Agriculture Current Affair 25 August 2020

93% teas sold at Coonoor auctions

The average prices rose at sale 34 of the auctions of Coonoor Tea Trade Association rose to an all-time high level of ₹172.62 a kg – some ₹5 per kg more than last week.

Among orthodox teas, two grades of High Cliff Factory, auctioned by Paramount Tea Marketing P Ltd., topped the entire auctions when Nisha Enterprises bought them for ₹ 400 a kg each.

Kodanad got ₹282, Kairbetta ₹274, Glendale ₹235, Devashola and Siruvani ₹231 each, Lockhart ₹215, Goldsland and Kil Kotagiri ₹211 and Havukal ₹205.

ICICI Bank to use satellite data to assess credit worthiness of farmers

Private sector lender ICICI Bank will use satellite data—imagery from Earth observation satellites—to assess credit worthiness of its customers belonging to the farm sector.

“This use of innovative technology helps farmers with existing credit to enhance their eligibility, while new-to-credit farmers can now get better access to credit,” it said in a statement on Tuesday.

‘No-GM’ certificate mandatory for imported food crops from January

Come January 1, 2021, importers of 24 major food crops will have to mandatorily declare that the products are not genetically-modified and that they also have a non-GM origin.

The Food Safety and Standards Authority of India (FSSAI) has come out with this order to ensure that only non-GM food crops come into the country

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