-Scroll.in Agritech is touted as a remedy for the perennial problems ailing the Indian farmer. But what about the challenges it might create? Ramanjaneyulu GV seethes with disdain remembering the times agricultural technology start-ups pitched to him over the past eight years. On offer was the full rainbow of services: market solutions and weather predictions for higher agricultural yield, better quality produce, more profits. Everything that, in theory, should be welcome. “My opposition...
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Agriculture Ministry ties up with Jio, ITC, NCDEX to develop Agritech
-The Hindu The Agriculture Ministry signed agreements on Tuesday with Reliance’s Jio Platforms, ITC, Cisco, NCDEX e-Markets and Ninjacart to develop Agritech solutions using its National Farmers Database which includes information of 5.5 crore farmers. Microsoft, Amazon and Patanjali are among the companies that signed agreements for similar pilot projects earlier this year. This is part of an effort to modernise the agriculture sector by infusing new technologies so that farmers can...
More »Agri Ministry’s New App Gives Microsoft Access to Millions of Farmers’ Personal Data -Sashwata Saha
-TheCitizen.in ‘The whole process is faceless’ As the managing director of CropData Sachin Suri explained to Microsoft’s news desk last year, the abstract looking artwork behind him is not a painting. “This is actually a spectral analysis satellite image of farms. Each tiny spot, or a geo-spatial tile, is an actual field in Punjab and the different colors denote the stress levels in individual farms.” That frame is the crux of what CropData,...
More »Why record foodgrain production failed to cheer farm input providers -R Sree Ram
-Livemint.com Both fertilizer and agrochemical companies are highly dependent on imports for raw materials. With rupee depreciation exacerbating the rise in prices of raw materials, the profitability of the companies is expected to take a hit this year The forecast of a record foodgrain production in the ongoing kharif season has brought no cheer to agricultural inputs stocks. Shares of Rallis India Ltd lost 3% last week. Dhanuka Agritech Ltd slumped 12%....
More »Monsoon forecast lifts up mood: As agri shines, will it rain returns for these stocks?
-The Financial Express After private weather forecaster Skymet on Wednesday predicted normal monsoons In India, research firm HSBC says that it will provide a boost to the agricultural sector. Interestingly, Skymet has forecast a a 20% chance of above normal monsoon, and a 5% probability of excess rain in 2018-19. HSBC notes that the agriculture sector is slated to benefit from it, as 70% of the total rainfall is attributable to...
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