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Finance

“We need incentives like cheaper credit for the agri-financing intermediaries like Agri NBFCs” 

Sandeep Sabharwal, Group CEO of SLCM, spoke with AgroSpectrum about the use of Artificial Intelligence (AI) in the agri supply chain industry in India. Edited excerpts; Founded in 2009, Sohan…

Syngenta AG posts 19 % sales growth in FY2022

Sales of Crop Protection products increased by 21 per cent, 24 per cent at constant exchange rates and Seeds sales were 12 per cent higher than 2021, 16 per cent…

ADAMA posts 16% sales growth in FY2022

The growth for the whole year which was led by Brazil and China reflected strong market demand for crop protection products. Israel based agrochemical major ADAMA Ltd. has reported its…

Atlantic Sapphire raises $55 million in share issue

The company intends to use the proceeds to achieve steady production levels and profitability in Phase 1 of its flagship Florida RAS, which is designed to produce up to 9,500…

Mahindra acquires 100% stake in MITRA Agro Equipments Pvt Ltd

 As part of this acquisition, Mahindra fully bought out Omnivore’s stake in the business. This marks the agritech fund’s second exit in a little over six months.  Mahindra & Mahindra…

Agritech start-up QuantoAgro secures USD 650K to expand sustainable essential oils business

 Company will use this funding to increase production capacity, and diversify product mix. Mumbai based Agritech startup QuantoAgro has announced raising funds through angel/HNI round co-led by SANangels Network with…

University of Adelaide receives $1.8 Mn funding for strengthening India’s agriculture sector

The project will identify critical and emerging jobs that require advanced practices that will meet India’s emerging agricultural skills needs. The University of Adelaide will play a leading role in…

Axis Bank, ITC Ltd collaborates to offer ‘Rural Lending products’ to farmers

 This partnership will enable Axis Bank to reach out to the unserved and under-served farmers based across rural regions.  Axis Bank, India’s third largest private sector bank today, announced its…

FAO and UNIDO launch global Agrifood Systems Transformation Accelerator (ASTA)

The programme aims to improve food security and nutrition in the least Developed Countries The Food and Agriculture Organisation of the United Nations (FAO) and the UN Industrial Development Organisation…

Agrograph joins Leading Harvest as program supporter

Program Supporters help build a community of sustainable agriculture practitioners and support the ecosystem Agrograph, a global agrifintech company that delivers data-based solutions to companies with exposure to agriculture, announced…

Fish & Meat brand FreshToHome raises $104 M in Series D funding

The funding will strengthen FreshToHome’s mission to make 100 per cent preservative and antibiotic-residue free fish, seafood, and meat accessible and affordable to millions. Bengaluru-based startup FreshToHome, a fully integrated…

Mahindra posts sale of 24,619 tractor units in domestic market in Feb,23

Domestic sales in February 2023 were at 24,619 units, as against 18,910 units during February 2022 posting a growth of 30 per cent over last year. Mahindra & Mahindra Ltd.’s…

Role of NBFCs and Fintech in augmenting credit requirement for agricultural innovation

By Prabhat Chaturvedi, CEO, Netafim Agricultural Financing Agency Pvt. Ltd. (NAFA) Agriculture is a dominant sector of the Indian economy, with approximately 85 per cent of farm holdings being less…

Bayer Crop Science achieves record sales and industry-leading margin in FY22

Sales in the agricultural business (Crop Science) advanced by 15.6 per cent to a record 25.169 billion euros, with business up in all regions. The Bayer Group achieved strong growth…

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