores on 70 acres, IFFCO has 100 percent equity in it. He said that IFFCO’s equity means 4 crore farmers’ equity as IFFCO’s money goes back to the farmer through PACS and rest through cooperative societies. He said that from this plant 2 lakh nano urea bottles of 500 ml each would be sent across the country and the world, which would reduce the import of 60 million bags of urea and India would become self-relaint in the field of fertilizer. He said that this would also save fertilizer subsidy of about Rs 10,000 crore, which would come back to the farmers, it will also save foreign exchange of about Rs. 3,500 crores.

Gandhidham plant which will be set up

Agri Genomics, Agrotech, Company News, India, People, Start ups

Kulshreshtha has a diverse exposure in sales and marketing of agrochemicals, organised retail, handling of the entire food value chain and institutional business.

BioPrime Agrisolutions, a biotechnology company, has appointed Ajay Kulshreshtha as the new vice president of sales and marketing.With over 25 years of experience spanned across the multiple facets of Agri-business, Kulshreshtha brings expertise to the BioPrime team. He has a diverse exposure in sales and marketing of agrochemicals, organised retail, handling of the entire food value chain and institutional business.

Talking about the appointment, Renuka Diwan, CEO, BioPrime Agrisolutions, said, “We are happy to have Ajay Kulshreshtha on board as VP sales and marketing. His leadership and knowledge of the agrochemical sector make him the perfect fit for our mission to revolutionise the biotechnology landscape. His dedication to sustainable agriculture and drive for innovation align seamlessly with our core values, and we look forward to achieving new milestones under his guidance.”

Prior to joining Bioprime, Kulshreshtha served as assistant vice president of sales and marketing at Sulphur Mills, where he worked for two years. Before that, he worked as senior general manager at PI Industries for nine years, where he played a pivotal role in expanding the company’s market presence and product portfolio. His vast experience also includes key positions at organisations including Aditya Birla Retail and Global Agrisystems, Mahindra, Syngenta.

“I am happy to be a part of the BioPrime team and highly impressed with the disruptive innovations offered to the farmers by the company. My entire career has been spent in offering technology-driven innovative products to farmers and I am looking forward to continuing that tradition by providing the “best-of-breed” to Indian as well global farmers. I further aim to leverage my expertise by developing and implementing an overall marketing strategy to strengthen BioPrime’s market position, enhance customer engagement, and expand the company’s reach in the agricultural industry,” Ajay Kulshreshtha added.

Kulshreshtha has a diverse exposure in sales

Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, Finance, India, Inputs

Company’s PAT stood at Rs 291.42 Mn in Q1 FY24, compared to Rs 383.09 Mn in Q1 FY23, margins reduced from 6.83 per cent in Q1 FY23 to 4.55 per cent in Q1 FY24.

Insecticides (India) Limited (IIL), one of the leading players in the crop protection and nutrition industry has declared its financial results for Q1 FY24. Revenue from operations increased by 14.14 per cent to Rs 6,399.53 Mn in Q1 FY24 from Rs 5,606.90 million in Q1 FY23 on account of favourable monsoon conditions and increasing share of Focused Maharatna products like Hachiman, Shinwa and Torry as a result of our step ahead go-to-market strategies.

EBITDA margins stood at 7.13 per cent in Q1 FY24, a decrease of 329 BPS on account of liquidation of high-cost inventory from previous year. The high-cost inventory is significantly liquidated from the balance sheet. PAT stood at Rs 291.42 million in Q1 FY24, compared to Rs 383.09 million in Q1 FY23, margins reduced from 6.83 per cent in Q1 FY23 to 4.55 per cent in Q1 FY24.

Commenting on the performance Rajesh Aggarwal, Managing Director Insecticides (India) Limited said, “We had a strong quarter to start the year in terms of revenue growth as we witnessed a robust demand for our products owing to favourable monsoon. Although there was an initial delay in rains in certain regions of the country, our widespread presence across India mitigated the impact of this factor and helped us achieve a growth of 14.14 per cent YoY in Revenue from Operations.

We recently launched promising products in the form of Mission granule and Mission liquid, both of which have received very positive response from the market and contributed in our topline. Products launched in last few years like Torry, Hachiman, Shinwa, Green Label, Izuki, Dominant and Kunoichi have started yielding positive results, gaining massive tractions as a result of our concentrated marketing efforts on the entire Focused Maharatna range.

At IIL, we continue to move forward on our mission to grow responsibly towards a sustainable future through continuous support of our employees and other stakeholders I would like to conclude by thanking all our stakeholders for helping us move in the right direction.”

Company’s PAT stood at Rs 291.42 Mn

AgroPolicy, Horticulture, Supply Chain, Trade

The government is taking steps to control inflation and meet the demand and check the prices of tomatoes in India

Nirmala Sitharaman Finance Minister (FM) informed the Parliament that the government is importing tomatoes from Nepal due to a record-high spike in prices in the country.

The minister said that the government is taking steps to control inflation and meet the demand and check the prices of tomatoes in India, it has decided to import them from its neighbour, Nepal. Sitharaman was participating in a debate on the no-confidence motion in the Lok Sabha. As per her, the government has removed import restrictions and the first lot of tomatoes from Nepal will reach Varanasi, Kanpur, Lucknow this week.

Sitharaman also said that through the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and other cooperative societies, the government has been procuring tomatoes from Maharashtra and Karnataka. These tomatoes are then distributed in Delhi-NCR, Bihar, Uttar Pradesh, West Bengal and Rajasthan at subsidised rates. The National Cooperative Consumers’ Federation of India Ltd. has distributed 8.84 lakh kg of tomatoes in the aforementioned states. The finance minister added that the wholesale prices of tomatoes in Andhra Pradesh and Karnataka are already coming down.

Andhra Pradesh, Madhya Pradesh, Karnataka, Gujarat, Odisha, West Bengal, Maharashtra, Chhattisgarh, Bihar, Telangana, Uttar Pradesh, Haryana and Tamil Nadu are the major tomato-producing states in the country. These states account for 91 per cent of the total production of the country, said FM.

The government is taking steps to control

AgroPolicy, Agrotech, India, Sustainability

The combined production capacity of these units is 3.14 lakh tonnes of food items annually, around 40,307 farmers would benefit from these initiatives

Y S Jagan Mohan Reddy, Chief Minister of Andhra Pradesh has launched 11 food processing units. The Units were established with a budget of Rs 1,719 crore. Out of 11 units six units have been inaugurated virtually. The combined production capacity of these units is 3.14 lakh tonnes of food items annually, around 40,307 farmers would benefit from these initiatives.

Jagan Mohan Reddy announced the launch of four primary vegetable and fruit processing centres in the Annamayya and Chittoor districts, a millet processing unit at L Kota in the Vizianagaram district and an onion and tomato dehydration cluster at Thadakanepalle in the Kurnool district.

The foundation stone laying for three primary tomato processing centres in Satya Sai and Anantapur districts was also marked. A groundnut processing unit was initiated at Dharmavaram in the Satya Sai district and a Mondelez India foods unit in Sri City, Chittoor district.

Reddy has mentioned the state has allocated 8,000 crore for intervening and ensuring Minimum Support Price (MSP) during price drops. The state stands alone in providing MSP even for millets, intricately connecting them with the Public Distribution System (PDS) through Rythu Bharosa Kendras (RBKs).

Furthermore, he unveiled plans for significant agricultural advancements, including an expansive 55,620mt-capacity groundnut processing unit in Dharmavaram, set to benefit 15,000 groundnut farmers. He also revealed upcoming projects such as four vegetable and fruit processing centres in Annamayya and Chittoor districts, catering to 2,414 farmers, along with proposed tomato processing units in Satya Sai and Anantapur districts, aimed at supporting 3,588 farmers. Additionally, he noted the emergence of 32 primary and 13 secondary processing units for millets, with a notable 7,200mt-capacity secondary millet processing unit in Vizianagaram district, aimed at aiding millet farmers.

The combined production capacity of these units

AgroPolicy, Cold Storage, India, Supply Chain

The Center of Excellence (CoE) will provide community cooling centres, a model pack-house, a solutions development lab, and a demonstration facility

K T Rama Rao, the Minister of IT and Industries of Telangana called for ideas to reduce carbon emissions and promote sustainable cooling systems. He inaugurated the Telangana Centre of Excellence for Sustainable Cooling and Cold Chain, the first of its kind in India, at the GMR Innovex Campus Hyderabad. The centre’s mission is to accelerate the deployment of energy-efficient refrigeration for food and vaccine supply chains nationwide.

The first phase of the project will focus on cold chains for food and health after harvest. Phase Two will add electronics and a data centre. The CoE will have cutting-edge technology and act as a one-stop-shop for any issues relating to the nation’s cold chain ecology. The University of Birmingham and industry partners like Carrier are supporting the effort. “It will develop and demonstrate cooling technologies and solutions that meet the State’s needs and could be scaled up with global reach,” he added.


The Center of Excellence (CoE) will provide community cooling centres, a model pack-house, a solutions development lab, and a demonstration facility. It aims to improve the lives of farmers in Telangana by addressing the lack of cold storage facilities which prevents many farmers from selling perishable goods. The CoE will develop strategies to protect perishable food and improve the quality of items. It will also offer upskilling and training courses for farmers, regional agribusinesses, agri-startups and entrepreneurs, equipment technicians, and researchers, using a hub and spoke concept.

The Center of Excellence (CoE) will provide

AgroPolicy, Agrotech, India, Interaction

During the two-day summit, experts highlighted the global surge in adopting the food banking model, a crucial link that connects an increasing number of individuals in need with surplus food resources.

Leading voices in the field have urged G20 nations, under India’s presidency, to embrace food banks as a solution to the pressing issues of food loss and food waste. To drive this narrative forward, The Global FoodBanking Network (GFN) and Thinkthrough Consulting (TTC) hosted the Global Food Security Summit 2023, this week under the aegis of G20 fostering diverse dialogues across sectors to establish sustainable ecosystem and pave the way for ensuring universal access to #FoodForAll.

During the two-day summit, experts highlighted the global surge in adopting the food banking model, a crucial link that connects an increasing number of individuals in need with surplus food resources. The event occurred one month ahead of G20 Leader’s summit, where the critical topic of global food challenges is expected. Recent UN data revealed that an additional 122 million people worldwide face food shortages in 2022, underscoring the seriousness of the issue.

Lisa Moon, President and CEO of The Global FoodBanking Network (GFN), emphasized the financial impact of food banking, stating, “Foodbanking addresses two huge challenges, within the global food system.  The First pertains to food loss and waste, with a staggering one third of worldwide food production never reaching people’s tables.  This loss occurs throughout the supply chain, from farms to the consumer stage, resulting in significant economic implications – amounting to staggering $1,6 billion annually. The Second challenge is food security, with approximately 2.3 billion people worldwide currently facing food difficulties, and roughly 3 billion unable to afford a nutritious diet.  Foodbanking is creating surplus to address both these problems by acting as a logistical expert of food, operating as both as a social enterprise and a nonprofit entity, collaborating with producers across supply chain to save food.”

“Food waste is a global challenge that requires collective efforts from all stakeholders,” said Parul Soni, Global Managing Partner, Thinkthrough Consulting, “We want to work with the producers of food – farmers, corporations, FMCG companies – to get surplus food to foodbanks and process it to reach the underprivileged. Through this Summit, we aim to promote food security and mitigate climate change through the concept of food banking.”

The summit was also about highlighting the opinions of thought leaders within the ecosystem and the work done by changemakers to mitigate food insecurity and the climate crisis. Various High Commissioners, Ambassadors, and Senior Officials of the G20 member countries and nine guest countries invited by India, including Bangladesh, Egypt, Mauritius, The Netherlands, Nigeria, Oman, Singapore, Spain, and UAE, collectively participated to spread awareness and express their viewpoints Multilateral and Bilateral Organizations – World Bank, Asian Development Bank, United Nations Environment Programme (UNEP), and Industry Thought Leaders like Federation of Karnataka Chambers of Commerce & Industry (FKCCI), Invest India, the Federation of Indian Chambers of Commerce and Industry (FICCI), the Confederation of Indian Industry (CII), and the Indian Council for Agricultural Research (ICAR), among others, had representation in the discussions at the Global Food Security Summit.

During the two-day summit, experts highlighted the

Uncategorized

Up to 10 companies are invited to register for the contest that will award a $100,000 grand prize for the krill replacement product that results in the best growth, feed consumption and survival during a 12-week feeding trial on Atlantic salmon

The F3 – Future of Fish Feed launched its newest aquaculture feed contest the F3 Krill Replacement Challenge to spark innovation for a substitute for krill in aquaculture feeds.

Up to 10 companies are invited to register for the contest that will award a $100,000 grand prize for the krill replacement product that results in the best growth, feed consumption and survival during a 12-week feeding trial on Atlantic salmon (Salmo salar). Registration is open until August 31, 2023.

“We are upping the stakes in our fourth challenge to the aquaculture industry to replace another critical marine animal ingredient in fish feed,” said Kevin Fitzsimmons, professor at the University of Arizona and chair of the Future of Fish Feed. “We invite innovators from the feed supplement, feed ingredient, and synthetic biology sectors to join us in advancing more sustainable aquaculture practices that will improve food security globally.”

The F3 Krill Replacement Challenge—the fourth contest hosted by the Future of Fish Feed—was motivated by scientific research that has shown sharp declines in krill populations by as much as 80 per cent, the result of climate-induced changes in ocean temperature, currents, acidification and regional overfishing.

Krill is a popular aquaculture feed ingredient for its nutritional benefits and is thought to increase feed palatability and fish growth. As a result, the commercial krill fishery located in the Antarctic has steadily increased production over the last decade from a high of 200,000 tons in 2010 to 450,000 tons in 2020. The rapidly expanding industrial fishery coupled with climate-induced stressors presents considerable risks to the global krill supply.

A wide variety of marine life depends upon these tiny shrimp-like crustaceans at the base of the marine food chain including whales, penguins, and commercially important wild fisheries like salmon, rockfish, squid, and sardines. Krill is also important for its role in removing carbon dioxide from the atmosphere.

The contest will be run as a comparative feeding trial in which each competitor’s feed additive, attractant or other feed-enhancing product free of marine-animal ingredients will be incorporated into an F3-designed, plant-based feed for Atlantic salmon. To determine a winner, the F3 judges will compare salmon weight gain, feed conversion ratio, and survival observed for each krill replacement product. A diet containing a krill meal is also included in the trial as a control.

The challenge focuses on a widely consumed fish—Atlantic salmon—that are known by farmers to be finicky eaters. The krill replacement products have the potential to benefit many other farmed seafood producers seeking to enhance the performance of “fish-free” feeds since krill is not only used to enhance nutrition but also for its perceived attributes as an attractant and palatant.

To join the race to replace krill in aquaculture feeds, visit the F3 Krill Replacement Challenge website: www.f3challenge.org.

Up to 10 companies are invited to

Acquaculture, India, Live Stock, R&D, Sustainability

The program generated nearly 3,000 man-days during the 8-month culture period, with an average daily earning of Rs 380

In a major achievement in fostering the efforts of the Government of India for the development of the seaweed enterprise as another driver of the economy of Lakshadweep, the commercial-scale pilot seaweed farming guided by the ICAR-Central Marine Fisheries Research Institute, Cochin has turned out to be a huge success in the large-scale pre-feasibility studies during 2022-23 season. The endeavour of the TSC-Purple Turtle Company, Tuticorin, aided by the ICAR-CMFRI and the Lakshadweep Administration has the potential to boost the economy of the archipelago and provide a new source of income for the local community, especially women.

The seaweed farming enterprise was initially launched in Chetlath, one of the smaller islands in Lakshadweep with a population of nearly 2,500. Six plots of 100 tube nets each were established by the end of September 2022, with a seed stock size of 3 tons per plot. The first harvest yielded nearly 15 tons in 45 days. The entire harvest was used to expand the farm horizontally, increasing the farm size to 30 plots with 3,000 net tubes by the end of November 2022. Subsequent harvests were done every 30-45 days, and the farm was further expanded in the same atoll as well as in the neighbouring atolls of Kiltan and Kadmat.

Women were the main workforce, and nearly 20 of them from different Self Help Groups were employed to carry out various farm activities such as preparing tube nets, seeding, and harvesting. The program generated nearly 3,000 man-days during the 8-month culture period, with an average daily earning of Rs 380.

The program generated nearly 3,000 man-days during

Agrotech, India, Live Stock, R&D

A portable, detachable, and mobile meat processing unit along with a compact, cost-effective, and eco-friendly

National Meat Research Institute (NMRI), Hyderabad has developed Swachh Meat Hub, a portable, detachable, and mobile meat processing unit along with a compact, cost-effective, and eco-friendly (C2E) composter named WOW (wealth out of waste) hut.

The facility was inaugurated by Suseela Chintala, Chief General Manager, NABARD, Telangana RO, Hyderabad in the presence of Dr S. B. Barbuddhe, Director, ICAR – NMRI, Hyderabad.

Chintala urged for large-scale popularisation of the technologies Pan-India.

Dr Barbuddhe presented an overview of the livestock sector and its role in nutritional security. He also briefed the activities undertaken at the institute.

Fifteen participants from 6 states were given hands-on training in the area of hygienic meat production and value addition.

The activities were undertaken through a NABARD-sponsored project on Wholesome meat production and value addition for small and medium-scale entrepreneurship development.

A portable, detachable, and mobile meat processing

Agro chems – Chemicals, Company News, North America

ACTAVAN was developed in collaboration with Waikaitu; uses plant extracts as a novel active ingredient against fruit rots

ADAMA Ltd. announced the registration of its global bio-control product, ACTAVAN, in Peru. ACTAVAN is ADAMA’s first global bio-fungicide developed in collaboration with the New Zealand company Waikaitu Ltd.

ACTAVAN uses plant extracts to effectively prevent the occurrence of fruit rots in crops such as grapes, berries, and certain vegetables while improving their quality. In addition, ACTAVAN increases the sugar content, peel firmness, size, and weight of the berries, also reducing fruit splitting.

As a biological product, ACTAVAN is compatible with organic farming and integrated pest management (IPM) practices ACTAVAN represents a significant innovation in ADAMA’s physical offering and complements the existing ADAMA portfolio by providing adequate and reliable fungicidal action for all types of farming using a novel active ingredient.

“Farmers worldwide are searching for an effective bio-fungicide that allows them to incorporate sustainable agricultural practices, and still produce high-quality fruits and berries,” said Walter Costa, VP of Marketing and Product Strategy at ADAMA. “A great collaboration with Waikaitu led to a novel and powerful bio-fungicide that meets both the complex requirements of the value chain and the high-quality performance standards that fruits and vegetables producers have been waiting for.”

“We’re proud to work together with ADAMA to deliver this vital product that helps farmers maintain the balance of nature,” said Alex Pressman, CEO and founder at Waikaitu Ltd. “Sustainable farming is the future for feeding the world’s population in a way that is better for the planet and better for business. ACTAVAN protects plants from harmful fungal diseases and improves fruit quality while meeting organic and sustainable farming requirements.”

ACTAVAN was developed in collaboration with Waikaitu; uses

AgroPolicy, Foodgrains, India, Supply Chain

Centre brings down the reserve price by Rs 200 per qtl and the effective price will be Rs 2900 per Qtl.

Government of India has decided that Food Corporation of India (FCI)shall offload 50 LMT of wheat and 25 LMT of rice in open market in a phased manner under Open Market Sale Scheme (Domestic)[OMSS(D)] for sale through E-auction. Keeping in view the experience of the past 5 e-auctions for rice by FCI, it has been decided that the reserve price will be brought down by Rs 200/Qtl and the effective price now will be Rs 2900/Qtl. The cost on account of reduction in the reserve price will be borne from the Price Stabilization Fund maintained by the Department of Consumer Affairs.

As on 7.8.2023 in one year, the wheat prices have gone up by 6.77 per cent in retail market and 7.37 per cent in wholesale market. Similarly, the rice prices in retail market have gone up by 10.63 per cent and 11.12 per cent in wholesale market.

Keeping in view the benefit of over 140 crore citizens of the country, Government of India has taken this decision to offer wheat and rice under OMSS(D) to private parties for increasing availability, moderate the rise in market prices and control food inflation. However, it is relevant to mention that Government is also providing foodgrains to NFSA beneficiaries as per their entitlement free of cost as committed under Pradhan Mantri Garib Kalyan Anna Yojna (PM-GKAY) w.e.f. 1st January, 2023.

Stocks are offloaded under OMSS(D) from time to time to achieve multiple objectives including, inter-alia, disposal of excess stocks, reducing the carrying cost of foodgrains, enhance supply of foodgrains during lean season & deficit regions and to moderate the market prices. In the calendar year 2023, wheat & rice are being offloaded by FCI in a phased manner as per reserve prices fixed by GoI.

Centre brings down the reserve price by