Hi, NewsWrap for August 06, 2022

06-August-2022: Dhanuka, LEAF, IFFCO, Bayer, Food Processing Industry News

6 August 2022

Dhanuka Launches 3 New Products in Patna

Dhanuka Agritech Company launches 3 new Products ‘Cornex, Zanet and Decide’ at Patna. One of the products Cortex which will empower the maize farmers by its dual mode of action and help to control major weeds in their crop and Zanet is also a product developed by Dhanuka which is a unique combination of Fungicide & Bactericide that effectively controls complex disease infections on tomato crops, another one is DECIDE which one-shot solution for Chilli Farmers. In this event Dhanuka’s Chairman RG Agarwal addressed the farmers and told to farmers to use good and quality pesticides at right time by identifying the pest. Also Rahul Dhanuka COO of the company talked about company's strengths, mission and vision.
Govt Allows Extra 1.2 MT Shipments on Sugar Exports

The government relaxed the quantitative restriction of 10 million tonnes on sugar exports and allowed shipments of an additional 1.2 million tonnes. This decision will help mills to improve their liquidity by Rs3,600 crore and clear cane price payment of farmers.
13 Lakh Farmers Receive Irrigation Subsidy!

Madhya Pradesh. the irrigation subsidy amount was transferred into the accounts of 13 lakh farmers of Malwa and Nimar. Pradyuman Singh Tomar, the state's energy minister stated that DBT is working well for transparency and timely information about the help being given to farmers. This is a great step in the direction of digitization.
LEAF, IFFCO Kissan Finance Comes Together To Help Marginalised Farmers

Ooty-based Lawrencedale Agro Processing (LEAF) has entered into a strategic partnership with agri-focused IFFCO Kisan Finance Ltd. to provide organised financial products and services to 50,000 marginalised farmers in Tamil Nadu, Andhra Pradesh and Karnataka.
India’s Food Processing Industry Could Reach USD 530 Billion by 2027

Indian food processing industry is on the verge of a transformation, with a strong agricultural background and several favourable trends supporting its progress. The industry could potentially grow at a CAGR of 10-11 percent to reach $500-530 billion by 2027. The company report's Knowledge Partners, India has emerged as a global agricultural powerhouse, and it is now the world's second-largest agricultural producer, leading in the production of cereals, pulses, fruits and vegetables, sugar, and milk.
Russia May Downgrade Its 2022-23 Grain Export Plan: Agriculture Ministry

According to Russian Agriculture Minister Dmitry Patrushev, there is a chance that the nation won't harvest 130 million tonnes of grain this year and that it would scale back its export plans. Climate anomalies and logistical issues, according to the ministry, are additional factors posing serious threats to global food security in the current crop year.
Bayer Expands Its Current Investment to Acquire Majority Share in CoverCress

A shareholders' agreement has been executed by Bayer, Bunge, and Chevron U.S.A. Inc. (Chevron), a division of Chevron Corporation, in conjunction with Bayer's acquisition of a 65 percent controlling stake in winter oilseed producer CoverCress, Inc. (CCI). Bunge and Chevron will continue to be the owners of the remaining 35% of CCI.