India - Insurance scheme for Guntur chilli growers launched

23.06.2022 261 views

In an attempt to save small farmers from unfavourable price fluctuations due to unpredictable market conditions, Syngenta India has entered into an agreement to with Agriculture Insurance Company of India (AIC) for chilli growers in Guntur. 

The MoU aims to facilitate in guaranteeing a fair price to the farmers for their crop produce by indemnifying them for losses incurred due to a fall in the market prices.MK Poddar, CMD, AIC said the product protects policyholders against unexpected falls in market prices.

“If the market prices fall for the insured crop to a level below the threshold or guaranteed price, resulting in a loss, AIC will compensate the policyholder by providing the difference between this threshold price and the market model price,” he said. Dr KC Ravi, chief sustainability officer, Syngenta India said the initiative is designed to provide smallholder farmers the requisite shield against market price fluctuation, securing their income and supporting them to keep cultivating their preferred crop. 

He further stated that the scheme by Syngenta’s vegetable seeds division and AIC will be a game-changer for chilli growers. “Around 80% of the red dry auction happens at the Guntur APMC yard. So it was the right place to launch the project,” added Ravi.  

Source - https://www.newindianexpress.com

11.08.2022

India - More than 15 lakh hectares of crop area in Maharashtra hit by latest spell of heavy rain

More than 15.10 lakh hectares of crop area in Maharashtra has been affected due to the heavy rain which has been lashing the state for the last few days. Soyabean, cotton, tur, and paddy are some of the major crops which have been affected with the figure expected to go up as the survey continues.

11.08.2022

France - Heat and drought: producers on high alert

Heat episodes are succeeding one another in France and with them comes drought, causing significant repercussions for farmers. Climatic hazards are leading to a drop in yields for many crops and quality is also being affected.

11.08.2022

Moldova - August rains affect table grape quality

After a two-month drought in early August, it rained in almost all regions of Moldova. Vine growers note that after a short rainy period, the cracking of berries has begun on many table grape plantations.

11.08.2022

UK - Riverford reservoirs running dry, Devon fruit growers alarmed

Guy Singh-Watson from the Riverford Organic Farmers vegetable growing company in Devon has said the ongoing dry spell has caused its reservoirs to completely run dry. He called it "the worst year in 35 years" in terms of water levels.

11.08.2022

USA - California stone fruit growers remain watchful following recent rains

Following late last week’s rain, stone fruit growers in California are trying to determine what the impacts of that rain are. “I think it was a quarter of an inch of rain but that’s an unprecedented amount of rain for us at this time of year,” says Jon McClarty of HMC Farms in Kingsburg, California.

11.08.2022

Germany - Drought and sunburn worry fruit growers

At this point in time, Brandenburg's fruit growers are struggling with a drought, sunburn and higher costs. Yields are good overall, but there are cutbacks in certain fruit varieties due to the weather.

11.08.2022

USA - Western Growers applauds $4 billion in drought-relief funding

In response to the inclusion of $4 billion in drought-relief funding for the Colorado River Basin in the Senate spending bill, Western Growers President & CEO Dave Puglia issued the following statement:

11.08.2022

Spain - Broccoli and cauliflower season in Murcia, one of the most difficult in years

The broccoli and cauliflower producing sector of the Region of Murcia has been particularly affected during the latest campaign and its initial forecasts for the next one are negative.