IFFCO develops world’s 1st Nano Urea
By Deepak Arora
NEW DELHI, June 1: World’s 1st Nano Urea Liquid is introduced for the farmers across the world by Indian Farmers Fertiliser Cooperative Limited (IFFCO) in the presence of its RGB members in its 50th annual general body meeting held online-offline mode.
This is an inspiration taken from the call of the Prime Minister of India for reducing the use of Urea in the soil. The Nano Urea Liquid is indigenously developed after many years of dedicated and sincere research of IFFCO’s Scientists and Engineers through a proprietary technology developed at Nano Biotechnology Research Centre, Kalol, in the tune of ‘Atmanirbhar Bharat’ and ‘Atmanirbhar Krishi’.
IFFCO Nano Urea Liquid found effective and efficient for plant nutrition. This increases the production with improved nutritional quality. It will also give a huge positive impact on the quality of underground water, very significant reduction in the global warming with an impact on climate change and sustainable development.
Translation of Nano Urea Liquid for farmers use will boost balanced nutrition program by reducing the excess use of Urea application in the soil. The excess urea causes an environmental pollution, harm soil health, and making plant more susceptible for disease & insect infestation, delayed maturity of the crop & production loss. Nano Urea Liquid make the crops stronger, healthy and protect them from lodging effect.
IFFCO Nano Urea Liquid is easy on the pocket of farmer and will be effective in increasing farmers income. A 500 ml bottle of IFFCO Nano Urea Liquid will replace at least one bag of conventional Urea. Hence, it will reduce the input cost to farmer. Due to the small sizeof Nano Urea Liquid, it’s bottle can be kept in the pocket and will significantly bring down the cost of logistics and warehousing also.
IFFCO Nano Urea Liquid is now included in Fertiliser Control Order (FCO, 1985) on the basis of multi- location and multi-crop trials undertaken under National Agriculture Research System (NARS) at 20 ICAR research institutes, State Agriculture Universities and KVKs on 43 crops.
To test its efficacy around 11,000 farmer field trials (FFT’s) were undertaken on more than 94 crops across India. In the recent countrywide trials conducted on 94 crops, an average 8 per cent increase in yield has been witnessed.
IFFCO Nano Urea Liquid is developed to replace conventional Urea and it can curtail the requirement of the same by at least 50 per cent. It contains 40,000 ppm of Nitrogen in 500 ml bottle whichis equivalent to theimpact of nitrogen nutrient provided by onebag of conventional Urea.
The production of IFFCO Nano Urea Liquid will commence this month. The commercial rollout will start soon thereafter. IFFCO has priced Nano Ureaat ₹240 per 500 ml bottle for the farmers which is 10 per cent cheaper than the cost of a bag of conventional Urea.
The Cooperative has planned a massive countrywide campaign exercise to demonstrate & train the farmers about its usage and application. It will be primarilyavailable to farmers through its cooperative sales and marketing channel apart from its sale on IFFCO’s e-commerce platform www.iffcobazar.in.
COVID crisis to push global unemployment over 200 million mark in 2022
By Deepak Arora
GENEVA, June 2: The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-hit, UN labour experts said on Wednesday.
The International Labour Organization (ILO) also maintained in a new report that although the world’s nations “will emerge” from the ongoing health crisis, “five years of progress towards the eradication of working poverty have been undone” nonetheless.
“We’ve gone backwards, we’ve gone backwards big time,” said ILO Director-General Guy Ryder. “Working poverty is back to 2015 levels; that means that when the 2030 Sustainable Development Agenda was set, we’re back to the starting line.”
The worst-affected regions in the first half of 2021 have been Latin America and the Caribbean, Europe and Central Asia, all victims of uneven recovery.
They’ve seen estimated working-hour losses exceed eight per cent in the first quarter and six per cent in the second quarter, far higher than the global average (of 4.8 and 4.4 per cent respectively).
Women have been hit “disproportionately” by the crisis, seeing a five per cent employment fall in 2020, compared to 3.9 per cent for men.
“A greater proportion of women also fell out of the labour market, becoming inactive,” ILO said, noting that “additional domestic responsibilities” had resulted from lockdowns which risked a “re-traditionalization” of gender roles.
Youth employment has also continued to suffer the economic downturn, falling 8.7 per cent in 2020, compared with 3.7 per cent for adults.
The most pronounced fall has been in middle-income countries where the consequences of this delay and disruption to the early labour market experience of young people “could last for years”, ILO warned.
Pandemic-related disruption has also brought “catastrophic consequences” for the world’s two billion informal sector workers.
Compared to 2019, an additional 108 million workers worldwide are now categorized as “poor” or “extremely poor” – meaning that they and their families live on the equivalent of less than $3.20 per person, per day.
“While signs of economic recovery are appearing as vaccine campaigns are ramped up, the recovery is likely to be uneven and fragile,” Mr Ryder said, as ILO unveiled its forecast that global unemployment will reach 205 million people in 2022, up from 187 million in 2019.
The Geneva-based organization also projected a “jobs gap” increase of 75 million in 2021, which is likely to fall to 23 million in 2022 – if the pandemic subsides.
The related drop in working-hours, which takes into account the jobs gap and those working fewer hours, amounts to the equivalent of 100 million full-time jobs in 2021 and 26 million in 2022.
“This shortfall in employment and working hours comes on top of persistently high pre-crisis levels of unemployment, labour underutilization and poor working conditions,” ILO said in World Employment and Social Outlook: Trends 2021, (WESO Trends).
The ILO report maintained that although global employment recovery should accelerate in the second half of 2021, it will likely be an uneven recovery.
Unequal vaccine access is to blame, ILO insisted, in addition to the limited capacity of most developing and emerging economies to support the strong fiscal stimulus measures that have characterised the approach of the world’s wealthiest countries to the COVID-induced downturn.
“Without a deliberate effort to accelerate the creation of decent jobs, and support the most vulnerable members of society and the recovery of the hardest-hit economic sectors, the lingering effects of the pandemic could be with us for years in the form of lost human and economic potential and higher poverty and inequality,” said Ryder.
“We need a comprehensive and co-ordinated strategy, based on human-centred policies, and backed by action and funding. There can be no real recovery without a recovery of decent jobs.”
Sugar shares rally up to 8% as ethanol blending programme advanced to 2023
NEW DELHI, June 3: Shares of sugar companies rallied up to 8 per cent on the BSE in intra-day trade on Thursday after the government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India's dependence on costly oil imports.
Balrampur Chini Mills rallied 8 per cent to Rs 325.85 on the BSE in intra-day trade today. At 09:27 am, the stock was up 5 per cent, as compared to 0.62 per cent rise in the S&P BSE Sensex. Triveni Engineering & Industries, EID Parry (India), Dhampur Sugar Mills, Dwarikesh Sugar Industries and Avadh Sugar & Energy were up in the range of 3 per cent to 4 per cent.
In the current year, ethanol blending level has reached 7.2 per cent with oil marketing companies (OMCs) contracted to procure 300 crore litre of ethanol. The target of 20 per cent ethanol blending would be difficult to achieve by 2023 given lack of capacities & requirement of changes in engines by auto OEMs. However, this depicts the seriousness of government to achieve blending levels of 10 per cent & 20 per cent quickly.
ICICI Securities believe this would encourage sugar companies to further add sugarcane juice and grain-based ethanol capacities. Moreover, it is also setting up stiff timelines for auto OEMs to comply with blending requirement. This would be positive for sugar companies, the brokerage firm said in a note.
Most of brokerage houses have positive stance on India’s sugar industry as it is well poised to benefit from global and domestic factors. Lower output from countries like Brazil, Thailand and the EU would keep supplies tight and global prices firm, enabling India to increase exports.
“On the domestic front, favorable policies, rising ethanol demand, aggressive ethanol capacity addition would drive an earnings CAGR of 15-20 per cent over FY21-24E for our coverage companies. Sugar oversupply is a thing of the past as higher diversion of sugar in favor of ethanol (around 2.0mn tonne sugar in SS21 and >5-6mn tonne by SS24) would keep net sugar production under around 30mn tonne,” analysts at Elara Capital said in recent sugar sector report.