Agriculture Current Affair 9 October 2020

ITC to strengthen dairy business in eastern region

FMCG major, ITC Ltd will look to strengthen the presence of fresh dairy offerings under the “Aashirvaad Svasti” brand across the eastern region. Post consolidating presence in the existing 25-odd markets, and upcoming ones of Bihar and West Bengal, over the “next few years”, it will tap other states of the east.

According to Sanjay Singal, Chief Operating Officer – Dairy and Beverages, ITC has a presence in 24 markets including Patna in Bihar; while in West Bengal it is present primarily in Kolkata and the suburbs in the fresh dairy category. New markets in Bengal are being explored, and procurement of milk from farmers in the state is being ramped-up as part of its expansion plans.

Edible oil imports seen falling by 1.5 million tonnes in 2019-20 oil year

Experts from the global edible oil industry feel that India will be importing more oil next year as there are signs of pick up in the economy.

The SEA GLOBOIL webinar on ‘World Price Outlook for Vegetable Oils and Meals’, organised by Solvent Extractors’ Association (SEA) of India, discussed this point in detail as Atul Chaturvedi, President of SEA of India, wanted to know from the global experts on the outlook for edible oil in the country.

First for India, GSFC starts selling locally-made calcium nitrate to cut imports

In a major push for Atmanirbhar Bharat (self-reliant India), chemicals major Gujarat State Fertilizers & Chemicals Limited (GSFC) on Thursday started selling locally made calcium nitrate — a 100-per cent imported water-soluble fertilizer.

Union Minister of State for Chemicals and Fertilisers, Mansukh Mandaviya on Thursday launched the product online. “We identified about 79 chemicals where import substitution could take place. Of these, there are 39 chemicals, where we are 70-100 per cent dependent on imports. GSFC has identified 21 such chemicals to make in India and take a big leap to achieve the goal of Atmanirbhar Bharat,” the minister said in his video address. “We are planning to move all fertiliser plants in this direction and make the fertilizer-based chemical sector self-reliant,” he added.

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