Agriculture Current Affair 18 May 2020

Sugar production touches nearly to 265 lakh tonnes till May 15: ISMA

Sugar production the country touched nearly 265 lakh tonnes (LT) till May 15, about 61 LT lower than the corresponding period last year even as sugar mills grappling with excess stocks with bulk consumers of the white sweetener such as beverage makers and sweetmeat producers, affected by the lockdown, yet to resume buying.

According to a statement from the Indian Sugar Mills Association (ISMA), mills in Uttar Pradesh have produced 122.28 LT of sugar so far as compared to 116.8 LT during the same period last year. Forty-six mills (out of the currently operating 63 across the country) are still crushing in the State even though the production has already surpassed its best — 120.45 LT.

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Agritech startup Eggoz raises ₹2.5 crore to fund expansion

Agritech startup Eggoz, which is into the business of egg production, has raised ₹2.5 crore from investors to fund its expansion plans.

Founded in December 2017, the startup is a full-stack egg producer of nutrition-rich eggs. It operates a network of poultry farms in Bihar and Madhya Pradesh.

Eggoz has raised ₹2.5 crore as part of its seed funding. It had earlier secured ₹1.2 crore from a clutch of angel investors.

Aatmanirbhar package fails to cheer fisher-folk

The fiscal stimulus in the fisheries sector has failed to bring any cheer to the fisher-folk, as they fear that the absence of an immediate short-term support would push them further into the debt trap.

Though experts in the sector point out that the Kisan Credit Card scheme for fishers would boost liquidity in the sector, Charles George, president of Kerala Matsya Thozhilali Aikyavedi, said that majority of the fishing community in the State have not come under the purview of the scheme owing to the lackadaisical attitude of the authorities.

“The Finance Minister had even turned down our request to allow ₹686 crore from the Emergency Disaster Relief Fund as an aid in view of the disability of the fishing community to venture into the seas due to restrictions,” he said.

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