Troubled year turns out to be a turning point for India’s agri-tech segment

The unprecedented disruption caused by Covid-19 last hit most industries hard, except maybe the agri-tech sector which was actually fast tracked by the crisis year. Agri-tech that broadly entails bringing in new age technology tools or platforms like Internet of Things (IoT), Artificial Intelligence (AI), data analytics, etc. in agricultural practices — including allied segments like […]

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Dairy focused Moneyboxx Finance reports smooth collection during moratorium period

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In what could be seen as an example of India’s agri and allied business doing well despite harsh economic impact of Covid-19, Moneyboxx Finance that is focused on lending to the dairy sector has reported high repayments even during the government-mandated loan moratorium between April and Septembet. “ In the April- June quarter when the loan […]

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Liquid milk sales in India to sustain momentum despite fall in institutional demand due to Covid – report

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Growth of liquid milk sales in India is not seen being impacted by a sharp fall in institutional demand for dairy products due to a pandemic-led lockdown in the first half of the year, according to a report by credit ratings agency ICRA. Speaking with indoasiancommodites.com, Gaurav Jain, Vice President (Corporate Ratings), ICRA, said household […]

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Global food prices continue rising in October

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Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 100.9 points in October 2020, […]

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Global food commodities index rises as prices of several staples reach multi-month highs

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The global benchmark price index for food commodities rose in September, led by vegetable oils and cereals, according to a report from the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 97.9 points during the month, up 2.1 percent from August and 5.0 percent higher than its value in September 2019. […]

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International skimmed milk powder (SMP) prices hit a seven-month high, bringing cheers to dairy owners across India

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International skimmed milk powder (SMP) prices have hit a seven-month high, reports Indian Express. Last week, prices of SMP at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $2,889 per tonne. This was a 8.5 per cent jump over the previous auction rate of $2,663 on September 1 and […]

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Interview – Amul grew bigger during lockdown, but there are challenges ahead for industry, says Sodhi

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Many large companies struggled with severe supply chain bottlenecks during the Covid-triggered lockdowns in India, but Amul – one of the biggest brand — only got bigger, gaining more market share as household demand for milk and milk products rose with people stuck at home, R.S. Sodhi, Managing Director of the Gujarat Co-operative Milk Marketing […]

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