Agriculture Current Affair 18 June 2022

Govt of Assam committed to promote an enabling agriculture enterprise ecosystem in the state: Dr. Ashish Bhutani

Dr. Ashish Bhutani, State Project Director of Assam Agribusiness and Rural Transformation Project (APART) said that Government of Assam is committed to promote an enabling agriculture enterprise ecosystem in the state.

Assam Agribusiness Growth Lab, an APART led acceleration program in partnership with CIIE.CO, IIM Ahmedabad’s incubator, completing its inaugural cohort, successfully staged “Pitching & Demo Day” on Friday.

The Demo Day was a coming together of stakeholders, government agencies, financial bodies, investors, buyers with the AAGL entrepreneurs in focus. Industry stalwarts present were from DIC, NEDFi, NRL, NABARD, HDFC bank NSE 1.63 %, North East Small Finance Bank, CII, FINER, SELCO Foundation, Department of Fisheries, Department of Agriculture, ARIAS Society, World Veg, World Fish, IRRI etc.

WTO fish sops pact: Draft leaves out India’s proposals, 25 year exemption cut to 7 years

In a setback to India, the draft agreement on fisheries subsidies at the World Trade Organization (WTO) has done away with New Delhi’s proposals to put an end to non-specific fuel subsidies or those that are not targeted at a particular industry such as those given by the US and EU to their transport and water sports and lead to illegal, unregulated and uncontrolled fishing globally.

The draft also allows only seven years’ transition period for developing countries as against India’s proposal that developing countries not engaged in distant water fishing should be exempt from overfishing subsidy prohibitions for 25 years.

Fishing beyond 200 nautical miles from the seashores of a country is called distant water fishing.

Inflation hits popular food combo: Consumers feel the pinch of rising chicken and rice prices

Consumers are feeling the pinch of rising chicken and rice prices. Chicken prices have touched five year high this summer as unusual heatwave has killed a good volume of chicks and the poultry feed prices have skyrocketed by more than 80 per cent due to the absence of corn supply from Ukraine. The retail prices of chicken this summer is 33 per cent higher than last year and has doubled from five years ago.

Prices of chicken will cool off in October-November when harvesting of soyabean, a key ingredient for animal feed, starts. At present, chicken is commanding a price of Rs 240 per kg.

Rice prices, which had cooled off a bit, have again shot up by 9 per cent in the last two weeks as the news spread that Bangladesh will import rice to meet its domestic demand and will buy it from private traders.

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