|| Shree Mumba Devi Prasanna ||


AGMARKNET
14 May 2021
Wheat : Dara Max Price: 2025 Min Price: 1750   |   Wheat : Mill Quality Max Price: 1975 Min Price: 1975   |   Paddy(Dhan)(Common) : Ponni Max Price: 2200 Min Price: 1709   |   Paddy(Dhan)(Common) : 1001 Max Price: 1888 Min Price: 1888   |   Paddy(Dhan)(Common) : MTU-1010 Max Price: 1888 Min Price: 1888   |   Paddy(Dhan)(Common) : Common Max Price: 1870 Min Price: 1850   |   Rice : Fine Max Price: 3240 Min Price: 3200   |   Rice : III Max Price: 2420 Min Price: 2380   |   Rice : Common Max Price: 2800 Min Price: 2550   |   Bengal Gram(Gram)(Whole) : Desi (Whole) Max Price: 5720 Min Price: 5680   |   Black Gram (Urd Beans)(Whole) : Black Gram (Whole) Max Price: 7100 Min Price: 6400   |   Sesamum(Sesame,Gingelly,Til) : Black Max Price: 10275 Min Price: 9225   |   Mustard : Lohi Black Max Price: 6580 Min Price: 6220   |   Mustard : Sarson(Black) Max Price: 5600 Min Price: 5540   |   Mustard : Mustard Max Price: 6600 Min Price: 6500   |   Cotton : MCU 5 Max Price: 4850 Min Price: 4750   |   Apple : Delicious Max Price: 14500 Min Price: 3500   |   Apple : Apple Max Price: 21000 Min Price: 8000   |   Banana : Medium Max Price: 3200 Min Price: 1500   |   Banana : Nendra Bale Max Price: 4500 Min Price: 3800   |   Banana : Banana - Ripe Max Price: 3600 Min Price: 2250   |   Banana : Poovan Max Price: 4600 Min Price: 2300   |   Banana : Robusta Max Price: 1300 Min Price: 1000   |   Banana : Palayamthodan Max Price: 3000 Min Price: 1200   |   Banana : Amruthapani Max Price: 2400 Min Price: 2300   |   Mango : Safeda Max Price: 6000 Min Price: 4000   |   Mango : Totapuri Max Price: 5500 Min Price: 3000   |   Mango : Dusheri Max Price: 6000 Min Price: 4000   |   Mango : Chausa Max Price: 3600 Min Price: 3300   |   Mango : Badami Max Price: 4100 Min Price: 4100   |   Pineapple : Pine Apple Max Price: 4000 Min Price: 3000   |   Grapes : Annabesahai Max Price: 8000 Min Price: 2300   |   Grapes : Green Max Price: 7000 Min Price: 6000   |   Grapes : Indian Max Price: 7000 Min Price: 4000   |   Onion : Red Max Price: 1800 Min Price: 1000   |   Onion : Local Max Price: 1300 Min Price: 700   |   Onion : Onion Max Price: 2500 Min Price: 400   |   Onion : Big Max Price: 3000 Min Price: 2100   |   Onion : Small Max Price: 4500 Min Price: 2000   |   Onion : 1st Sort Max Price: 2000 Min Price: 600   |   Potato : (Red Nanital) Max Price: 1600 Min Price: 600   |   Potato : Desi Max Price: 1160 Min Price: 550   |   Potato : Jalander Max Price: 1000 Min Price: 900   |   Potato : Jyoti Max Price: 1220 Min Price: 950   |   Potato : Potato Max Price: 3400 Min Price: 600   |   Garlic : Average Max Price: 11000 Min Price: 2500   |   Garlic : Garlic Max Price: 6000 Min Price: 4000   |   Bajra(Pearl Millet/Cumbu) : Hybrid Max Price: 1320 Min Price: 1240   |   Barley (Jau) : Dara Max Price: 1680 Min Price: 1640   |   Cauliflower : African Sarson Max Price: 1500 Min Price: 1000   |   Cauliflower : Local Max Price: 800 Min Price: 800   |   Cauliflower : Cauliflower Max Price: 5000 Min Price: 400   |   Brinjal : Round Max Price: 1200 Min Price: 800   |   Brinjal : Round/Long Max Price: 1500 Min Price: 500   |   Brinjal : Arkasheela Mattigulla Max Price: 2200 Min Price: 600   |   Brinjal : Brinjal Max Price: 6000 Min Price: 450   |   Coriander(Leaves) : Coriander Max Price: 3000 Min Price: 500   |   Lentil (Masur)(Whole) : Kala Masoor New Max Price: 6400 Min Price: 6360   |   Field Pea : Field Pea Max Price: 4000 Min Price: 2500   |   Papaya : Papaya Max Price: 3400 Min Price: 1000   |   Water Melon : Water Melon Max Price: 1600 Min Price: 700   |   Guar : Gwar Max Price: 3750 Min Price: 1200   |   Mousambi(Sweet Lime) : Mousambi Max Price: 8500 Min Price: 1400   |   Tomato : Deshi Max Price: 2100 Min Price: 400   |   Tomato : Local Max Price: 1200 Min Price: 400   |   Tomato : Hybrid Max Price: 2200 Min Price: 525   |   Tomato : Tomato Max Price: 3000 Min Price: 300   |   Cluster beans : Cluster Beans Max Price: 3000 Min Price: 800   |   Bitter gourd : Bitter Gourd Max Price: 6000 Min Price: 700   |   Bottle gourd : Bottle Gourd Max Price: 4000 Min Price: 400   |   Ashgourd : Ashgourd Max Price: 3000 Min Price: 600   |   Pumpkin : Pumpkin Max Price: 3000 Min Price: 420   |   Bhindi(Ladies Finger) : Bhindi Max Price: 4000 Min Price: 500   |   Amaranthus : Amaranthus Max Price: 4000 Min Price: 2000   |   Green Chilli : Green Chilly Max Price: 7000 Min Price: 600   |   Cowpea(Veg) : Cowpea (Veg) Max Price: 4000 Min Price: 2000   |   Banana - Green : Banana - Green Max Price: 6000 Min Price: 850   |   Beans : Beans (Whole) Max Price: 4600 Min Price: 3000   |   Tapioca : Tapioca Max Price: 2200 Min Price: 300   |   Amphophalus : Amphophalus Max Price: 4000 Min Price: 2000   |   Ginger(Green) : Green Ginger Max Price: 8000 Min Price: 1200   |   Copra : Copra Max Price: 12100 Min Price: 7800   |   Coconut : Coconut Max Price: 3000 Min Price: 2800   |   Coconut : Big Max Price: 4800 Min Price: 4550   |   Coconut : Medium Max Price: 2100 Min Price: 1930   |   Sweet Potato : Sweet Potato Max Price: 3000 Min Price: 2600   |   Carrot : Carrot Max Price: 5000 Min Price: 500   |   Cabbage : Cabbage Max Price: 4000 Min Price: 200   |   Snake gourd : Snakeguard Max Price: 4000 Min Price: 800   |   Beetroot : Beetroot Max Price: 5000 Min Price: 800   |   Cucumbar(Kheera) : Cucumbar Max Price: 3600 Min Price: 400   |   Ridge gourd(Tori) : Ridgeguard(Tori) Max Price: 4800 Min Price: 2305   |   Raddish : Raddish Max Price: 2000 Min Price: 350   |   Thondekai : Thondekai Max Price: 2000 Min Price: 1500   |   Capsicum : Capsicum Max Price: 8000 Min Price: 400   |   Drumstick : Drumstick Max Price: 6000 Min Price: 800   |   Leafy Vegetable : Leafy Vegetables Max Price: 4300 Min Price: 4000   |   Mango (Raw-Ripe) : Mango - Raw-Ripe Max Price: 5000 Min Price: 2000   |   Peas Wet : Peas Wet Max Price: 5500 Min Price: 4500   |   Seemebadnekai : Seemebadanekai Max Price: 2000 Min Price: 1600   |   Knool Khol : Knool Khol Max Price: 3600 Min Price: 2800   |   Suvarna Gadde : Suvarnagadde Max Price: 1800 Min Price: 1400   |   Jack Fruit : Jack Fruit Max Price: 2170 Min Price: 2070   |   Karbuja(Musk Melon) : Karbhuja Max Price: 2000 Min Price: 1000   |   Pomegranate : Pomogranate Max Price: 8400 Min Price: 2400   |   Masur Dal : Masur Dal Max Price: 7720 Min Price: 7680   |   Arhar Dal(Tur Dal) : Arhar Dal(Tur) Max Price: 9920 Min Price: 9880   |   Bengal Gram Dal (Chana Dal) : Bengal Gram Dal Max Price: 6570 Min Price: 6530   |   Black Gram Dal (Urd Dal) : Black Gram Dal Max Price: 9340 Min Price: 9300   |   Elephant Yam (Suran) : Elephant Yam (Suran) Max Price: 1900 Min Price: 1500   |   French Beans (Frasbean) : French Beans (Frasbean) Max Price: 5000 Min Price: 2200   |   Round gourd : Round gourd Max Price: 1200 Min Price: 1100   |   Lemon : Lemon Max Price: 6900 Min Price: 1500   |   Sponge gourd : Sponge gourd Max Price: 1670 Min Price: 1400   |   Colacasia : Colacasia Max Price: 3500 Min Price: 3000   |   Spinach : Spinach Max Price: 1000 Min Price: 700   |   Peas(Dry) : Peas(Dry) Max Price: 10000 Min Price: 9800   |   Tinda : Tinda Max Price: 3000 Min Price: 2000   |   Onion Green : Onion Green Max Price: 1800 Min Price: 1200   |   White Peas : White Peas Max Price: 6500 Min Price: 6460   |  

Aquaculture


Aquaconnect launches financial risk management service AquaCRED

Aquaconnect launches financial risk management service AquaCRED

Aquaculture startup Aquaconnect launches a full-stack technological intervention AquaCRED. This aims to bring a formal financial network to small and medium aquaculture farmers by working on risk assessment based financing strategy.

Share with : Facebook Whatsapp Twitter Linkedin

NEW DELHI, 28 September 2020: Aquaculture startup Aquaconnect launches a full-stack technological intervention AquaCRED. This aims to bring a formal financial network to small and medium aquaculture farmers by working on risk assessment based financing strategy.

AquaCRED initiative facilitates BFSI players to extend their services across the value chain and thus ensure easy formal credit availability to the farmers.

India is one of the largest aquaculture producers in the world that produces about $17 billion worth of fishes and shrimp production with more than 90 percent of produce coming from small/medium-size farmers. However, access to formal finance still remains a challenge as the majority of them lack access to formal credit to purchase key inputs at critical junctures in the aquaculture cycle.

It enables this financial inclusion by combining ‘eyes in the sky’ (secondary data from satellite remote sensing solutions) and ‘boots on the ground’ (primary data from pond’s samples) through machine learning. It also brings transparency and predictability to the entire process, thereby lowering risks & solving associated problems for the BFSI segment transforming the industry. With this, the company enables the aquaculture farmers to access formal finance and avail credits to buy farm inputs and other farming requirements.

“In my view, the biggest impediment for the growth of the aquaculture sector is the lack of data and the absence of formal finance. While it is a multi-billion dollar ecosystem, Indian banks, financial service providers and insurers are staying away from this opportunity due to the lack of data and credit risk assessment framework," Aquaconnect Founder and CEO Rajamanohar Somasundaram said.

AquaCRED offers risk management solutions to BFSI stakeholders for enabling underwriting and asset monitoring capabilities through GIS remote sensing and machine learning technology stack. At the farmer front, credible data profiles create a huge opportunity for fish and shrimp farmers to access formal finance with low interest and reduce the dependency on informal lenders”, Somasundaram added.

A lack of data-driven risk-mitigation strategy makes it almost impossible for BFSI institutions to extend their products to various stakeholders within the value chain, especially farmers who bear the maximum risk.

Limited access to formal credit leads to a higher dependency on informal lenders such as feed &, farm-care product retailers, traders, etc. Eventually, in comparison to formal credit-based interest rates, they pay very high annualized interest thereby leading to a reduction in farm income for the farmers.

According to Amit Salunkhe, VP - Sales, Aquaconnect, “Our goal at AquaConnect is to turn data into information & information into actionable insights for Banks, Financial intuitions & Insurance companies, thereby empowering them to invest in the growth of aquaculture farmers and eventually within the industry itself. AquaCRED is going to be the single most important key which shall successfully bridge the gap between BFSI institutions and Fish & Shrimp Farmers”

About Aquaconnect

Headquartered in Chennai, Aquaconnect was co-founded by Rajamanohar Somasundaram in 2017. The company boast of being a full-stack aquaculture technology venture that works with shrimp and fish aquaculture farmers to improve their farm productivity and market linkage through AI and satellite remote sensing technology.

(Press release)

Image credit: conserve-energy-future.com


© Copyright 2021 Agriculture Times. All rights reserved. Republication or redistribution of Agriculture Times content, including by framing or similar means, is expressly prohibited without the prior written consent.

Support our venture and help farming commmunity in India. If you want us the work better FUND US. For as little as INR 10, you can support2.jpg the AgriTimes™ and it only takes a minute. Thank you.

Partners