The government of India recently raised the import duty on edible oils by 12.5 per cent to 15 per cent across the board to support the farmers to receive the remunerative prices for their produce.
The government has sanctioned 42 mega food parks (MFPs) to be set up in India under the mega food park scheme. Out of these, 36 projects have been accorded final approval, and another two projects have been accorded in-principle approval.
According to the plan, Kolkata, Chennai and the Jawaharlal Nehru Port Trust (JNPT) area in Mumbai will have a state-of-the-art food lab each in the next three years. The apex food regulatory already owns a lab in Ghaziabad
The agriculture sector is all set to repeat the last year’ record food grain production at over 275 million tonnes in 2017-18 on good rains but farmers’ woes may continue if prices crash below the support price.
The shift from the unorganised to the organised players has accelerated due to the impact of demonetisation and GST. With more than 75% of the market share with the unorganised players, the opportunity for the organised dairy players is huge.
The world’s freshest tea brand, Teabox, announced that it has closed Series B funding from Singapore-based investment firm RB Investments, with participation from existing investors.
The rapid growth of the AI in agriculture market can be attributed to various factors including the growing demand for agricultural production. Machine learning-enabled solutions are being significantly adopted by agricultural organizations and farmers to enhance farm productivity
Indian Food Sharing Alliance (IFSA) creates a network of the food collection agencies and brings together citizens, food businesses, corporate, civil society organizations, volunteers and government and local bodies in a coordinated manner to prevent food being lost or wasted.
Food Safety and Standards Authority of India (FSSAI) and Indira Gandhi National Open University (IGNOU) have signed an MoU for implementation of FSSAI’s Food Safety Training and Certification (FOSTAC) programmes through IGNOU network.
The facility would help the farming community’s transition from traditional wheat-crop cycle to more lucrative crops, the chief minister said, adding such projects would be instrumental not only in saving the state’s crunched fertile land and water resources but also in boosting farm income.