CAI revises cotton export projections downward to 54 lakh bales
The Cotton Association of India (CAI) has projected India’s cotton exports to fall by about 10 per cent to 54 lakh bales (each of 170 kg) from an earlier projection of 60 lakh bales.
As against the previous year’s 50 lakh bales of exports, the CAI, in its initial estimates, had projected cotton exports to be 20 per cent higher this year, which started from October 1, 2020 to September 30, 2021.
In its latest monthly crop estimate for November 2020, the trade body has retained the overall crop size at 356 lakh bales for the year. Total arrivals during October and November are estimated at 91.57 lakh bales.
KVG Bank launches OD facility for farmers
The Dharwad-headquartered regional rural bank, Karnataka Vikas Grameen Bank (KVGB), has launched an overdraft (OD) facility for farmers.
Speaking at the launch of the ‘Kirishi OD’ scheme designed for farmers, P Gopi Krishna, Chairman of the bank, said that the farmers are provided with an OD facility based on the value of the land. The limit is capped to a maximum of ₹1.5 lakh per acre to irrigated lands and ₹1 lakh per acre to dry land.
Honey adulteration: ‘Centre should ban import of high fructose syrup’
The recent reports of widespread honey adulteration has shaken the consumer confidence and the Khadi and Village Industries Commission (KVIC), which is playing a major role in promoting apiculture, feels that besides hampering consumer interests, such instances impact the livelihoods of farmers and tribal bee keepers. In an interview with BusinessLine, KVIC’s Chairman, Vinai Kumar Saxena, calls for strict action against adulteration and urges government to ban imports of High Fructose Syrup.