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HomePosts Tagged "agri news"
Company News, Machinery – Post-harvesting

The company has registered its highest ever Q1 overall sales of 39,274 tractors, which is 18 per cent growth above 33,219 overall tractor sales recorded in the corresponding period in FY’22

India’s No1 tractor export brand, Sonalika Tractors has been creating new product as well as performance benchmarks ever since the FY’23 inception and has proudly rewritten its record books yet again. The company has registered its highest ever Q1 overall sales of 39,274 tractors, which is 18 per cent growth above 33,219 overall tractor sales recorded in the corresponding period in FY’22. With a dominating Q1 performance, the company has further accelerated its journey in the on-going financial year and cemented its position for upcoming seasons ahead.

Despite unprecedented heat wave affecting crop production across the country, the MSP uptick from government side has facilitated healthy rural cash flow, thereby driving tractor overall demand in Q1 FY’23. As monsoon continues expand base across the country, Sonalika Tractors will remain at the forefront to support farmers win their everyday farming challenges.

Commenting on achieving the new Q1 performance milestone, Raman Mittal, Joint Managing Director, International Tractors Limited, said, “Delivering on farmer’s expectations month after month empowers us to set new benchmarks both in terms of product as well as performance. Achieving our highest ever Q1 overall sales of 39,274 units with 18% growth is a testament that we understand farmers and their regional market requirements well, which subsequently boils down to reinforced farmer trust in brand Sonalika. Strategically supported by our unique approach of customising our tractor portfolio, I am optimistic that we have set our FY’23 course in right direction for upcoming seasons later during the year. Sonalika Tractors will continue to address regional farmer requirements to ensure high productivity and income for their buoyant future.”

The company has registered its highest ever

Company News

The report cements the company’s commitment to high standards around transparency, sustainability, and social responsibility

ADAMA Limited, a leading global crop protection company, has recently issued its 2021 ESG report. The publication of this report cements the company’s commitment to high standards around transparency, sustainability, and social responsibility.

Ignacio Dominguez, CEO of ADAMA, said, ” ADAMA chooses to put ESG values in the centre of its activity and to integrate sustainability into every aspect of the business – products, manufacturing, operations, and people. Our investment in novel formulation technologies to deliver superior products with enhanced biological performance is resulting in better solutions for farmers and a favourable sustainable footprint, ultimately benefiting all our stakeholders. We’ll continue to listen to farmers and deliver what they need to succeed, making sustainable agriculture part of the solution.”

Michal Arlosoroff, EVP, General Legal Counsel, Company Secretary, Chief Corporate Communication & Chief Sustainability Officer, stated, “As an agrochemical company, we have an even greater obligation to put ESG at the forefront of our operations. We take this commitment seriously and I am proud of the results and progress that we have made in our ESG journey, including reducing our carbon footprint; improving safety; and reducing our products’ environmental impact through a combination of efforts across the whole business.”

2021 ESG highlights:

  • Outperformed regulatory requirements while growing production volumes. 
  • Funded $60 million toward greener manufacturing operations.
  • Increased portfolio of biological products. 
  • Invested 2.9 per cent of total profit in social responsibility. 
  • Promoting diversity and inclusion. 
  • Retained employees’ rate at 87 per cent in 2021.

The report cements the company's commitment to

Agrotech, Start ups

Collaborations between innovators and agrochemical companies would play an imminent role in flattening the learning curve

ThinkAg along with CropLife India, the leading voice of the plant science industry in India have organised an Industry Round table “AgLab” – Connecting innovators with corporates – Drone Applications in Agriculture & Crop Protection – bringing together all stakeholders of the Agriculture Drone ecosystem with a ‘focused platform for partnerships’ for the start-ups and stressed on the need of fast tracking and large-scale adoption of drone technology for agrochemical spraying in the country. 

Shomita Biswas, Joint Secretary (M&T), Ministry of Agriculture & Farmers’ Welfare, Government of India said, “It is time to make drones accessible for farmers. There are 200+ start-ups, engaged in manufacturing and providing drone services in agriculture, who would play a pivotal role. Empanelling with the State Governments and becoming custom hiring centres themselves; are the critical next steps for start-ups. 

The Government of India has added another intervention of involving the rural youth. Just with Bachelor in Science – agriculture degree, he/she can open a custom hiring centre, own a drone, and be an entrepreneur; employing others. Youth will be the ambassadors of Drone technology and hence we must leverage this segment. Start-ups in this sector can engage with the youth and other partners at village level and helping the growth of agricultural economy.

AsitavaSen, Chief Executive Officer, CropLife India, anchored the webinar shared, “CropLife India is committed to help develop a conducive ecosystem and quick adoption of Kisan Drones in India. Collaborations between innovators and agrochemical companies would play an imminent role in flattening the learning curve.” Sen added, “The purpose of the webinar is to offer a ‘focused and neutral platform for partnerships’ between the start-ups and Agrochemical/Agriculture input companies for knowledge sharing. Partnerships amongst stakeholders is critical to overcome the challenges and leverage the opportunities that this new technology offers.” 

Collaborations between innovators and agrochemical companies would

Finance

The initiative will serve the purpose of financial inclusion and strengthening service delivery to farmers

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved computerisation of Primary Agricultural Credit Societies (PACS) with the objective of increasing their efficiency and bringing transparency and accountability in their operations. This project proposes computerisation of about 63,000 functional PACS over a period of five years with a total budget outlay of Rs 2516 crore and the government’s share of Rs 1528 crore.

PACS constitute the lowest tier of the three-tier Short-term cooperative credit (STCC) in the country comprising of around 13 crore farmers as its members, which is crucial for the development of the rural economy. PACS account for 41 per cent (3.01 crore farmers) of the KCC loans given by all entities in the country and 95 per cent of these KCC loans (2.95 crore farmers) through PACS are given to the small and marginal farmers.

Computerisation of PACS, besides serving the purpose of financial inclusion and strengthening service delivery to farmers, will also will become a nodal service delivery point for various services and provision of inputs like fertilisers, seeds etc. The project will help in improving the outreach of the PACS as outlets for banking activities as well as non-banking activities apart from improving digitalisation in rural areas.

The initiative will serve the purpose of

People

Gavriel will play a critical role in the introduction of Aleph Farms’ novel products into global markets

Aleph Farms, the first cultivated meat company to grow steaks directly from non-genetically engineered animal cells, has announced the addition of Yifat Gavriel as Chief of Regulatory Affairs and Quality Assurance. In this position, Gavriel will play a critical role in the introduction of Aleph Farms’ novel products into global markets. The establishment of a regulatory approval process for cultivated meat is underway in many countries around the world, with the Singapore Food Agency the first to approve it as an ingredient in 2020.

Didier Toubia, CEO and co-founder of Aleph Farms said, “In our work with regulatory agencies around the world, we have seen first-hand how they encourage innovation and have been willing to continue transparent dialogues with us and the wider cultivated meat industry. The next 6-12 months will prove critical as we work closely with regulators to launch our first product in key markets.”

Gavriel joins after previously serving as the head of regulatory affairs at Omrix Biosurgery Israel (a Johnson & Johnson subsidiary), where she managed the entire biological portfolio end-to-end, including biological products, combination products and medical device products.

Gavriel will play a critical role in

Company News

The New Facility enables a 30x increase in production capacity from Phinest’s original facility and incorporates state-of-the-art design and construction

Green Stripes Services, LLC (Phinest Cannabis), announces the opening of a new 40,000 ft² cannabis tissue culture and indoor nursery facility in Sacramento, CA to meet growing demand for pathogen-free cannabis nursery stock for the California cannabis industry. The New Facility was built by GCI – Green Capital Investments, LLC.

The New Facility enables a 30x increase in production capacity from Phinest’s original facility and incorporates state-of-the-art design and construction. The New Facility is capable of producing upwards of 15 million fully rooted cannabis plants yearly. Fred Barnum (Managing Member of the Developer) states, “The New Facility represents the future of tissue culture nursery operations. It is purpose-built, creating an environment that supports high phytosanitary standards to deliver the healthiest and most vigorous plants to licensed California cultivators and retailers.

“The New Facility includes space for tissue culture micropropagation production, rooting and hardening of plantlets, and research and development. Matthew Wich (COO for the Company) says, “Every aspect of the New Facility upholds the quality that has built Phinest’s reputation as a leading cannabis nursery operator. For our breeding and genetics partners, the New Facility provides a platform that delivers the best expressions of their work to the largest customer base.”

The New Facility enables a 30x increase

Agro Universities

The collaboration is part of FMC’s multi-year scholarship programme for renowned agricultural schools across eight states in India aimed at promoting talent in the field of agriculture

FMC India, an agricultural sciences company, has signed a Memorandum of Understanding (MOU) with one of the country’s premier agriculture universities – Punjab Agricultural University (PAU) in Ludhiana. The collaboration is part of FMC’s multi-year scholarship programme for renowned agricultural schools across eight states in India aimed at promoting talent in the field of agriculture. The MOU was signed by Dr Anandakrishnan Balaraman, Director, Research & Development at FMC India, and Dr Shammi Kapoor, The Registrar, PAU in the august presence of Dr Sandeep Bains, Dean, Post Graduate Studies, other Directors, Deans and Heads of various departments of the university.

Under the agreement with Punjab Agriculture University, FMC will award four scholarships annually to students from the university pursuing doctorate and master’s degrees in agricultural sciences. FMC will work with the university to identify its brightest students and develop their passion for science and research. Fifty percent of the scholarships have been earmarked for female candidates to encourage more women to pursue careers in agricultural sciences and research.

“The FMC Science Leaders Scholarship Programme is designed with an aim to create greater opportunities for aspiring scientists to develop their aptitude in agricultural research. Additionally, through the FMC scholarships, the awardees will be provided opportunity to internship and industry mentorship for their overall development. This will encourage students to pursue rewarding careers in the agricultural industry and eventually contribute to Indian agriculture by solving the emerging problems of the farming community,” said Dr Anandakrishnan Balaraman, Research and Development Director at FMC India.

The collaboration is part of FMC’s multi-year

AgroPolicy, Trade

IBSM aimed at boosting exports of Apricots and other agri products from Ladakh

Agricultural and Processed Food Products Export Development Authority (APEDA) in collaboration with Union Territory of Ladakh has recently organised an International Buyer Seller Meet (IBSM). 

IBSM aimed at boosting exports of Apricots and other agri products from Ladakh.

Eighteen entrepreneurs from UTs of Ladakh and Jammu and Kashmir displayed a range of Apricots and other Agri Products. Twenty buyers from India, USA, Bangladesh, Oman, Dubai participated in this event. 

More than 30 producers of Ladakh Apricots and other agro products and stakeholders from UTs of Ladakh and Jammu and Kashmir participated to interact with the importers and exporters providing platform to growers, entrepreneurs from UTs of Ladakh and Jammu and Kashmir to display their products and facilitate B2B interactions. 

APEDA, under its initiative to boost exports from Himalayan Region is encouraging States and UTs to harness their potential of agricultural produce exports. A platform will be created for the buyers to get the products directly from the producer group and the processors.

IBSM aimed at boosting exports of Apricots

AgroPolicy, Interaction

The two countries agreed to expeditiously finalise a new MoU for agricultural cooperation so that rapid progress can be made on various bilateral agricultural issues

The visiting Minister of Agriculture and Livestock Development of Nepal, Mahendra Rai Yadav, held a meeting with the Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar on June 8, 2022. During the meeting, Tomar assured all possible cooperation from India’s side to Nepal. Also, the two countries agreed to expeditiously finalise a new Memorandum of Understanding (MoU) for agricultural cooperation so that rapid progress can be made on various bilateral agricultural issues.

Tomar spoke of strengthening cooperation with Nepal in all fields including agriculture and informed that India has made great progress in the field of research and development in agriculture and allied sectors. Tomar said that Nepal can learn from the Indian agricultural system, whenever required.

The Nepalese Minister requested the agriculture minister Tomar to extend cooperation in the field of agriculture technology, Murrah buffalo breed, resolution of quarantine issues at border points and supply of animal vaccines etc. Tomar assured the Nepal delegation of early resolution of the issues raised by them.

The two countries agreed to expeditiously finalise

Company News

Sonalika Tractors has registered a dominating best ever May sales with 12,615 units which was powered by stupendous 42.1% growth

Revolutionising the tractor industry with its heavy duty tractor portfolio, Sonalika Tractors has further reinforced its FY’23 platform for an electrifying year ahead. Sonalika has continued to register yet another dynamic performance in new financial year and clocked its highest ever May overall tractor sales of 12,615 units. The extraordinary performance includes stupendous 42.1 per cent growth over the 8,878 tractor sales recorded in May 2021 as the demand for advanced tractors continues to see uptick across the industry.

Speaking on the staggering performance, Raman Mittal, Joint Managing Director, ITL, said, “It feels invigorating as all our concerted efforts have resulted in another electrifying performance by Sonalika in May 2022. With a record 42.1 per cent growth, we have registered our highest ever May sales of 12,615 tractors. Sonalika truly believes in addressing specific farmer requirements and deliver dynamic tractor performance as well as affordability for farmers’ peace of mind. Favourable factors such as consistent increase in MSP by government, improved rabi crop procurement and now the timely arrival of monsoon in the country will set up viable platform for agriculture activities to flourish in FY’23.”

Sonalika Tractors has registered a dominating best

People

Deere has announces senior leadership changes including Ryan Campbell as President, Worldwide Construction & Forestry; Raj Kalathur as CFO

Deere & Company has announced that its Board of Directors elected Ryan Campbell as President, Worldwide Construction & Forestry and Power Systems effective May 31, 2022. He is succeeding John Stone, who has elected to leave the company.In his new role, Campbell will be leading the Construction & Forestry team to increase the adoption of precision technology in earthmoving, forestry and roadbuilding applications, as well as delivering a broad range of electric and hybrid-electric product models – all with a goal to boost economic value and sustainability for customers. Campbell will additionally be leading the company’s commitment to deliver viable low/no carbon alternative power solutions via Deere’s Power Systems group.

“Ryan’s record of success and proven leadership skills make him highly qualified to ensure we will make continued progress executing our smart industrial strategy and in serving our construction, forestry and power systems customers at the highest level,” said John C May, Chairman and Chief Executive Officer.

Deere also announced the election of Raj Kalathur as the company’s Chief Financial Officer. He will retain his present duties for John Deere Financial and have continued oversight for information technology. His areas of responsibility as CFO include accounting and reporting, treasury, taxes, internal audit, strategy and business development, sustainability, and investor relations.

Prior to assuming his current role, Kalathur was President, John Deere Financial and Chief Information Officer (CIO) where he led the team responsible for ensuring that John Deere equipment customers throughout the world have ready access to competitive financing. Under Kalathur’s leadership, the John Deere Financial loan portfolio has grown to over $50 billion. In addition, Kalathur served as CIO and successfully helped lead the company’s digitalisation journey.

Deere has announces senior leadership changes including

AgroPolicy

Wheat procurement in RMS 2022-23 has so far benefitted 17.50 lakh farmers with an MSP value of Rs 37,192.07 Crore

The Food Ministry has recently announced that the government of India has procured 184.58 lakh tonnes of wheat at an MSP value of Rs 37,192.07 crore so far in the ongoing 2022-23 rabi marketing year, benefitting 17.50 lakh farmers.

According to the ministry, 96.16 lakh tonnes of wheat have been procured in Punjab, 44.45 lakh tonnes in Madhya Pradesh, 40.97 lakh tonnes in Haryana, 2.84 lakh tonnes in Uttar Pradesh till May 29 of the current marketing year.

Upto May 29, 2022 a quantity of 184.58 LMT of wheat has been procured, benefiting about 17.50 Lakh farmers with MSP value of Rs 37,192.07 crore.

Paddy procurement under central pool is progressing smoothly in Kharif Marketing Season (KMS) 2021-22, in various procuring States/ UTs.

Upto May 29, 2022, a quantity of 810.05 LMT of Paddy (includes Kharif Crop 754.69 LMT and Rabi Crop 55.37 LMT) has been procured, benefiting 117.05 Lakh farmers with MSP value of Rs 1,58,770.64 crore.

The wheat procurement target has been revised downward to 195 lakh tonnes for the current year from the earlier 444 lakh tonnes due to a fall in wheat output and increased exports.

Wheat procurement in RMS 2022-23 has so

Agrotech, Live Stock

The facility will initially produce both chicken and beef, and with the planned capacity, will be able to distribute products to millions of customers across the United States

GOOD Meat, the cultivated meat division of Eat Just, Inc, has signed an exclusive multi-year agreement with ABEC Inc to design, manufacture, install and commission the largest known bioreactors for avian and mammalian cell culture. With a long history of bio-process equipment innovation, ABEC has the most experience and largest capacity in the biotech industry.

Ten 250,000-liter bioreactors will form the foundation for GOOD Meat’s large-scale cultivated meat facility, which will be located in the United States. When fully operational, the complex will have the capacity to produce up to 30 million pounds of meat without the need to slaughter a single animal.

The facility will initially produce both chicken and beef, and with the planned capacity, will be able to distribute products to millions of customers across the United States.

GOOD Meat remains the only cultivated meat manufacturer in the world to secure regulatory approval.

The facility will initially produce both chicken

Agro chems – Fertilizers

This strategically important visit came in the backdrop of the ongoing global fertiliser crisis

In a first of its kind initiative, a high level delegation led by Dr Mansukh Mandaviya, Union Minister of Health & Family Welfare and Chemicals & Fertilisers visited Jordan from May 13-15, 2022 with the objective of securing fertilisers and raw materials, both for short and long term. This strategically important visit came in the backdrop of the ongoing global fertiliser crisis.

Dr Mandaviya stated that the Jordan visit proved to be path breaking in terms of ensuring supply of Phosphatic and Potassic fertilisers to India. MOUs were signed with Jordan Phosphate Mining Company (JPMC) for supplies of 30 LMT Rock Phosphate, 2.50 LMT DAP, 1 LMT phosphoric acid for the current year with the Indian public, cooperative and private sector companies. India has also signed a long term MOU for 5 years with Jordan for annual supplies of 2.75 LMT of MoP which will uniformly increase every year up to 3.25 LMT, he added. “These supplies will be crucial for assured fertiliser supply for the ensuing cropping seasons in India”, the Union Minister highlighted. 

The Indian delegation led by the Union Minister of Chemicals and Fertilisers visited the JPMC mines and Phosphoric Acid production facilities set up by JIFCO and Indo-Jordan Company. The delegation was warmly greeted by all the Indian engineers and labour force working in these facilities. They appreciated the visit by the Minister which has been first of its kind and will go a long way in increasing their morale while working on the foreign soil.

This strategically important visit came in the