Whrrl

🎉 Thrilled to announce that Whrrl has been recognized among the SELECT 200 Companies with Global Business Potential at Forbes India - DGEMS 2024 ❗ As one of the world's largest agri-commodity tokenization platforms, we're proud to be reshaping post-harvest agriculture through blockchain technology. Our journey of tokenizing $750M in warehouse receipts has been transformative in bridging traditional and decentralized finance across India, Africa, and Southeast Asia. This recognition fuels our mission to enhance financial access for farmers and agri-MSMEs globally. Grateful to Forbes India and D Globalist. for acknowledging our work in revolutionizing agricultural finance. Here's to breaking more barriers and creating a lasting impact in global agriculture ❗ 🌾🚀 #DGEMS2024 #Select200 #eXtrepreneur #BeyondBorders #GoGlobal

🎁 As the holiday season draws near, we at Whrrl would like to take a moment to express our heartfelt appreciation to all This year has presented numerous challenges, yet together we have navigated them and continued to expand the horizons of what is achievable in financial technology. We are incredibly thankful for the unwavering support and talent of our dedicated community. 🎅 This Christmas, we wish you all good health, happiness, and prosperity. May your holiday season be filled with joy and cherished moments with loved ones. From everyone at Whrrl, we wish you a Merry Christmas and Happy Holidays 🎄 ❗ #Christmas2024 #MerryChristmas #MerryXmas

🌊 India Advocates for Per Capita Subsidy Formula at WTO to Support Small-Scale Fishers 🌊 In a significant move to protect the livelihoods of vulnerable fishing communities, India is proposing a per capita subsidy formula at the World Trade Organization (WTO). This initiative aims to ensure that subsidies are distributed based on the number of fishers in a community, rather than total subsidy amounts. It underscores the importance of sustainability in fisheries management. India argues that current subsidy assessments often overlook the environmental impacts of overfishing and overcapacity.  As discussions are set to take place at the WTO's General Council meeting, India's initiative reflects its commitment to building alliances within the organization and ensuring that the unique challenges of developing nations are recognized. This proposal is a critical step towards achieving fairer fishing practices globally and safeguarding the interests of those who rely on these resources for their livelihoods. Let's support efforts that prioritize sustainability and equity in our oceans! 🌍🐟 #fishing #Agriculture #indiangovernment

🧑🌾 Celebrating National Farmers Day: Honoring the Heroes Who Feed Our Nation On this special day, we pay tribute to the unsung heroes who cultivate our land and nourish our communities. Farmers are the true architects of our nation's prosperity, tirelessly working to ensure food security and economic stability. Their dedication is our lifeline - without #farmers, there is no sustenance, no progress, no life. Let's express our heartfelt gratitude to these remarkable individuals who transform seeds into sustenance, turning hard work into the foundation of our collective well-being. #NationalFarmersDay #farmersday #agriculture #farming #NationalFarmersDay2024

🌾 The Indian government has implemented tighter stock limits on wheat for traders and processors to stabilize prices and ensure food security. This decision comes in light of the ample wheat availability from the recent harvest, which produced approximately 113.2 million tonnes during the Rabi season. The new regulations aim to curb hoarding and speculation in the market, particularly as the next harvest is not expected until April. Under the revised limits, #traders and wholesalers can now hold a maximum of 1,000 tonnes of wheat, reduced from 2,000 tonnes. Retailers are now limited to 5 tonnes per outlet, while big chain retailers can store up to 10 tonnes per outlet and a cumulative total across their depots. Processors will be allowed to stock 50% of their monthly installed capacity, down from the previous limit of 60%. These changes will remain effective until March 31, 2025. This proactive measure is part of the government's ongoing efforts to monitor and manage wheat stocks closely, ensuring that no artificial scarcity is created in the country. Entities that fail to comply with these stock limits will face penalties under the Essential Commodities Act. By tightening these regulations, the government aims to maintain price stability and protect consumers from unnecessary inflation in wheat and related products. #farmers #farming #agriculture #food

🌾 Indian parboiled rice prices remained stable, buoyed by strong demand from African markets, which helped counterbalance the pressures from new crop yields. This stability is crucial for #exporters as it allows them to maintain margins amid fluctuating conditions in the global rice market. Notably, the Indian rupee's record low has also enhanced exporter margins, making Indian rice more competitive internationally. In contrast, Vietnamese rice prices have experienced a decline due to an influx of strong supplies. The price of 5% broken rice in Vietnam has dropped to approximately $509 per ton, reflecting a decrease of about $4 from previous weeks. This shift in pricing comes as Vietnamese exporters face increased competition from other rice-producing countries, particularly India and Thailand, which are seeing varied price movements. 💁♂️ Meanwhile, Thai rice prices have seen a slight uptick attributed to the appreciation of the Thai baht. As the market adjusts to these dynamics, stakeholders are closely monitoring trends in supply and demand to navigate the challenges ahead. The interplay of these factors will be critical as we move into the new year and assess the overall health of the rice market across Asia. #agriculture #farming #farmers

The Reserve Bank of India (RBI) has announced a significant increase in the collateral-free loan limit for farmers, raising it from ₹1.6 lakh to ₹2 lakh, effective January 1, 2025. This strategic move is designed to support small and marginal farmers who are grappling with rising input costs, ensuring they have better access to financial resources without the burden of collateral requirements. By eliminating collateral and margin requirements for loans up to ₹2 lakh, this initiative will benefit over 86% of farmers in India. It’s a game-changer for many in the agricultural sector, as it enhances accessibility to credit and provides much-needed relief during challenging economic times. This policy not only empowers farmers but also strengthens the backbone of our economy by promoting sustainable agricultural practices. As we look forward to the implementation of this policy, it’s crucial for all stakeholders—government bodies, financial institutions, and agricultural organizations—to collaborate and ensure that these funds reach those who need them most. Together, we can foster a more resilient agricultural ecosystem that supports our farmers and drives growth in rural communities. Let’s champion this initiative and work towards a thriving future for Indian agriculture! #RBI #AgricultureReform #CollateralFreeLoans #FarmersFirst #SmallFarmers #FinancialInclusion #IndianAgriculture #RuralDevelopment #EconomicGrowth #SustainableFarming

🍃Indian tea prices have surged by 18% due to a significant decline in production. The increase in prices is primarily attributed to adverse weather conditions that have impacted tea yields, particularly in key producing regions. This surge has raised concerns among consumers and industry stakeholders about the potential implications for both availability and affordability of tea in the market. As production decreases, the demand for tea remains strong, leading to heightened competition for available supplies. The situation underscores the need for effective management strategies within the tea industry to address production challenges and stabilize prices. Stakeholders are urged to explore sustainable practices and innovations that could enhance resilience against climate-related disruptions. #IndianTea #TeaPrices #Agriculture #ClimateImpact #SustainableFarming #TeaIndustry #CommodityMarket #MarketTrends #ProductionDecline #ResilientAgriculture

🌾 Soil Degradation: A Growing Concern for India's Agriculture Soil degradation affects a staggering 30% of India's land, posing a serious threat to agricultural productivity and food security. According to the National Bureau of Soil Survey and Land Use Planning, approximately 146.8 million hectares of soil are degraded, with states like Punjab, Haryana, Gujarat, Maharashtra, Andhra Pradesh, and Telangana being the most affected. The consequences of this #degradation could jeopardize the livelihoods of millions of farmers and lead to increased reliance on food imports in the future. The causes of soil degradation are multifaceted, including unsustainable agricultural practices stemming from the #GreenRevolution, environmental factors like deforestation and overgrazing, and severe erosion. Notably, water erosion affects 80% of unirrigated farmland, while nutrient deficiencies in essential micronutrients such as zinc and iron have become increasingly prevalent. These challenges not only threaten the health of our soils but also impact food production capacity as India strives to feed 18% of the global population with only 2.4% of its land.To combat this pressing issue, it is crucial to adopt sustainable #agricultural practices that prioritize soil health. Implementing crop rotation, reducing chemical inputs, and enhancing organic matter can help restore degraded soils. 👩🌾 Moreover, engaging #farmers in conservation efforts and reorienting agricultural policies towards sustainability will be vital for long-term success. Together, we can work towards a healthier agricultural landscape that supports both our farmers and the environment ❗  

🍅 Retail tomato prices in India have dropped by an impressive 22.4% month-on-month, now averaging ₹52.35 per kg as of November 14, 2024. This decline is primarily attributed to improved supplies across the country, driven by favorable weather conditions that have supported crop growth and a smooth supply chain from farms to markets. Tomato production for the 2023-24 season is projected to increase by 4%, reaching approximately 213.20 lakh tonnes, compared to last year's 204.25 lakh tonnes. While #tomatoes are grown year-round, production varies seasonally across different regions, with October and November being critical sowing months in major producing states. ⛈️ Earlier this year, excessive rains in Andhra Pradesh and Karnataka led to a spike in prices, peaking at an inflation rate of 161% due to supply disruptions. However, the current favorable weather has contributed to a resurgence in supply, helping stabilize prices. To manage rising prices during peak inflation periods, government agencies had previously intervened by selling tomatoes at controlled prices through various retail outlets. This positive trend not only benefits #consumers but also reflects the resilience of our agricultural sector in adapting to environmental challenges. 👩🌾 Let's continue to support local farmers and the agricultural community ❗ #farmers #farming #agriculture #monsoon2024