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AgroSpectrum - December 2020

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The impact of COVID-19 on Indian economy is as devastating as it
is on the rest of the world. Disruption of demand and supply chain
of agricultural commodity like fish and seafood products for the
prolonged nation-wide lockdown has directly affect 14.5 million
people associated with the sector. The scale at which this pandemic
has caused damage to this trade is immeasurable with exports
slipping down drastically, production, distribution and marketing of
inland fisheries coming to a halt and seed supply scoring an almost
zero due to lack in demand. As per the Central Institute of Fisheries
Technology (CIFT), the monthly loss for the sector is estimated to
be about Rs 6,838 crore, with Gujarat — the No. 1 state with 7.8 lakh
tonnes marine seafood production in 2018 — have been hit severely.
However, experts from the industry feel that now the inimical phase
has passed by and it is time to rebuild this sector. AgroSpectrum
analysis the ongoing trade situation and speak to some stalwarts of
this trade get the clear picture on the necessary strides needed to
get this business back on track.

AgroSpectrum Description:

Uitgever: MM-Activ-Sci-Tech-Communication

Categorie: Business

Taal: English

Frequentie: Monthly

Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.