ABM Daily Briefing: Importing Apples; Exporting Woes; Savannah Seeds' Rice Hybrids Controversy; Dehaat's FY24 Results
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State of Agritech - 5th November 2024
A Guide for the Perplexed
1/ Price Discovery remains unsolved in Indian Agriculture. Case In Point: Importing Apples from the US and Exporting Woes (Price Crash) for Indian Apple Farmers
Five Whys:
Why? Apple Farmers have been waiting for remunerative prices while storage costs kept ticking and prices kept crashing
“Controlled Atmosphere storage charges ₹1.99 per kg of apples per month. The cultivators who stored their harvest last October now face paying over ₹300 as storage charge for each apple crate, weighing 17 kgs” - The Hindu Business Line
Why? A glut of Apples Imported from Washington, Iran and South Africa
Why? India removed the “retaliatory import duty” on US apples in September 2024.
Why? Cycle of Falling and Rising Prices (Cobweb Phenomenon - Case in Point: Tomatoes)
Why? Bias-free price discovery mechanisms are sorely missing. With bioregional premium margins and mechanisms to discern quality and grade, there are immense possibilities.
2/ Savannah (Sava 7501, Sava 7301, and 468) Hybrid Rice Seeds Controversy: