CAI pegs November cotton arrivals at 77 lakh bales
Trade body Cotton Association of India (CAI) has estimated cotton arrival for the month of November at 77 lakh bales.
CAI has released the November month arrivals and the monthly cotton balance sheet.
In its monthly balance sheet for November 2021, the CAI has estimated total cotton supply at 154.76 lakh bales of 170 kgs. each, which consists of the arrivals of 77.76 lakh bales of 170 kgs. each, imports of 2 lakh bales of 170 kgs. each during the month of November 2021 and Opening Stock of 75 lakh bales of 170 kgs. each at the beginning of the season on 1st October 2021.
Centre rules out hike in minimum selling prices of sugar; exports may touch 60 lakh tonnes in 2021-22
Food Secretary Sudhanshu Pandey on Friday ruled out hike in the minimum selling price of sugar from current Rs 31 per kg as domestic rates are higher and expressed confidence that exports will touch 50-60 lakh tonnes in the current marketing year starting October. Addressing 87th Annual General Meeting (AGM) of the Indian Sugar Mills Association (ISMA), Pandey pointed out that ethanol blending with petrol touched 8.1 per cent during 2020-21 as against the target of 8.5 per cent and stressed on achieving the 10 per cent target in the current year.
He asked sugar mills to invest in creating storage capacity for ethanol so that they can supply the green fuel to OMCs on a regular basis.
Pandey highlighted the government came to the rescue of the sugar industry, which was facing liquidity issues few years back because of surplus production and depressed price.
Agri tech firm AgNext to assess Lakadong turmeric using curcumin testing technology
Agri tech firm AgNext Technologies, in partnership with Spices Board of India has deployed its innovative curcumin testing technology for assessment of Lakadong turmeric, which is grown in the Jaintia Hills, Meghalaya. This is the first time in Meghalaya that AI-based technology is being used for rapid quality assessment of Lakadong turmeric, a media release issued by the company said.
Additionally, the Spices Board and turmeric farmers will also have access to AI-enabled SaaS platform ‘Qualix’, which will help to digitize quality, generate critical insights and enable traceability across the supply chain.
Lakadong turmeric is globally considered to be one of the best quality turmeric with high curcumin content (between 7-12%), as compared to other varieties of turmeric where the average curcumin content is measured between 3-5%.
