Large banks experience increased stress in the agribusiness, MSME, and retail sectors in Q4. For the quarter that ended in March 2022, most large banks said that the number of new bad loans went up from the previous quarter. In the fourth quarter of FY22, 17 banks reported slippages...
Traders and suppliers are in trouble as Cargill, and ITC terminating wheat procurement contracts. As a result of the restriction placed on the export of the crop, export companies like Cargill and others have begun terminating their wheat procurement contracts with local traders. This has...
Rural-AgriTech Hackathon will be held by Kerala Startup Mission on June 9, 2022 A hackathon will be held by the Kerala Startup Mission on the sidelines of the Rural India Business Conclave 2.0 (RIBC 2.0), which will begin in this location on June 9. The goal of the hackathon is to...
Soyabean crop will be lower than the estimate of 13.83 million tonnes – SEA The Indian Solvent Extractors’ Association (SEA) thinks that the soyabean crop will be lower than the government’s estimate of 13.83 million tonnes (mt). In his monthly letters to SEA members...
After the prohibition on wheat exports, the harvest is bitter for Indian farmers. When New Delhi decided to limit wheat exports just as prices were skyrocketing as a result of Russia’s invasion of Ukraine, it caused widespread alarm and drove up the price of the commodity even...
