1. Some interesting things happening in organic space. "Lalbhai Group’s flagship Arvind and State Bank of India are set to cement a relationship later this month by signing a memorandum of understanding that will link over a thousand farmers in Vidarbha region’s Akola district to a demand-driven supply chain and an assured cash flow. The company buys back cotton at a 30% premium to conventional cotton varieties such as Bt and hybrid, and uses it to produce organic denim for export to Frankfurt." Details here.
As posted earlier on this blog, there has been lot of interests by corporates like Pepsi, RCF to get into contract farming. This is a kind of win-win situation for both the farmers and the corporates. The former get to sell their produce at higher prices without paying a "rip" to the middleman and the later get the supply of raw material without much hassles.
2. Union Minister for Health Anbumani Ramadoss has again touched the controversial topic of GM food. He said he will oppose introduction of such a variety without conducting proper tests.
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