Punjab CM Bhagwant Mann announces hike in sugarcane price to Rs 380 per quintal
Punjab Chief Minister Bhagwant Mann on Monday announced increasing the price of sugarcane to Rs 380 per quintal from the existing Rs 360 per quintal. He announced a hike in SAP (state agreed price) of sugarcane on the floor of the Punjab Assembly on the concluding day of its brief session.
In August 2021, the then Congress government had announced a Rs 50 per quintal hike in SAP of sugarcane to Rs 360 per quintal.
Mann said farmers will get an additional Rs 20 per quintal under SAP of sugarcane as compared to last year.
With this decision, the state government will spend an additional Rs 200 crore annually to benefit the farmers.
Mann said the farmers of the state eagerly want to adopt sugarcane crop under crop diversification, but they are hesitant for it due to lack of adequate price and timely payment of the crop.
Madras Fertilisers signs MoU with Agrifields to import 30,000 tonnes of phosphoric acid a year
The MoU will allow Madras Fertilisers to procure the raw material from Agrifields for the next three years
Madras Fertilisers signed a memorandum of Understanding (MoU) with Dubai-based Agrifields to import 30,000 tonnes of phosphoric acid solution per year, which will ensure the availability of non-urea nutrients amid global uncertainties leading to price fluctuations.
The MoU will allow Madras Fertilisers to procure the raw material from Agrifields for the next three years. This is a significant step toward improving the availability of DAP and NPK fertilisers for Indian farmers, the Ministry of Chemicals and Fertilisers said in a statement.
nurture.farm partners HDFC Ergo to offer crop cover to farmers
nurture.farm aims to offer insurance solutions to 2 million farmers, provide risk mitigation solutions to enhance farmer resilience
Agritech start-up nurture.farm has partnered with HDFC ERGO General Insurance Company to further enhance and expand its insurance solutions for 2.3 million farmers on its platform.
Most farmers do not opt for insurance due to expensive premiums and the tediousness associated with paperwork. Owing to the widespread nature of this issue, nurture.farm aims to offer its insurance solutions to nearly 2 million farmers, and will continuously innovate to provide risk mitigation solutions to enhance farmer resilience, the company said in a statement.
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