Media Monitor
Agriculture Industry
Rural Economy Will Grow at 5% Due to COVID; FMCG Demand to Outgrow Urban Market: Rural Marketing Expertedit
Mr. Pradeep Kashyap predicted that the rural economy would grow, whereas the industry and services sectors will shrink around 5 percent. Rural demand for FMCG will grow faster than urban, and companies may need to tweak their business models to set new price points. The rural growth will be fuelled by the rise in internet users and women in the formal workforce, better roads ensuring last-mile delivery, and easy loans to SMEs. In the pre-pandemic times, the Indian farming market, a segment of the rural market, was projected to grow at a CAGR of 10.8 percent during 2019-2024.
Kaveri Seeds stock may rise over 30% in next two quartersedit
The Indian food industry is creating immense value addition, particularly within the food processing industry on the back of huge potential for future growth. The Indian food and grocery market is sixth largest in the world with retail accounting for 70% of the total sales. The Indian food processing industry accounts for 32% of the country’s total food market and is ranked fifth in terms of production, consumption and exports. It contributes around 8.80% and 8.39% of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13% of India’s exports and 6% of total industrial investment. Agriculture is the primary source of livelihood for half of the country’s population with the government targeting food production of ...
Indian Agritech Landscape Ripe For VC Investingedit
We have witnessed a surge in VC investments in the agritech space over the last couple of years – Arya Collateral Warehousing Services Pvt. Ltd., Bijak, Clover, DeHaat, Jai Kisan, VeGrow among many others.
In my Accel days, agritech was a nascent sector. The market opportunity was huge but the pool of high-quality startups and founding teams in the country was small. My first exposure to the sector happened through Agrostar. I was very fortunate to co-lead (alongside a partner) the fund’s Series B round of investment in the company. Following the investment, the company went on to raise a $27 Mn Series C round in 2018. It was an immense pleasure to work with the founders (Shardul and ...
The ethical treatment of plantsedit
There’s an increasing number of people who are hectoring the world about our abominable treatment of animals, especially those bred and “farmed” for food and they try very hard to make these people give up steaks and smoked ham and eat leaves instead. Many of their criticisms are valid and we ought to be more humane in our dealings with them (though doing so while killing something might seem paradoxical). Ah, yes, and now here comes the “but”!
Let’s look at the way we treat plants. First, let’s remind ourselves of what green plants do for us. They shower oxygen and clear up carbon-dioxide meant to suffocate us. They pump up and purify water from the earth’s ...
Rain, sowing data and labour movement predict an early and plentiful harvestedit
We don’t get such good weather often,” says Kirpal Singh over the phone from Kairana in western Uttar Pradesh. “It rains well and then the sun shines for a few days. Then it rains again,” Singh, who cultivates sugarcane and rice, says.
“It is ideal for farming.”
Sun, rain NSE -1.46 % and clean air have provided the silver lining in an otherwise bleak year so far. Rains have more or less evenly blessed the farming districts of the subcontinent, although some parts in Bihar, Assam, Gujarat, Telangana and Andhra have been hit by floods. Combined with availability of labour in villages due to reverse migration forced by the coronavirus pandemic, kharif sowing has been early and even, ...
For the first time, farm sector set to grow even as GDP sees a contractionedit
April-June may be the first time that India’s economy would contract year-on-year since the government started coming out with quarterly estimates of GDP from 1996-97. But the data for the quarter, to be released by the National Statistical Office on August 31, could also show GDP falling for the first time in spite of agricultural production going up.
The country’s GDP registered an annual decline, at minus 5.2%, last in 1979-80. But that year also recorded negative growth for agricultural GDP, at minus 12.8%. Even the previous GDP contractions of 0.3% in 1972-73, 3.7% in 1965-66, and 1.2% in 1957-58 were accompanied by farm output falling by 5%, 11% and 4.5% respectively.
Dairy Farming
Provide fresh fodder to livestock, dairy owners toldedit
Recently there were reports of illness with symptoms of respiratory distress and fever at various dairy farms in the state. Since the prevailing hot and humid climatic conditions are favourable for the growth of microorganisms, resulting in disease outbreaks in animals, such outbreaks would result in serious implications leading to sickness and high mortality of dairy animals, causing huge economic losses to farmers.
Scientists of the Animal Disease Research Centre of the Guru Angad Dev Veterinary and Animal Sciences University (GADVASU) also investigated the outbreak of the respiratory infections with high mortality in Khanna.
Milk Mantra in talks to acquire dairy plant in Kolkata, set up curd plant in Odishaedit
Dairy firm Milk Mantra is planning to acquire a plant in Kolkata and set up a new plant for curd at its existing facility in Odisha at an estimated investment of around Rs 70 crore as part of its strategy to expand business, a top company official has said.
In an interview with PTI, its founder Srikumar Misra said the company is in discussion with a few players to acquire a dairy plant in Kolkata.