India argues against farm tariff concessions to ease Covid-19 woes
India has questioned the rationale of joint statements issued by some countries at the World Trade Organization (WTO) pushing for greater opening of markets for agricultural products. It has argued that for developing countries, export restrictions are a tool to prevent domestic shortages and are essential.
The country made a case against permanent tariff concessions or a dilution of the tariff bindings at a special meeting of the Committee on Agriculture (CoA) in Geneva recently.
Q1 tea export earnings crash 22%
ndia’s tea export in the first quarter (Q1) of current calendar has taken a beating on all fronts.
An analysis of the latest data available with the Tea Board shows that India’s shipment suffered despite the exporters sacrificing their asking price because of a general fall in demand.
The spread of Covid-19 in many countries since February resulted in less export trade because of restrictions in opening the shops and transportation in the importing countries.
Crofarm forays into B2B2C space via Otipy platform
After routing fresh produce from the farm gate to retailers, agri-tech startup Crofarm has forayed into the business-to-business-to-consumer (B2B2C) space with the launch of the Otipy platform.
Co-founder and Chief Executive of Crofarm Varun Khurana told BusinessLine that Otipy was powered by social media to strengthen the supply chain of the fresh produce.
The model works closely with reseller partners (mostly women) for taking the fresh produce to the customers’ doorstep.