IFFCO may anchor new co-op to tap unexplored ₹40,000-crore Indian seed market
The new entity may rope in 63,000 PACs for retailing, take a chunk of private sector’s revenue
A new seed co-operative proposed to be named Bharatiya Sahakari Beej Samit (BSBS) is likely to start operating this month, potentially taking away a sizeable revenue from the private sector in the ₹36,000-crore domestic seed market. Earlier this week, the Union Cabinet approved the establishment of the multi-State seed co-operative society along with a national export society and a national co-operative society for organic products.
The co-operative will be located inside IFFCO’s corporate office. The co-operative has officially been mandated to tap the potential in the unexplored ₹40,000-crore seed market. Farmers will use a part of their own crop as seeds, while BSBS will dent the existing market dominated by the private sector when it launches its operations, experts said.
‘Triple-dip’ La Niña tail delivers North India the chill as core winter sets in
IMD warns of cold to severe cold conditions over the plains of the region variously for next four to five days
The lingering ‘triple-dip’ La Niña is sending a shiver down the collective spine of North-West India as it catches up with the core winter season starting in January.
Cold wave to severe cold wave conditions is forecast here for the next four-five days.
The sweep of the frigid air will be so deep India Meteorological Department (IMD) has warned of a cold wave to severe cold wave conditions for parts of North Rajasthan until Wednesday (January 18) and cold wave conditions in isolated pockets over interior Karnataka in the farther South on Saturday and Sunday; Himachal Pradesh from Sunday to Wednesday; Punjab, Haryana, and Chandigarh from Monday to Wednesday; and Uttar Pradesh and Madhya Pradesh on Tuesday and Wednesday.
CAI further trims cotton crop size for 2022-23 to 330.5 lakh bales
Projects decline in output for Andhra Pradesh, Karnataka, Maharashtra, Telangana, Punjab
In its latest crop projection for the 2022-23 season, the Cotton Association of India (CAI) has further reduced India’s cotton crop size to 330.50 lakh bales (each of 170 kg), down by 9.25 lakh bales from the earlier projection released in December 2022.
The latest crop projections released in January 2023 stating crop size at 330.50 lakh bales indicates the crop to be higher by 23.45 lakh bales as against 307.05 lakh bales recorded in the previous year.
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