22-February-2024: PM KISAN 16th Installment Date, IFFCO Ranked Number 1 Cooperative, Sugarcane FRP, Guar International Conference 2024, Corteva Agriscience

22 February 2024

• PM KISAN 16th Installment Date Announced; These Farmers Will Not Get Rs. 2000

  The much-anticipated PM KISAN 16th Installment is set to be disbursed at the end of February. The central government, as per the announcement on the PM Kisan website, has scheduled the release of the 16th installment for February 28th. Under this scheme, eligible beneficiaries receive an annual cash benefit of Rs. 6,000, distributed in three equal installments of Rs. 2,000 each.

• IFFCO Ranked Number 1 Cooperative Among Top 300 Cooperatives Worldwide

  The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has been ranked again as Number 1 Cooperative among the top 300 cooperatives in the world, sustaining its position from last year. The ranking is based on the ratio of turnover over gross domestic product (GDP) per capita. It signifies that IFFCO is contributing significantly to the GDP and economic growth of the nation. It relates the turnover of the enterprise to the wealth of the country according to the 2023 edition of the 12th Annual World Cooperative Monitor (WCM) report published by the International Cooperative Alliance (ICA).

• Govt Approves Rs 25 Hike in Sugarcane FRP Amid Ongoing Farmers' Protest

  The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given the green light to the Fair and Remunerative Price (FRP) of sugarcane for the upcoming Sugar Season 2024-25. Set at Rs 340 per quintal, with a sugar recovery rate of 10.25%, this decision marks a significant milestone in the agricultural sector. Notably, this price is approximately 8% higher than the FRP for the current season, 2023-24. The revised FRP will come into effect from October 1, 2024.

• Guar International Conference 2024 Ushers in a New Era of Innovation and Networking in Jaipur

  In a groundbreaking move towards fostering innovation and global impact, the Guar International Conference 2024 is set to redefine the landscape of commodity trading and risk management. The conference, scheduled for March 1, 2024, at Fairfield by Marriott Jaipur, promises an unparalleled opportunity to "Grow Beyond Limits. Dive into a world where boundaries are challenged and possibilities are limitless. This exclusive event, boasting a stellar lineup of industry leaders and experts, offers a platform for networking, idea exchange, and skill enhancement.

• Researchers Warn Regarding Potassium Depletion in Agricultural Soils Worldwide: Know What Can be Done

  A study conducted by Will Brownlie from the UK Centre for Ecology & Hydrology, alongside Mark Maslin from University College London, and Peter Alexander from The University of Edinburgh, has cautioned people on the overlooked crisis of potassium depletion in soils worldwide. This deficiency poses a significant threat to global food production, potentially threatening the ability to sustainably feed the planet's growing population.

• Corteva Agriscience Launches Salibro to Safeguard Indian Crops from Nematode Menace

  Corteva Agriscience, a global leader in agriculture solutions, has introduced Salibro nematicide to the Indian market. This innovative product, powered by Reklemel active, offers farmers a targeted and environmentally friendly solution to safeguard their crops from destructive nematodes while promoting soil health. Plant-parasitic nematodes, minute organisms inhabiting soil, pose a significant threat to horticultural crops such as capsicum, cucumber, tomato, and Brinjal. These elusive pests cause damage on crop roots, impacting farmer productivity and profitability.