Agriculture Current Affair 4 February 2021

Teas worth ₹ 4.13 crore unsold at Coonoor auctions

Teas worth ₹ 4.13 crore remained unsold at Sale No: 4 of the auctions of Coonoor Tea Trade Association (CTTA) as there were no takers for about 23 per cent of the offer despite the average price dropping to ₹ 132.25 a kg – the lowest so far in calendar 2021.

The demand was generally less compared to the previous weeks as upcountry buyers and exporters turned selective for some grades.

Rubber Board sees molecular biology and products development as areas for growth

Molecular Biology and rubber product manufactures are the thrust areas where focus should be given for development of the sector, said K. N. Raghavan, Chairman & Executive Director, Rubber Board.

He inaugurated the certificate courses offered by the Rubber Board in Molecular Biology & Biotechnology Techniques, and Rubber Products Manufacture, at Rubber Training Institute, Kottayam.

Enhanced MIF to support irrigation coverage for 1 crore ha

Finance Minister’s announcement on augmenting the micro irrigation fund has brightened the prospects for extended irrigation coverage across one crore hectares in the country.

In her Budget speech, the Finance Minister Nirmala Sitharaman had said, “The Micro Irrigation Fund, with a corpus of ₹5,000 crore has been created under NABARD, I propose to double it by augmenting it by another ₹5,000 crore.”