Hi, NewsWrap for August 01, 2022

01-August-2022: UPL Ltd., IFFCO, Bayer, New Holland Agriculture, Malaysian Palm Oil Prices

1 August 2022

Malaysian Palm Oil Prices Going up in Global Markets

Malaysian palm oil futures rose for a third straight session and ended Friday’s session on a positive note. Gains in soy oil bucked the upward trend. Soy oil is climbing higher over the past few days on concerns due to tight soybean harvest and perception of value buying since prices have turned reasonably cheaper when compared with prices prevailing one month back.
Himachal Pradesh Government Grants 6% GST Subsidy on Apple Boxes and Trays

The Himachal government has announced that all orchardists in the state who purchased apple boxes and trays after April 1 this year will be liable for a 6% GST subsidy through the horticulture department and HPMC. The decision comes days before an expected protest march of apple producers in Shimla on August 5.
Tamil Nadu Farmers Urge Agriculture Engineering Dept to Buy, Rent out Drones at Nominal Prices

Farmers from the Nagapattinam district, Tamil Nadu requested the agriculture engineering department to buy and rent drones for nano urea spraying at reasonable rates. The solid urea, which is allegedly in severe shortage throughout the coastal delta regions, has been replaced by nano urea (liquid) fertilizer, which is being promoted by the agricultural department, ICAR-Krishi Vigyan Kendra, IFFCO, and other institutions.
Farmers Throw Tomatoes in Trash after Price Dropped to Rs. 3 per kg

The sudden drop in the price of vegetables has put tomato farmers in a dilemma. Farmers were forced to throw their tomatoes in the trash after prices at the farms dropped to 3 per kg. Andhra Pradesh’s tomato farmers saw record yield due to persistent rainfall and favorable circumstances, which caused rates to suddenly drop. In May, tomatoes cost Rs 30 per kg, but they are currently only Rs 12 per kg in local markets. Farmers are therefore only being given Rs 3 per kg.
UPL Ltd Launches New Insecticide ‘IMAGINE’

UPL Ltd. organized a grand event for the launch of its new insecticide Imagine at Raipur in Chhattisgarh , Mr. Avanindra Shah, Business Head for India believs that UPL is the only Indian company which is working in 133 agricultural countries of the world and is counted among the leading companies in the world, this company solves solve the problems of farmers with latest solutions and get higher yields.
IFFCO Kisan signs MoU with Department of Agriculture, Gujarat

IFFCO Kisan signs MoU with Department of Agriculture, Govt. Of Gujarat this treaty will offer FFCONanoUrea and droneSpray services in 48K acres across 32 districts of Gujarat especially for small and marginal farmers.
Bayer Launches New Project ‘The Bayer Side of Life’

In the veiw of International Day of Self-Care, Bayer has recently launched a project The Bayer Side of Life, it is a relationship program that offers more than three thousand awards to registrants and those who are already registerted can already withdraw their first bonus Users can get more benefits by buying 50 dollars in participating products and being part of the Self-Care Journey, which will be fully developed through the program platform.
New Holland Agriculture Recieves 3 Awards at ITOTY Awards 2022

New Holland Agriculture, a brand of CNH Industrial, has taken the highest number of awards at the third edition of Indian Tractor of the Year 2022. New Holland has recived Best Tractor in the 46-50 HP, All Rounder Plus and in the Post-Harvest Solution of the Year for the New Holland Square Baler BC5060 and Best CSR Initiative for their innovative project on the prevention of crop stubble/residue burning and straw management.
Krishi Jagran Editor in Chief MC Dominic and Director Shiny Dominic met ICAR new DG at Krishi Bhawan in New Delhi

It's an inportant day for the agriculture industry as Dr Himanshu Pathak, who’s been appointed as the new Director General, ICAR (pls use full form) and Secretary of Department of Agricultural Research and Education met Krishi Jagran Editor in Chief MC Dominic and Director Shiny Dominic in his new office at Krishi Bhawan in New Delhi. In his meeting, he shared that everything will move ahead as they were. When asked about the priorities on his plate, he clearly mentioned he’ll share his plans as and when the time comes. While talking to Mr. Dominic and Krishi Jagran’s team he mentioned about 700 KVKs across the nation that could play a big role in times to come. The senior scientist and the winner of some of the most prestigious awards despite his back-to-back appointments was kind enough to share his precious moments with the Krishi Jagran team and open his heart about the sector he’s big plans for. We wish him all the best and ensure that KJ entire family stands with ICAR in all its initiatives directed towards agriculture progres
NCDEX MD And COO Met Niti Aayog Member

Arun Raste and Kapil Dev from the commodity exchange NCDEX met Prof. Ramesh Chand, member, Niti Aayog and had a discussion on how farmers can use the derivatives markets more effectively for increasing their price realisation and better price risk management.