Reports of ayurvedic cure for Covid boosts demand for pepper
Local demand for spices seem to be slowly picking up, thanks to a reported campaign on ayurvedic cure for Covid-19.
This has created some enthusiasm in different States which started encouraging the use of pepper, ginger, cloves, cassia, etc for ayurvedic formulations to treat the pandemic. This is expected to perk up demand for pepper in the coming days, said Kishore Shamji of Kishor Spices.
Meanwhile, the pepper market in Kochi continued to remain steady on Friday at ₹310 per kg for ungarbled varieties. The offtake has improved at 30 tonnes, where 18 tonnes came from Wayanad and the remaining from Idukki.
Agritech start-up Brainwired raises funding
gritech start-up Brainwired, which provides livestock health monitoring and tracking solution has raised undisclosed funding from Mumbai Angels. The start-up provides software to adopt tech to reduce their expenses.
Brainwired is founded by Romeo Jerard and Sreeshankar Nair, who have a background in livestock industry.
One of the investors Kritk Abiram said: “Brainwired is a perfect Fitbit for Livestock, also enabling farmers to maximize their profits. Both co-founders have background in the livestock industry and they are very well versed with issues plaguing the sector.”
Non-basmati exports may rebound as India attracts new customers
After almost a 40 per cent decline in shipments during last financial year, India’s non-basmati rice exports are set for a rebound this year on demand from new buyers such as Malaysia and the Philippines, exporters said. Firming prices, coupled with a decline in rupee, is seen aiding the shipments of the cereal.
“The demand from new buyers such as Malaysia and the Philippines should help the recovery in exports this year,” said BV Krishna Rao, President of the Rice Exporters Association.