AgroSpectrum - AgroSpectrum India May 2024

In this issue

From Traditional to Tech-Driven: APAC Precision Farming Market Ripe for Growth
The Asia-Pacific Precision market is projected to grow at a compound annual growth rate (CAGR) of 16.4 per cent to reach $2.62 billion by 2026, according to a report by Markets and Markets. The increasing use of cloud-based technology, the growing adoption rate of modern farming techniques to enhance productivity and growing food demand are the major factors driving the precision agriculture market. The growing need to increase food production in the available agricultural land and government initiatives to increase the usage of modern technologies in
agriculture are propelling the market growth. However, the requirement of high initial investment and lack of awareness among the farmers are becoming obstacles to growth. The silver lining, though, is that in the Asia-Pacific region, the precision farming industry is steadily taking root through joint ventures between global agri-tech players and local companies.

DAFW releases First Advance Estimates of horticultural crops for 2023-24

The Department of Agriculture and Farmers’ Welfare (DAFW) has released the First Advance Estimates of 2023-24 of Area and Production of various horticultural crops compiled on the basis of information received from States/ UTs and other governmental source agencies.

1 min

Fisheries Dept integrates KCC Fisheries scheme onto JanSamarth Portal

In a bid to revolutionise access to credit facilities for fishers, fish farmers, among others, across the nation, the Department of Fisheries recently inaugurated the integration of the Kisan Credit Card (KCC) Fisheries scheme onto the JanSamarth Portal.

1 min

Syngenta AG posts $19,196 Mn consolidated sales in FY 2023

Syngenta AG, a wholly owned subsidiary of Syngenta Group, published its 2023 full year results.

1 min

UPL Corp leads $1.75 Mn investment in biological ag-tech innovators

UPL Corporation Ltd. (UPL Corp), a global provider of holistic and sustainable agricultural solutions, and Radicle Growth, a company-building platform investing in early-stage agriculture and food technologies, announced SOLASTA Bio as the winner of ‘the Radicle Natural Plant Protection (NPP) Challenge by UPL’, securing a $1 million investment, with the runner-up Impetus Ag, receiving a $750,000 investment.

1 min

Cropin, AWS collaborate to address global hunger and food insecurity

Bengaluru-based Cropin Technology, a global Agtech leader enabling intelligent agriculture and Amazon Web Services (AWS) India Private Limited have signed a Memorandum of Understanding (MoU) focused on enabling Cropin to build a solution to address the pressing issue of global hunger and food insecurity.

1 min

Gram Unnati ties up with CSC to create villagelevel digital marketplace for farmers

In a bid to boost market linkages to Indian farmers, Gram Unnati, India’s first integrated agri solutions company has tied up with Common Services Centre (CSC) E-Governance Services India Limited, to establish a digital platform that empowers smallholder farmers to market their produce efficiently.

1 min

ICAR-DCFR patents a diagnostic solution that rapidly detects deadly fish pathogen L. garvieae

In a significant stride towards combating the devastating impact of Lactococcus garvieae, ICAR- Directorate of Coldwater Fisheries Research (DCFR), Bhimtal clinched its patent for a pioneering diagnostic solution.

1 min

Australia to develop a National Statement on First Nations in Agriculture

All Australian agriculture ministers have agreed to develop a National Statement on First Nations in Agriculture.

1 min

From Traditional to Tech-Driven: APAC Precision Farming Market Ripe for Growth

The Asia-Pacific Precision market is projected to grow at a compound annual growth rate (CAGR) of 16.4 per cent to reach $2.62 billion by 2026, according to a report by Markets and Markets. The increasing use of cloud-based technology, the growing adoption rate of modern farming techniques to enhance productivity and growing food demand are the major factors driving the precision agriculture market. The growing need to increase food production in the available agricultural land and government initiatives to increase the usage of modern technologies in agriculture are propelling the market growth. However, the requirement of high initial investment and lack of awareness among the farmers are becoming obstacles to growth. The silver lining, though, is that in the Asia-Pacific region, the precision farming industry is steadily taking root through joint ventures between global agri-tech players and local companies. Let’s explore further.

10 mins

"Strengthening of IPR, a scientific regulatory system, market-based pricing and policy harmonisation is crucial for seed industry"

As of 2023, the Indian seed market is valued at 3,914.36 million and is projected to grow at a compound annual growth rate CAGR) of 7.41 per cent by 2029. Initial Public Offerings IPOs) from the seed business, which has recently captured the interest of investors, are something that Indian investors are eagerly anticipating. Foreign Direct Investment for the development and production of seeds and planting materials is allowed by the government. Leading seed firms are combining cutting-edge digital technology, lending a further boost to the market to mitigate the effects of pests, climate, and other external factors on farming. The agricultural sector is poised for a prosperous future because of the convergence of data science, artificial intelligence tools, cutting-edge phenomic analysis, and genetic sequencing. In a conversation with AgroSpectrum, Rajendra Barwale, Chairman, Mahyco, discusses key developments and challenges of this sector.

4 mins

"Streamlined and simplified regulatory framework for drone operations will encourage easier compliance"

Marut Drones’ recent acquisition of a utility patent for its direct seeding drone device, developed in collaboration with Prof. Jayashankar Telangana State Agriculture University PJTSAU), marks a significant stride in agricultural innovation. This patent recognises Marut’s pioneering multi- nozzle aerial seed dispensing technology, validated by PJTSAU for its efficacy in augmenting rice production. In a conversation with AgroSpectrum, Prem Kumar Vislawath, CEO and Founder of Marut Drones, delves into the pivotal role his company plays in sustainable agriculture, disease eradication, and facilitating last-mile medical delivery.

6 mins

Is Organic the Answer to India's Agri Sustainability?

Agriculture began around 10,000 years ago and marked the beginning of civilisation. It shaped the evolution of human societies, bringing food for sustenance, cotton for clothing and a host of commodities to trade in. Despite millennia of experience, however, agriculture continues to throw challenges. The old ones of weather and pests persist, even as some brand-new challenges have emerged. On the one hand, there's a growing population projected to increase by nearly two billion by 2050 from the present eight billion and on the other, shrinking farmlands. In India alone, cropland has shrunk by 69 million hectares between 2016 and 2022. The challenge to feed more while the cultivable land reduces is obvious. Issues related to the vagaries of weather and pests have been exacerbated by climate change. To top this, agriculture is a huge greenhouse gas emitter, accounting for 30 per cent of total emissions globally. Hence, lowering the carbon footprint of farming is imperative.

3 mins

How Silkworm Pupae Are Key to a Sustainable Agri Industry

Silkworms have a fascinating dual identity - they are not just producers of luxurious fibres but also providers of nutritious sustenance. For centuries, various regions across Asia, including North East India, have embraced silkworms as a delicacy, appreciating their culinary versatility and rich nutritional content. In states like Assam, Manipur, and Nagaland, silkworms have ingrained themselves into local cuisine and culture, consumed in myriad forms - roasted, boiled, fried, or as a key ingredient in traditional dishes.

4 mins

Why India's Push for Renewable Energy is Imperative

India's renewable energy sector is undergoing a transformative shift, fuelled by a plethora of factors that promise a sustainable and energy-secure future. India's commitment to expanding its renewable energy capacity, coupled with supportive government policies and technological advancements, is propelling this paradigm shift. Let's delve into the status, emerging trends, government support, challenges, and the way forward in India's renewable energy landscape.

4 mins

ICRISAT study unveils decentralised Biochar production system for farmlevel sustainability

A recent study by the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) scientists explores the design of an affordable, farm-level operable kiln for biochar production aimed at supporting smallholder farmers.

1 min

IIM Lucknow study reveals Agtech platforms' role in digitising Indian agriculture'

Indian Institute of Management Lucknow’s research underscores the importance of digitising India’s farming and agricultural sectors and its potential to revolutionise the entire industry.

1 min

CNH adds Multi-Vehicle Simulator to India Technology Center

CNH, a global leader in agricultural and construction solutions, announced the addition of a cutting-edge Multi-Vehicle Simulator (MVS) at the company’s India Technology Center (ITC).

1 min

Argus launches first low and zero-carbon nitrogen fertiliser assessments

Global energy and commodity price reporting service Argus launched the world’s first assessments for low and zero-carbon calcium ammonium nitrate (CAN), an important nitrogen-based fertiliser used extensively in Europe.

1 min

IFFCO inks MoU with ACME to buy 2 LMT of commercial grade ammonia

Cooperative fertiliser major IFFCO has signed a memorandum of understanding (MoU) with renewable energy company ACME for supply of commercial-grade ammonia.

1 min

FMC India launches innovative precision agriculture platform Arc farm intelligence

FMC India, an agricultural sciences company, has launched its innovative precision agriculture platform Arc farm intelligence in India.

1 min

APSEZ to acquire 56% stake in Gopalpur Port Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL).

1 min

Centre directs NCCF and NAFED to procure 5 lakh tonnes of onion

In the current year, the government has directed The National Cooperative Consumers' Federation of India Ltd (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) to initiate procurement of 5 lakh tonnes (LT) of onion for the buffer requirement directly from the farmers as Rabi-2024 harvest started arriving in the market.

1 min

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AgroSpectrum Magazine Description:

Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.