Agriculture Current Affair 24 January 2020

Cut in reserve price of rice, wheat will hit FCI

The government has cut sharply the reserve price of rice and wheat to help FCI offload bulk of its stock.

In the Open Market Sale Scheme (OMSS), rice will now be sold at 2,250/quintal against 2,785/quintal earlier.

The reserve price of wheat has also been cut. It is now 2,135/quintal. Originally, price for the January-March period was fixed at 2,245/quintal.

Agri-tech start-ups set to bloom on huge investments

Capital flows into the agri-tech start-up ecosystem are set to remain robust in the year ahead as innovations fuel digitisation of the farm sector with more farmers adopting technology solutions.The segment is seen attracting interest from large mainstream venture capitalists such as Sequoia and Accel Partners, even as the existing players raise larger funds to invest in agri-tech, which attracted an all-time high investment of around $300 million in 2019.

Rubber Meet on Feb 28, 29

Delegate registration for India Rubber Meet 2020 (IRM 2020) has begun. The meet will be held at Radisson Blu Temple Bay at Mamallapuram near Chennai February 28 and 29.IRM 2020, the fifth in the series, is organised by India Rubber Meet Forum, a society formed by the Rubber Board and the stakeholder associations in rubber and related sectors. Registration is online through theme of IRM 2020 is ‘Rubber Resurgence Through Innovation’. The meet will focus on topics related to the future of global and Indian rubber industry, global/Indian economy and commodity prices, the future of auto tyre, non-tyre and synthetic rubber industry.

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