Teas worth ₹4.32 crore unsold at Coonoor auctions
Teas worth ₹ 4.32 crore remained unsold at Sale No: 3 of the auctions of Coonoor Tea Trade Association (CTTA) as there were no takers for about 20 per cent of the offer despite the average price dropping to ₹133 a kg – the lowest so far in 2021.
The demand was generally less compared to the previous weeks as upcountry buyers and exporters turned selective for some grades. For the first time in 2021, no tea could cross ₹300/kg mark.
India aims to increase seaweed production to 11.5 lt in five years: Fisheries Secretary
India is aiming to increase seaweed production in the country to 11.5 lakh tonnes from the current production levels of 2,500 tonnes in the next five years. This can be achieved by using just 1 per cent of its 8,000-kilometre-long coastline, said Fisheries Secretary Rajiv Ranjan on Monday.
Globally, seaweed production is $12-15 and is expected to grow to $26 billion by 2025. Currently, China and Indonesia have 80 per cent of the market share. “Even if India aims only for the low-hanging fruits in the sector, it can easily achieve the target itset. Currently, seaweed production in India is primarily confined to the Gulf of Mannar and Palk Bay in Tamil Nadu,” Ranjan said at a curtain raiser event here for an international webinar on entrepreneurship development on seaweed business to be held later this week.
MRPL sets up vermi-composting unit for solid waste management
Mangalore Refinery and Petrochemicals Ltd (MRPL) has set up a vermi-composting unit to handle solid waste in its campus effectively.
The company’s press release said that MRPL, which is spread over a campus of 2,000 acres, generates a significant amount of solid waste, including leaves, cut grass, vegetable waste, etc.