The virtual interactions are not on large scale and are conducted for batches of 50-100 farmers at one time. “This is very beneficial as we are able to engage only with potential buyers,” added Pandey.
The prices are likely to remain weak till mid-June, industry insiders said, citing continued transportation issues with many state borders sealed, preventing traders from travelling to other states to make wholesale purchases. Onion traders are anticipating big losses for farmers as the country is expected to harvest a bumper crop of rabi onions.
“A deeper engagement between the farmers and food processors or retailers helps in guiding the farmers align the crop varieties, quality, farm management practices etc with what the market wants,” said S Sivakumar, head, Agri & Tech, ITC Limited.
The average export was 4 lakh tonne a month in the previous year and now only 30% of that is happening said an APEDA official.
Tomato prices have crashed to Rs 1-2 per kg while onions have fallen to about Rs 8 per kg in Delhi’s wholesale market because of weak demand and strong supply in the harvest season, which will keep prices low, traders said.
The fair trade regulator had ordered a probe in 2016 for alleged abuse of Monsanto's dominant position in India in Bt cotton business, based on a complaint filed by the government and other seed companies. Monsanto main argument that the CCI jurisdiction stood excluded in matter related to exercise of patent rights by the patent holder was rejected.
Scheme worth Rs 10,000 crore will be implemented on the lines of Prime Minister’s vision of ‘vocal for local with global outreach’, to help two lakh micro food enterprises (MFE); improved health and safety standards, integration with retail markets and improved incomes to be key focus areas, said the minister.
“A number of global buyers who want to hedge their positions are now looking at India as an alternate market to China to source honey in bulk and bottled form. It’s a good opportunity for us,” said Pankaj Mishra, CEO of New Delhi-based Apis India.
Expenses such as high rents will make business unviable amid muted sales, say trade bodies.
India’s farmers are desperate for watering holes and street food vendors to start business.
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